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Latin America has considerable potential for law firms, not only in Brazil, but also in other jurisdictions, according to Cuatrecasas, Gonçalves Pereira´s director of Portugal Frederico Pereira Coutinho. He adds that Africa and China are also significant sources of work.

Javier López Antón, partner at Jones Day, says that his firm will soon open an office in Colombia as it looks to capitalise on opportunities offered by the economies of the Pacific Alliance