The Legal 500

Panama

Editorial

 

Legal market overview

Securely embedded in the word’s trade map, Panama’s economy continues to flourish. The country has experienced 10% economic growth since 2012, a development that has partially been nourished expansion of the tourism sector and continued growth of the real estate market. Among several other positive factors, the high level of foreign investments in infrastructure projects connected to the expansion of the Panama Canal is certainly a key driving factor behind Panama’s ongoing development. The country continues to attract an eclectic mix of international corporations, thereby shaping an economic landscape that is no longer primarily focused on the maritime sector, and which generates a constant flow of diverse instructions for a legal market in which the domestic law firms predominate. Key players include Alemán, Cordero, Galindo & Lee, Arias, Fábrega & Fábrega and Morgan & Morgan which traditionally feature strong maritime practices, but other full-service firms such as Galindo, Arias & López, have also easily adapted to the changing economic environment and offer sophisticated corporate finance, intellectual property and real estate advice to serve the growing number of international clients.

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