Firm Profile > Fischer y cia > Santiago, Chile

Fischer y cia
Av. Costanera Sur 2730
12th floor, Las Condes

Tax Tier 1

Baraona Fischer & Cía fields a 20-strong tax practice (of which 55% are women) that is led by Alex Fischer (a former co-head of Carey’s tax group), and includes senior partner Juan Manuel Baraona, who is widely recognised as a leader in tax matters. The team is further supported by partners Carolina CollantesIsabel Espinoza and Juan Cristóbal Ortega, who advise on a broad spectrum of tax-advisory areas, including general corporate matters, M&A, financing, transfer pricing, and estate planning and structuring. In addition, the firm boasts a tax-litigation team that benefits from senior legal counsel, Francisca Villamán (former legal head at the tax authority’s Large Taxpayers Unit); provides tax-compliance services, headed by Boris León; and houses a group of twelve auditors. Key senior associate support is provided by Juan Cristóbal Valenzuela. Since publication, the firm has announced its division (as of 1st January 2021) into two entities, with Baraona accompanied by Vilamán at Baraona Marshall & Cía, while the remainder -and bulk- of the tax team is now at Fischer & Cía.

Practice head(s):


An outstanding tax law practice with great knowledge of the market.

They know the tax system in its entirety, from the administrative sector to the judiciary, and they know the different tax systems prevailing in Chile, including the special regimes. This team stands out from other law firms.

Alex Fischer is a recognised expert in this area, with great technical ability and an extraordinary ability to explain the particularities of local regulations to foreign clients, including in criminal tax matters.

Carolina Collantes is an excellent professional with strong analytical skills and deep knowledge of her field.

Key clients

Banco de Chile

Banco de Crédito e Inversiones

City National Bank, Florida

Banking and finance Tier 4

Baraona Fischer & Cía fields a team of ten attorneys, who are experienced in project finance. Particular strengths lie in the financing of public works for hospitals, infrastructure and distribution lines, as well as energy generation plants. The group also assists with M&A finance and banking regulations. Practice head Raúl Marshall is a specialist in syndicated financing involving high-scale projects; since publication, with the spin-off of Fischer & Cía, he has become name partner at the new Baraona Marshall & Cía., effective as of 1st January 2021.

Practice head(s):


Baraona Fischer’s team, especially Raúl Marshall, is excellent. The ability to provide not only legal services, but also advice and business insight is exceptional, allowing us to make many innovations in the way we do business.’

The main difference with competitors is that the Baraona team focuses not only on finding problems, but on solving them and giving their clients a real account of the risks and options they have when negotiating different financings. We value this knowledge, which is mixed with a mental flexibility when attacking problems.’

Key clients

AD Capital Gestora de Fondos de Inversión

Banco Itaú

Banco Security

Banco Santander Chile

Banco Estado

AFP Habitat

Corporate and M&A Tier 4

The September 2018 hire of Alfonso Ugarte appears to have aided the consolidation of Baraona Fischer & Cía's now 23-strong department, which assists clients with their corporate legal needs both on a daily basis, including commercial contracting, labour matters and compliance, and are larger strategic matters such as mergers, acquisitions, business associations, joint ventures, tenders, asset sales and purchases, and bidding processes. In addition to Ugarte, the key names are practice head Juan Pablo Baraona and veteran corporate practitioner Federico Rodríguez. Associates Gonzalo AravenaMaría Jesús Hernández and Fernanda Anguita, who arrived from an in-house position in November 2019, are all noted. Since publication the firm has announced that it will split in two -Baraona Marshall & Cía and Fischer & Cía, respectively- as of 1st January 2021; Ugarte, however, is moving to Cuatrecasas' new office as part of its nacscent corporate practice, with Fischer & Cía hiring former Prieto Abogados-partner, Gerardo Cruzat as head of both its corporate and banking & finance practice.

Practice head(s):


It is a good office that is very commercial and always trying to find solutions to problems. It compares very well with other offices.

The team’s strengths are to provide a comprehensive service for all the corporate needs of clients, involving and contributing various expertise associated with the operation of a company.

It is a very professional team with a good response capacity. All the members are characterised by having a comprehensive view of the business when addressing problems, and their creativity and flexibility in delivering concrete solutions.

The plus of the lawyers is that they are constantly available to clients, providing immediate advice. They also have a strong business vision, which allows their advice and work to be adapted to the specific needs of the client.

The team is always available and attentive to the questions and issues that we need to resolve. And most importantly, they provide simple and effective perspectives and solutions. The entire team has the best technical qualities.

