Claro & Cia. is widely lauded for its credentials in debt and equity offerings, liability management work, and regulatory-driven hybrid financings. The group is consistently sought out by issuers, underwriters and major shareholders to advise on Rule 144A/Reg. S international offerings, domestic placements, share repurchase programmes and secondary American depositary share sales. The department is co-led by Rodrigo Ochagavía, who routinely acts on high-value energy-related issuances; and José Luis Ambrosy, whose capital markets practice includes project bonds. The team further showcases Luisa Núñez, whose track record includes capital increases, tender offers and regulatory securities work; and Juan José León, who focuses on banking and capital markets regulations (including regulatory actions). The next line of key practitioners includes José María Eyzaguirre F, who in addition to his M&A, business organisation, finance, and corporate workload, advises on capital markets; while Nicolás Aspillaga and María Jesús Argandoña are key associates. Former partner Felipe Larraín left the firm in mid-2025 to join the judiciary.
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Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- Great level of commitment to their clients.
- Excellent firm, extensive legal knowledge, and great dedication to the interests of its clients.
- Knowledge, client focus, availability, and the ability to think outside the box.
- Deep technical knowledge, team’s capabilities, availability, and empathy with the client.
Key clients
- Latam Airlines Group
- Santa Rita
- Banco del Estado de Chile
- Sociedad Química y Minera de Chile
- Enfragen
- Grupo Marina
- Molibdenos y Metales
- Familia Müller
- Parque Arauco
- Toesca
Work highlights
Advised LATAM Airlines Group on a series of secondary public offerings of ADSs in the US, totalling approximately $2.6bn, as part of its post-restructuring return to the US capital markets.
Advised LATAM Airlines Group on share repurchase programmes totalling approximately $600m, representing up to 5% of its outstanding shares (executed on the Santiago Stock Exchange).
Advised AES Andes on the issuance of $400m 6.250% senior notes.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Rodrigo Ochagavía; José Luis Ambrosy