This is a natural extension of the top-tier work we have been doing throughout the region for years. Brazil is certainly a very significant market for our clients, and for us, and we are delighted to be there.
New York (PRWEB) October 1, 2008
Allen & Overy LLP today announces the launch of an office in São Paulo, Brazil, further expanding its reach in Latin America and underscoring a longstanding commitment to the region. Allen & Overy's presence elevates an already vibrant Brazilian practice encompassing 25 lawyers throughout its global network working on Brazilian transactions. The new office in São Paulo will undertake all areas of corporate finance work, including infrastructure and projects, general banking and funds advisory work, M&A and capital markets activity.
Allen & Overy's practice in Brazil is spearheaded by New York partner and co-head of the Latin American practice, Bob Kartheiser, and senior counsel Bruno Soares. A number of senior associates on the ground locally support Bob and Bruno, and other Allen & Overy attorneys active in the Brazilian market around the firm's global network. Commenting on the opening, Bob said, "There was a clear client-driven-need to open in São Paulo. Brazil is a very large, very dynamic market. Servicing our clients there requires a day-in, day-out presence and specialized dedication of resources. We are excited to provide that."
The opening of a Brazilian office reflects Allen & Overy's long-term investment in Brazil and the broader Latin American region. The São Paulo office is a natural outgrowth of the Brazil and Latin America-related transactional work that Allen & Overy has been delivering for decades across its global network of offices. Allen and Overy's clients have an increasingly deep involvement in business in Brazil, and its Brazilian clients are increasingly active abroad. Because market demands have changed so much in recent years, both in terms of the volume of transactional work and the presence in Brazil of key transaction teams and decision-makers, an official presence in Brazil is essential to ensure Allen & Overy is supporting the business needs of its client base.
David Morley, senior partner at Allen & Overy said, "This is a natural extension of the top-tier work we have been doing throughout the region for years. Brazil is certainly a very significant market for our clients, and for us, and we are delighted to be there."
For further information please contact Jaime Bruck (jaime.bruck @ allenovery.com) at +1 646 344 6675.
Notes to editors
1. Allen & Overy is an international legal practice with approximately 5,500 staff, including some 500 partners, working in 30 major centers worldwide.
2. In this press release 'Allen & Overy' means Allen & Overy LLP and/or its affiliated undertakings.
3. The term 'partner' is used to refer to a member of Allen & Overy LLP or an employee or consultant with equivalent standing and qualifications or an individual with equivalent status in one of Allen & Overy LLP's affiliated undertakings.