Workflow for law firms in Angola unaffected by oil price drop – Raposo Bernardo

Significant M&A activity in the country is being complemented by numerous projects in the infrastructure, oil, real estate, energy and construction sectors

The fall in the price of oil has not had an adverse effect on the workflow of law firms operating in Angola, according to Nelson Raposo Bernardo, global managing partner at Raposo Bernado in Lisbon.
“The difficulties experienced in Angola due to the reduction of the price of oil has not dampened the opportunities for law firms,” he explains. “In fact, the opportunities that existed in recent years continue to exist and do so with great dynamism.” In addition to projects in the infrastructure, oil, real estate, energy and construction sectors, Raposo Bernado says there is also significant M&A activity. He attributes this level of deal flow to companies in Angola developing and reaching a level of sophistication that has begun to appeal to foreign investors.
“We’re finding that the most sophisticated foreign investor approaches the market by considering not only the traditional entry model in Angola, Mozambique or other Portuguese-speaking African countries – that is, through company incorporation – but also through the acquisition of existing companies or groups of companies,” Raposo Bernardo says. “And this is something completely new, and undoubtedly an opportunity for law firms.” In addition, the country’s legal market is finally reaping the rewards of structural investment, says Raposo Bernado. He adds: “Local [law] offices in Angola are now more sophisticated, having invested in technology and having gained experience from the knowledge exchange with Portuguese law offices, not to mention from the large flow of foreign investment.” However, he warns that prospects for the continued growth of Portuguese law firms in Angola are very much dependent on the adoption of a long-term strategy. Raposo Bernardo adds: “Those firms that have the objective of obtaining immediate results with zero investment will see a decline in business.”

Workflow for law firms in Angola unaffected by oil price drop – Raposo Bernardo

Garcia-Sicilia

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram