“TX Law Firms Gear Up for Booming Mexican Legal Market”
Cross-border corporate lawyers Carlos Valencia and Tatiana Escribano are two of the most sought after legal advisors in Mexico.
Two years ago, they were partners at Dallas-based Thompson & Knight’s Mexico City office when they decided to move their practice to DLA Piper, a 4,000-lawyer firm headquartered in Chicago and London. Two weeks ago, Valencia and Escribano switched firms again, joining global giant Baker & McKenzie. Headhunters predict other law firms will attempt to poach the pair yet again within a few months.
The legal market in Mexico is heating up as law firms jockey for position to attract corporate clients seeking to invest tens-of-billions of dollars or more when Mexico fully implements its energy reforms in the months ahead.
“We’re seeing not only Texas-based firms coming into Mexico, but also other international firms looking to establish a presence in Mexico,” said Gabriel Ruiz, the partner in charge of Thompson & Knight’s Monterrey office, which opened in 1994. “And we’re seeing that they’re going about it in different ways.”