Twitter Logo Youtube Circle Icon LinkedIn Icon

Paraguay > Law firm and leading lawyer rankings


While Paraguay’s economy is small and heavily reliant on natural resources, it has proven able to attract a growing flow of foreign investment, with this development underpinned by average growth rates of 5% over the past decade, significant macroeconomic progress and a more transparent government. As a response to the country’s economic and social challenges, the government introduced the National Development Plan for the period 2014-2030, which addresses areas such as poverty, social development, inclusive economic growth and the integration of Paraguay into global markets. These measures, together with a sovereign bond issuance in 2016 which significantly improved the country’s solvency, have contributed to an optimistic climate for foreign investment.

Paraguay is nevertheless affected by falling commodity prices and adverse weather conditions (due to “el Niño”), which negatively influence its heavily agriculture-dependent economy. Gradual diversification towards less volatile sectors and various trade opportunities with neighbouring Brazil have helped to keep the Paraguayan economy relatively stable in recent years. The government has also introduced various PPP projects to improve infrastructure, generating foreign investment and leading to an increased need for legal advice and a growing international workload for local law firms.

The Paraguayan legal market is relatively stable. Significant full-service firms include Ferrere, which has 200 attorneys across Bolivia, Ecuador, Paraguay and Uruguay and has established itself as the second-largest firm in the jurisdiction within 14 years, and Estudio Jurídico Gross Brown, which can look back on more than 70 years of experience in the Paraguayan legal market. These two have leading practices in banking and finance and also, alongside Peroni Sosa Tellechea Burt & Narvaja and Vouga Abogados, in corporate. Other notable firms with a broad service offering include Fiorio, Cardozo & Alvarado, Attorneys at Law, Moreno Ruffinelli & Asociados, Olmedo Abogados, and Palacios, Prono & Talavera.

The market also includes a number of excellent boutique practices. In IP, Zacarias & Fernández shares a top-tier position with full-service firm Berkemeyer Attorneys & Counselors while Irún & Villamayor, Estudio Nora Ruoti & Asociados and SEA Abogados y Consultores Ambientales feature strongly in employment, tax and environmental law respectively. More recent arrivals to the market include Ebro – Firma Jurídica, which specialises in environmental law matters; and Altra Servicios Juridicos, which builds on the expertise of its founder in the area of dispute resolution.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Legislation Reduces Maximum Weekly Working Hours in Korea

    *For better understanding of this article with other graphics , we highly recommend you to visit our firm's website as below.
  • Supreme Court Renders Decision Calling for “Gender Sensitivity” in Sexual Harassment Cases

    Amid the widespread attention that sexual harassment/violence in the workplace has received due to international movements such as the “Me Too” movement, the Supreme Court of Korea has recently rendered a significant decision on the need to reform the judicial system’s approach to sexual harassment cases.
  • Geographical Indications Of Origin In Serbia: Where The Past Fuels The Future

    This article was written by Dragomir Kojić, Partner ⃰, and Tamara Bubalo, Associate ⃰, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine. To see the original article, please follow this link.
  • Striving Towards the Black Gold

    This article was written by Petar Mitrović, Partner ⃰, and Nikolina Kažić, Associate ⃰, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine To see the original article, please follow this
  • Montenegro To Publish A Tender For A 200 MW Solar Power Plant

    The Montenegrin Government plans to publish a tender for the lease of state land for the purpose of constructing a solar power plant in the municipality of Ulcinj. According to the announcement, the tender envisages a total of 6,621,121 square meters of land for the planning, construction, exploitation, and maintenance of a solar power plant at Briska gora, in the very south of Montenegro.
  • Laying the Foundations: ZF Group Building a Factory in Serbia

    The Karanović & Nikolić team, led by Senior Partner Marjan Poljak and Senior Associates ⃰ Ana Stanković and Ana Luković, advised ZF Friedrichshafen on the project of opening an electric vehicle parts factory in Pančevo, Serbia. The German company, a global leader specialising in the design, research and development, and manufacturing activities in the automotive industry, laid the foundations and began construction on 21 June 2018.
  • Harmonising the GDPR in Mauritius

    Mauritius is the first country in the southern hemisphere to have recently revamped its data protection legal regime by repealing the previous Data Protection Act 2004 (" DPA 2004 ") and adopting a new law, namely the Data Protection Act 2017 (" DPA 2017 ") following the adoption of the General Data Protection Regulation (Regulation (EU) 2016/679) (" GDPR ") in the European Union. 
  • Listing on the Emerging Companies Market of the Cyprus Stock Exchange

  • DORDA advises on the acquisition of Austrian office properties Denk Drei

    Stefan Artner , Partner and Head of the Real Estate Practice Group, and real estate attorney Klaus Pfeiffer of DORDA advised Austrian Real Estate Development GmbH ( ARE , a subsidiary of Bundesimmobilien-Gesellschaft, the Austrian privatization agency) on the acquisition of the Denk Drei office properties from IC Development . The successful closing of the forward purchase transaction took place on April 30, 2018. The parties have agreed not to disclose the purchase price.
    - Dorda
  • A closer look at Settled Status for EU citizens

    Following the release of more details of the UK Government’s scheme for a streamlined application process to grant EU citizens in the UK settled status to safeguard their position following the UK’s departure from the EU, our EEA immigration solicitors here at OTS Solicitors take a look at the post-Brexit position for EU nationals and what the settled status scheme entails in more detail.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to