Hogan Lovells is eyeing up a move into Mexico, as interest from global law firms in the Latin American markets continues to grow. 

The transatlantic firm confirmed it is considering opening in the country, with all options up for debate including an acquisition, an alliance and a joint venture. 

The news comes as it gears up for the formal launch of its Brazil base in Rio de Janeiro by the end of the year, after news of the office opening was first announced in February. 

A Hogan Lovells spokesperson said: "We're looking at a couple of different options, though we've not reached any conclusions.

"The way we would go into Mexico would depend on a vast number of factors. Generally our approach to moving into new areas is if we see a strong client demand from a particular country, we will respond."

Hogan Lovells' Miami office – from which the firm handles much of its LatAm energy and resources work – is thought to be the driving force behind a potential Mexico deal. 

The firm is also a member of the Pacific Rim Advisory Council strategic alliance, which includes Mexico law firm Santamarina & Steta, while the firm also has an office in Venezuela. 

Other international law firms in Mexico include White & Case, Jones Day and DAC Beachcroft, as well as DLA Piper, which launched in Mexico City last February, and Baker & McKenzie.