Garrigues integrates Mexican firm Sánchez Devanny
Garrigues and the Mexican law firm Sánchez Devanny have agreed to integrate by the end of the year, with Garrigues holding 100% ownership of the resulting entity. According to a press release, the merger is strategically aligned in terms of areas of activity and geographic presence, aiming to create one of Mexico’s largest law firms with approximately 160 professionals, including partners, and offices in Mexico City, Monterrey, and Querétaro.
Significant synergies
The transaction is expected to generate significant synergies by leveraging Garrigues’ international capabilities with Sánchez Devanny’s extensive knowledge and experience in the Mexican market. Following the integration, Sánchez Devanny’s general partners will become partners at Garrigues.
Mexico will become Garrigues’ second-largest market after Spain post-integration, coinciding with substantial capital flows between the country, the U.S., and Europe. The merger also strengthens Garrigues’ position in Latin America, complementing its presence in Chile, Colombia, and Peru alongside Mexico. The integration, slated for the fourth quarter of this year, is contingent upon confirmatory due diligence, final contractual agreements, and approval from the relevant governing bodies of both firms.
Sharing goals
“The two firms share the same goals for the Mexican market and the same approach to practicing business law, rooted in service excellence, ethical commitment and an innovative mindset. The clients of the two firms will be the main beneficiaries because, besides continuing to receive the same service, they will also have access to more practice areas and more robust teams. I am sure we will do great things together. I want to take this opportunity to welcome every Sánchez Devanny professional to Garrigues”, announced Fernando Vives (pictured), Garrigues’ executive chairman.
Rafael Villamar, managing partner of Sánchez Devanny, added that “we are pleased to be able to form part of Garrigues and to bring all our knowledge and experience. This integration is a very important step; the combination of our two firms places us in a leading and trusted position in the Mexican market and the possibility of offering our clients a single platform to handle all their Latin American matters, now with our offices in Mexico, Colombia, Peru and Chile.”
