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There was no shortage of work in the area of Business Law in 2017, when the Brazilian economy began to recover from the economic crisis that began in 2014. Large operations in the sector, however, are still managed by a small group of law firms.
This is the analysis of Thomas Di Benedetto , manager of the international publication Leaders League in Brazil. The group's latest edition, Transactions & Deals: International Corporate Finance , provides an overview of the Brazilian corporate market and ranks the best banks in the sector.
According to Di Benedetto, in years that are B2B Lead relatively good for the economy, such as 2017, “there is work” for all types of offices that deal with Business Law. However, he points out that the market for large mergers and acquisitions is very concentrated.
“There are few offices that have experience with operations exceeding R$500 million. And even fewer are those who have the structure to organize something above R$1 billion. It's a very restricted 'club' of offices that gets this business.”
This year's edition brought two new categories: Capital markets and Bankruptcy and insolvency. Together, they represent Brazil's current economic scenario, says the Leaders League manager .
On the one hand, the strong increase in operations in the capital market – 10 companies went public on the São Paulo Stock Exchange last year, compared to three from 2014 to 2016 – demonstrates that there is a recovery underway. On the other hand, the high number of company recoveries and restructurings indicates that the positive tide is not yet so strong.
“The Brazilian economy is behaving like an accordion pulled from one side: one part has started to advance, but it will take time for this movement to take the rest of the group along with it. Unfortunately, this inertia does not exist in the case of crises, which can bring down entire sectors at once. In fact, falling is faster than getting up”, says Di Benedetto.
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發表於 2024-3-16 12:48:29