Felsberg adds corporate partner from Veirano24/04/2015
Latin Lawyer on-line
Friday, 24 April 2015 (1 hour ago) by Lulu Rumsey
Felsberg Advogados has hired João Carlos Anderson Corrêa de Mendonça as its new corporate and M&A partner ahead of what the firm predicts will be an uptick in foreign-led cross-border work due to current turbulence in the Brazilian market and relative weakness of the Brazilian real.
Mendonça, 34, was previously an associate at Veirano Advogados. He joined Felsberg’s São Paulo office with two associates on 13 April and increases to 14 the number of partners at Felsberg.
Alongside his corporate practice, Mendonça advises clients on administrative, compliance and banking and finance law. He also has experience in restructuring, joint ventures, due diligence, regulation and foreign investment.
In his new role, Mendonça will work alongside three partners in the firm’s corporate and M&A practice, but says the opportunity to expand his expertise beyond corporate and M&A work led him to make the move. “After 14 years of practice at Veirano, it was time to seek new challenges in my professional career. Being part of Felsberg will allow me to strengthen my relationship with my clients.”
Managing partner Thomas Felsberg says that current turbulence in the Brazilian market and relative weakness of the Brazilian currency is upping the number of foreign-led M&As taking place in the country and creating work for corporate reorganisation lawyers, which is why his firm decided to hire now. “Our strategy is to broaden the corporate group in our firm,” he says. “Last month, for the first time in many years, the number of foreign investor led M&As surpassed the number of purely domestic transactions of similar nature.” Despite pressures on its economy, Brazilian M&A activity has not dropped below 2012 and 2013 levels and experts have predicted that companies responsible for maintaining the level of M&A work in Brazil will continue to take a positive, long-term perspective about the country in 2015.
Veirano managing partner Pedro Freitas says Mendonça’s departure came after his firm changed the compensation system for its associates earlier this year. “We see it as natural that a few people will not identify themselves with the new system and will seek an alternative firm to practice law,” he says. “João was a fine associate at our firm, and a good person, and we want him to be happy in the new challenge”.