Firm Profile > Delvalle, Escalona, Levy & Corró > Panama City, Panama

Delvalle, Escalona, Levy & Corró
Midtown Building, Floor 10
Office 10-05A, 74 street
San Francisco, Panama City

Corporate and M&A Tier 4

Founded in February 2019, Delvalle, Escalona, Levy & Corró has already established a strong client base of leading domestic companies from sectors including aviation, energy, retail, telecoms and financial services. The team has experience handling due diligence and advising on M&A transactions and joint ventures. The firm's four founding partners Alberto Levy, Felipe Escalona, Diego Corró and Ricardo Delvalle, who draw on former experience both in-house and at leading Panamanian law firms, head the practice.


‘All DELCO lawyers are trained in the best universities and business schools in the world, and they are prepared to serve you with the diligence and quality of a large firm. In particular, Alberto Levy and Felipe Escalona are exceptional lawyers; they are very responsive and attend to you at any time. As well as legal advisers, they are true business advisers.’

‘DELCO stands out for its dedication and high quality of work. The firm offers fair prices. The experience of the four partners at large law firms in Panama, together with the fact that they are young and not afraid of the changes brought about by technology, makes DELCO a different firm from the rest.’

‘I highly recommend Alberto Levy and Diego Corró for corporate and M&A matters, Felipe Escalona for commercial and aeronautical work, which is a specialty that few people practise in Panama, and Ricardo Delvalle for commercial and energy matters. The four partners are very well connected in the country, and this, together with their high-quality work, will make DELCO one of the best firms in Panama in a couple of years.’

‘Felipe Escalona is ​​a great professional who always acts quickly, demonstrating his knowledge of the applicable law and internal procedures in Panama.’

‘Fabulous work, energetic and business driven. Bang-for-your-buck, they have a clear advantage.’

‘Alberto Levy and Felipe Escalona bring all the skills and experience of a large Panamanian law firm into a lean, modern way of lawyering.’

Key clients

Petróleos Delta

Turkish Airlines

Air Europa

N Solar

Gate Gourtmet


La Unión Publicitaria

The Oxford Schools

Workings Latam

Eversheds Sutherland

Delvalle, Escalona, Levy & Corró (Delco) is a full-service law firm focused on the recurring needs of operating companies, serving as a reliable business partner and an ideal alternative to traditional law firms. We strive to achieve a perfect balance between the classic and the modern: attorneys cut from the traditional school of commitment to service and the defense of client’s interests, while enjoying the operational flexibility afforded by technology.

Our streamlined and flexible platform allows us to offer tailor-made solutions, facilitating work with a broad range of clients, including individuals, startups, traditional enterprises seeking legal modernization, and highly sophisticated players requiring counsel for their operating interests or a specific transaction.

The firm is driven by innovation. We are constantly seeking feedback and advice from clients to provide a legal service that meets their current standards.  As such, clients can expect a friendly and dynamic approach to our legal services.

Our partners are business-oriented attorneys, offering solid advice on the basis of local and international studies in high-level institutions, and several years of work experience, having played key roles in transactions at the highest levels of complexity.

Main areas of practice
Administrative: The firm provides comprehensive assistance to clients in their relationship with the administrative authorities, managing permitting requirements as well as offering direct representation in ongoing matters. Delco advises clients in highly regulated sectors, such as the aviation industry, where a partner has achieved top-notch status as a specialist. Additionally, the firm has a growing practice in health, energy, and oil & gas.

Banking and finance: Delco provides advice to banks and financial companies in current and new business ideas, by providing a thoughtful interpretation of the law as well as creative structuring ideas and frameworks for innovative endeavors. Delco’s success in this sector is powered by previous experience within the banking industry.

Commercial and M&A: In perhaps the most important practice area, the firm handles individual and corporate commercial matters that make up the daily business of companies. Our cost-effective approach is highly regarded by our clients, who then seek advice in recurring issues, when they may have been priced out of receiving such advice with other firms. Delco has handled several acquisitions in the past years, including transactions with top players in education, health, real estate, financial services, and logistics, as well as transactions involving multiple jurisdictions.

Corporate and estate planning: The partners’ active role in the Panamanian business sector as well as their international relations serve as the engine for a thriving corporate and estate planning practice. Our firm offers a tailor made service in these regards, avoiding a traditional wholesale approach.

Real estate: The firm advises real estate developers throughout all phases of their development process: structuring, shareholder relations, land acquisition, permitting, construction contracts and assistance in the sale and transfer process. The firm also advises individual clients seeking to purchase property in Panama.

Other practice areas include dispute resolution, tax, technology, immigration, and labor. The firm also offers complementary services such as incorporations in offshore jurisdictions (BVI, Belize, Delaware), bookkeeping, payrolls, and virtual offices.

Department Name Email Telephone
Administrative Ricardo Delvalle
Aviation Felipe Escalona
Banking and Finance Diego Corró
Commercial and M&A Alberto Levy
Corporate and Estate Planning Felipe Escalona
Offshore services Felipe Escalona
Real Estate Alberto Levy
Tax Diego Corró
Photo Name Position Profile
 Diego Corró De La Guardia  photo Diego Corró De La Guardia Partner
 Ricardo Delvalle García de Paredes  photo Ricardo Delvalle García de Paredes Partner
Mr Felipe Escalona Boyd  photo Mr Felipe Escalona Boyd Partner
Mr Alberto Levy Abadi  photo Mr Alberto Levy Abadi Partner
Other fee-earners : 6
Partners: : 4