Manager of the legal and the general secretariat division | Banco GNB Perú
Focus on: The career of Miguel Angel Raygada Castillo Miguel Angel Raygada Castillo graduated from the Pontifical Catholic University of Peru, and is a recognised expert in financial regulation, legal...
It was a particular honour to lead the research for The Legal 500 GC Powerlist: Peru, 2023, covering the best in-house legal talent within the region. The great enthusiasm of the lawyers that we spoke to was outstanding and inspiring, but the sheer level of innovative work that has been carried out in this region is even more spectacular. Interviews in this edition touch on the challenges that esteemed counsel have faced in the past year, the impact of technological advancement on legal work, and causes, business related or otherwise, that the in-house lawyers are passionate about.
In-house counsel in this edition shared their biggest struggles of the past years, and the ways that they overcome such struggles, highlighting their immense ability to be flexible and adapt to the fast-changing legal and economic environment. This was emphasised by Carlos Zapata Zegarra, head of legal and compliance at Bosch (BSH Electrodomésticos SAC), who stated that, ‘On top of the non-optimal worldwide context, the political crisis in Peru and the region, in general, led us to massive challenges.’ Raúl Pizarro, legal director at Backus Corporative highlighted the challenges of the ever-evolving role of in-house legal counsel, stating that ‘The in-house legal department of a large corporation is no longer classified as a back-office service, our role is clearly leading, our internal clients need us on the front line, by their side, actively participating in business decision-making, identifying risks, managing contingencies and promptly activating the measures envisioned by law to keeping active the license to operate and commercialise.’
In spite of the overall uncertainty of global and local markets following the Covid-19 pandemic, esteemed counsel in this publication were delighted to share how technological advancements will benefit the role of in-house counsel in the near future. Javier Durand Planas, general counsel of Cementos Pacasmayo, emphasised this point, stating that ‘AI and machine learning will definitely continue to help in the automation of legal processes for instance through smart contracts, which will automate repetitive and low-complexity tasks, enabling legal teams to focus on more strategic and complex issues.’ However, this advancement does not come without potential challenges, as emphasised by Patricia Kosa Muñoz, legal and compliance director at Gold Fields La Cima, who stated that ‘These advancements may introduce new challenges such as data privacy and cybersecurity concerns. As legal professionals, we must remain abreast of legal and regulatory changes in the technology space and utilise our knowledge to provide guidance to the company.’
In-house counsel also took the time to share a cause, business related or otherwise, that they care about and why. The answers to this question were truly insightful, showing the passions and personality of the in-house lawyers in Peru. Responses included gender equality, ESG, diversity and inclusion, and health and safety within the business.
We would like to congratulate and thank all the in-house counsel featured in this edition on their incredible achievements in the legal industry, and on joining the list of hundreds of the most trusted, effective and innovative in-house lawyers across the globe. It was a pleasure to speak to all included and gain insight into the markets of Peru.
Elena Lewis | Lead researcher: GC Powerlist Peru 2023
The GC Powerlist event in Mexico City 2023 celebrated the remarkable GCs of Mexico, recognising their commitment, hard work, and innovative drive in the legal profession. In-depth interviews previously conducted by The Legal 500 revealed a strong GC focus on ESG, Diversity and Inclusion, and nearshoring. Furthermore, they highlighted how essential teamwork is for the legal departments to achieve the best outcomes. The event took place at the Ritz Carlton, overlooking the stunning castle of Chapultepec. GCs were awarded for their exceptional dedication to integrating strong ethical principles, fostering diversity, and implementing strategies within their organisations. The atmosphere at the GC Powerlist event was buzzing with lively discussions with passionate GCs engaged in dynamic conversations. The excitement was palpable as attendees shared their experiences, insights, and innovative approaches to the evolving legal landscape. The vibrant interactions and animated debates showcased the shared commitment of the GCs to push the boundaries of legal practice and adapt to the ever-changing demands of their roles.
Conversations flowed seamlessly, driven by dedication and eagerness to learn from one another. The diverse range of perspectives and the breadth of expertise in the room sparked intense discussions on critical topics, from ESG integration and diversity initiatives to the nuances of nearshoring strategies. The atmosphere was not only charged with intellectual fervor but also infused with a genuine desire to shape a more inclusive, sustainable, and efficient legal ecosystem.
A warm thank you to Creel, our sponsor, who made this brilliant event possible.