After just three years in the market, Mexico City-based legal boutique Raz Guzmán has closed its doors and its attorneys have joined an international firm active in the country.

Raz Guzmán’s two partners, four associates and four clerks have moved over to Greenberg Traurig’s Mexico City office. Raz Guzmán was founded in December 2011. In July 2014, partner Guillermo Pérez Santiago left Raz Guzmán after just a year to join Galicia Abogados.

José Raz Guzmán and Miguel Moisés join Greenberg as shareholders. Raz Guzmán, who is now the managing shareholder of the Mexico City office, will work closely with its founding shareholders, Luis Rubio Barnetche, Juan Manuel González Bernal, Luis Octavio Núñez, and Daniel Saltzberg Koris. The international firm now boasts 60 attorneys in its Mexico City office.

Raz Guzmán says he made the decision to close the boutique and join Greenberg Traurig’s team because the Mexican economy is on track to offer opportunities, plus Greenberg Traurig had the resources to offer clients a variety of counsel that the boutique couldn’t provide.

“We have witnessed several important changes in the Mexican legal market in the last few years which are gradually changing the level of competition,” he said. “The expectations of Mexican and international clients with respect to the support that is required for their Mexican transactions are constantly increasing. We were attracted to Greenberg Traurig because of its proven success in the highly competitive U.S. and Latin American markets.”

Raz Guzmán represents lenders and borrowers in financings, and participates in local and cross-border debt and equity securities transactions for issuers and underwriters, as well as in tender offers, buyouts, and joint ventures. Before his tenure at Raz Guzmán, he was a partner at Mijares Angoitia Cortés & Fuentes from 2000 until 2011, a partner at Ritch Mueller from 1992 until 2000, and a foreign associate at Shearman & Sterling in New York from 1988 until 1990. He earned his law degree from Universidad Nacional Autónoma de México and his LL.M. from the University of Virginia.

Moisés focuses on banking and finance, M&A, and real estate. Before joining Raz Guzmán Abogados, he was senior counsel and compliance officer at GE Capital Real Estate Mexico. He was an associate at Mijares Angoitia Cortés & Fuentes from 2005 until 2007 and from 2009 until 2010, a visiting attorney at Gibson Dunn & Crutcher in Manhattan from 2008 until 2009, and a foreign associate at Barbosa Müssnich & Aragão Advogados in Brazil during 2007. Moisés earned his law degree from Escuela Libre de Derecho and his LL.M. from the University of Chicago.

Raz Guzmán and Moisés have advised EMX Capital on the acquisition of a majority stake in AG Convertidora, a manufacturer of flexible packaging. The duo also worked together to guide a syndicate of banks including Banco Nacional de México in the $630 million financing granted to Alsea for the acquisition of the restaurant chains in 2014.