Move over Brazil, there’s a new Latin American legal hot spot. During the past year, Littler Mendelson, DLA Piper, and Greenberg Traurig have opened offices in Mexico, joining the eight other Am Law 200 firms that have bureaus in the region, including Chadbourne & Parke, which opened there in 2008, and Baker & McKenzie, which dates its presence in Mexico to 1961.
What’s spurring firms to take an interest in Mexico is, in large part, the country’s growing economy: Gross domestic product increased 3.9 percent and 5.4 percent in 2011 and 2010, respectively. (By comparison, Brazil’s 2011 GDP growth rate has slowed to 2.8 percent after a high of 7.5 percent in 2010, and U.S. GDP growth was just 1.5 percent last year.)
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