Accessibility and prompt responses are highly valued- they manage to make complex questions simple.

Alfonso Ugarte is an excellent lawyer.’

Key clients

Fondo de Inversión Privado AD Capital Tralka Energías Renovables


Ardian France

Softbank Group

The Not Company

General Motors


BAT Chile

CMR Falabella

TMF Group

Electricity and hydrocarbon

Baraona Fischer & Cía's energy, mining and natural resources practice advises energy producers and distributors, engineering companies and lenders on M&A, project finance and structured finance deals. It is led by experienced regulatory and transactional natural resources partner Federico Rodríguez, who is particularly focused on the energy, salmon and mining sectors. Since publication the firm has announced its division into Fischer & Cía and Baraona Marshall & Cía, effective as of 1st January 2021, with Rodriguez remaining at the latter firm.

Practice head(s):

Key clients

Fondo de Inversión Privado AD Capital Tralka Energías Renovables

Baraona Fischer & Cia is a leader among top-tier legal firms. Its recognized tax, corporate and finance teams are known for providing effective solutions in a fast-changing business and regulatory environment.

The firm gathers a diverse professional team in various practice areas, with a commitment to excellence, innovation and team work. It is led by partners and senior associates with a vast and prestigious professional background in Chile and abroad, combining highly innovative, comprehensive and business-oriented solutions, with close, reliable and continuous legal support to its clients.

Baraona Fischer & Cia’s tax practice is led by its senior partner Juan Manuel Baraona, and headed by Alex Fischer. Both have been consistently ranked, along with the firm as a whole, in the top-tier of most international law firm rankings; as well as being elected as ‘Firm of the Year’ in some of them. Partners Carolina Collantes, Isabel Espinoza, Boris Leon and Juan Cristobal Ortega are actively engaged by major local and international clients in a broad spectrum of tax-advisory areas, including general corporate matters, M&A transactions, financings, transfer pricing and estate planning and structuring. The firm also boasts a tax-litigation team that, with a conflict-resolution approach, is regularly engaged in complex and high-profile matters.

Also, Baraona Fischer & Cia is the only law-firm providing tax-compliance services as an integral part of its tax team. The increasing complexity and sophistication required to comply with tax laws and regulations is key to the strategic decision of integrating tax-compliance services to tax advisory practice.

The general corporate practice is led by founding partner Juan Pablo Baraona. The firm has advised and counseled local and international clients in numerous transactions involving mergers, acquisitions, business associations, joint ventures, tenders, sales and purchases of assets, bidding processes, tender offers, in all sort of economic sectors and industries. Additionally, it has led the structuring and development of venture capital and private entrepreneurship projects of all sizes and in all areas of industry, providing innovative and creative solutions in each case.

The financing and capital markets team has earned significant experience participating in several projects, including financing facilities in a broad array of types, purpose and complexity. It has also actively partaken in the developing banking regulation, derivatives, governmental and corporate financing, capital markets projects and in the trading of securities, bonds and commercial papers. It has worked in pioneering projects such as securitizations, negotiable instrument offerings and synthetic structures; together with advising on bills of law and legislature for different administrations.

Altogether, Baraona Fischer & Cia offers a reliable and solid support to its clients in all areas of general corporate practice, whether on specific matters and cases or their permanent needs within their regular business activities. The firm’s practice covers commercial contracting, labor matters, compliance and in general all such aspects pertaining to the corporate legal needs, with a permanent and consistent focus on the clients’ strategies and legal risk management.

In all, Baraona Fischer & Cia is a major player within the business-law service market, offering the full spectrum of business-oriented legal solutions.

Department Name Email Telephone
General Corporate Practice Juan Pablo Baraona E:
Venture Capital Juan Pablo Baraona E:
Litigation Juan Pablo Baraona E:
Tax Advisory, Tax Litigation Juan Manuel Baraona E:
Energy, Mining and Natural Resources Federico Rodríguez E:
Private Equity Federico Rodríguez E:
Financing and Capital Markets Raúl Marshall E:
Tax Compliance Boris León E:
Tax Advisory, Tax Litigation, Private Wealth Alex Fischer E:
Mergers & Acquisitions Cristóbal Herrera E:
Transactions Gerardo Cruzat
Private Wealth Carolina Collantes E:
Tax Advisory, Tax Litigation, Private Wealth Isabel Espinoza
Tax Advisory, Tax Litigation, Private Wealth Juan Cristóbal Ortega
Other fee-earners : 13
Total staff : 75
Partners : 11