The year has kicked off with news of two high-profile hires at Am Law 100 firms that strengthen their capabilities in Latin America.
DLA Piper has recruited Margarita Oliva Sainz de Aja from Baker McKenzie to serve as its banking and finance regional head for Latin America, based in New York. And McDermott Will & Emery has expanded its cross-border transactions practice with the addition of Mayer Brown veteran Christian Fabian as a partner in Chicago.
Christopher Paci, the New York-based chair of DLA Piper’s U.S. Capital Markets practice and a member of that firm’s core Latin America leadership team, said the hiring of Oliva Sainz de Aja will benefit clients across DLA’s global platform.
“Margarita brings more than two decades of wide-ranging experience advising financial institutions and sponsors on financing transactions across Latin America,” said Paci.
Oliva Sainz de Aja said DLA Piper’s commitment to Latin America is what most attracted her to the firm. “DLA Piper has a very strong finance practice globally and a particular strategic commitment and focus in Latin America,” she told Law.com International via e-mail.
McDermott’s hiring of Fabian, whose practice focuses on mergers and acquisitions and private equity with particular expertise in cross-border transactions involving Latin America, comes on the heels of 20 high-profile partner hires by its transactions group in 2020.
“Christian’s experience leading international businesses and equity sponsors through significant cross-border transactions builds on our transactions strengths, particularly in the Latin America markets,” said Harris Siskind, global head of McDermott’s transactions group.
The moves coincide with anticipation that lawyers will handle yet more restructuring work in Latin America this year and see an increase in mergers and acquisitions as distressed assets come onto the market. Also, private equity firms such as Advent International and Blackstone-backed Patria Investimentos each have $2 billion earmarked for investments in Latin America.