International firms allied with local Brazilian shops could see those relationships come under renewed scrutiny as the Sao Paulo Bar Association has concluded that the tie-ups could breach local practice rules, Legal Week reports.
The legal market in Brazil has been particularly active in recent months. Milbank, Tweed, Hadley & McCloy hired the head of Shearman & Sterling’s Sao Paulo office in April, only a few months after both Gibson, Dunn & Crutcher and Simpson Thacher & Bartlett announced they were opening offices in the city.
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