
Establishing itself in Mexico via the July 2024 absorption of González Calvillo, the Mexican team at Madrid-headquartered Pérez-Llorca advises on joint ventures, strategic alliances, M&A transactions, spin-offs, privatizations, corporate restructurings and the purchase and sale of stocks and assets. Corporate governance and the implementation of special purpose vehicles are additional areas of focus. Multinationals operating in the financial services, insurance, energy and retail sectors routinely look to the group for support. Leadership of the practice is entrusted to Mexico national practice chair Jorge Mondragón, who can draw on extensive experience in corporate, commercial, technology and business retail matters; and Bernardo Reyes Retana, who majors on banking and finance, capital markets, M&A and private equity mandates. Additional key contacts include José Ignacio Rivero Andere (banking and finance, M&A, capital markets transactions); 'trusted advisor and leader in his field' Jorge Cervantes Trejo (M&A, private equity, project finance, energy and infrastructure); Rodrigo Rojas Robleda (project finance, private equity, corporate and M&A); and counsel Alberto Bustamante (M&A, corporate finance and fund formation). Recent changes to the composition of the team include the November 2024 departure of Hernando Becerra de Cima. However, January 2025 saw the arrival of María Esther Rey and María Teresa Paillés - transactional and real estate specialists, respectively - from SMPS Legal; and the promotion of Jacinto Ávalos and Jerónimo Ramos Arozarena to the partnership. In February 2025, the corporate, transactional and financing capabilities of the firm's Monterrey office were reinforced with the hire of Ricardo Morales Barrón from EC Rubio.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'We have had the opportunity to work closely with the Pérez-Llorca team on complex cross-border transactions and have always been impressed by their full-service capabilities, commercial judgment, and collaborative approach. The team consistently delivers advice at the highest level and stands out as a go-to firm for sophisticated M&A, financing, and regulatory matters in Mexico. They are counsel we would confidently turn to for the most complex and high-stakes transactions in the Mexican market.'
- 'Jorge Cervantes Trejo is a senior statesman in the Mexican legal market with unparalleled insight into strategic M&A, financing, and regulatory issues. His experience and perspective are invaluable on challenging matters, and he brings a calm, thoughtful presence to even the most dynamic deal environments. Jorge’s ability to marry technical excellence with practical solutions makes him a trusted advisor and leader in his field. It has been a pleasure to continue our joint work with Jorge.'
Key clients
- Aleatica
- Arthur J. Gallagher Insurance
- Atlas Holdings
- Aerocharter
- Bunzl
- Bain Capital Credit
- Banco Bradesco
- Carhartt
- Grupo Hunan
- Grupo Crédito Maestro
- Grupo Frondoso
- GVS
Work highlights
Advised IFM Investors and Aleatica on the take-private transaction of Aleatica.
Advised Bain Capital on the Mexican law aspects of the agreement to secure a strategic minority investment in MRO Holdings, a provider of aircraft maintenance solutions for the global commercial airline industry.
Advised Saavi Energía on the acquisition of a Mexican company whose underlying asset is La Lucha solar plant in Durango, Mexico, for a purchase price of approximately $151m.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Jorge Mondragón; Bernardo Reyes Retana
Other key lawyers
José Ignacio Rivero Andere; Jorge Cervantes Trejo; Rodrigo Rojas Robleda; María Esther Rey; María Teresa Paillés; Jacinto Ávalos; Jerónimo Ramos Arozarena; Ricardo Morales Barrón

