Practice area

IFLR1000 Reviews


Competition authority: National Economic Prosecutor & Tribunal for the Defense of Free Competition

Financial regulator: Superintendency of Securities and Insurance (SVS) 

IFLR1000 ranking categories in this jurisdiction: 

Banking, Capital markets, M&A, Project development

Jurisdiction overview

Chile’s legal system is derived from the Civil law model. The Chilean Civil Code was enacted in December 1855 and put into practice January 1857.

Lawyers in Chile are licensed by the supreme court. Lawyers can be a part of the Colegio de Abogados de Chile. Foreign lawyers cannot practise Chilean law, but they can advise on public international law. Foreign lawyers do not need to register in Chile. Foreign lawyers do have the option of re-qualifying in order to practice Chilean law.

Some global firms such as Baker & McKenzie have a presence in Chile, but the market is mainly populated with local firms some of whom have an international presence through networks and alliances.  

In January 2015, the market saw its first international merger when Chilean firm Philippi Yrarrázaval Pulido & Brunner and Colombian firm Prietocarrizosa, in association with Iberian law firm Uría Menéndez merged to create Philippi Prietocarrizosa & Uría. 

Financial and corporate
Aninat Schwencke & Cía

Aninat Schwencke & Cia’s strength lies in its M&A and project development practices, but the firm also maintains an active banking and finance practice. 

In capital markets, the firm acted as counsel to Citigroup Global Markets and JPMorgan Securities in regards to ENAP’s $700 million bond issue. Other key clients in capital markets include Esval and CAP. The firm also advises the likes of Andes Mainstream and Creación Financial Services.

Client feedback

“We value the professional and integral consultancy that their lawyers give us.” - Project finance

Luis Alberto Aninat

“He is a great professional who has a lot of expertise and knowledge in his field. His advice is very clear and smart.”

Baker McKenzie

Baker McKenzie has a strong M&A practice and is also active in capital markets and banking. The firm’s capital markets team advises clients with offering employee stock plans. The Bank of Tokyo-Mitsubishi is a key client for the firm’s banking practice, and the banking team has advised the bank on several loans. Other key clients include Credit Suisse, Banco Security and LafargeHolcim. 

Client feedback

“The attorneys at Baker & McKenzie in Chile were a pleasure to work with. They were knowledgeable, helpful and always looked out for our best interest. They provided excellent counsel in a complicated and shifting landscape.” – Real estate finance 

León Larrain 

“Completely professional, well versed in all areas we hired him for, great communicator, fair negotiator, pleasant to work with.” 

Barros & Errázuriz Abogados

Barros & Errazuriz Abogados has a leading M&A and capital markets practice, as well as a strong banking practice.

The firm’s banking team has worked on project finance, debt restructuring and corporate finance.

The firm’s capital markets team has advised on a mix of investment funds and debt capital markets work. 

In M&A, the firm has advised Grupo Inde on the sale of a minority stake in Falabella.

Staffing changes include partner Gonzalo Molina re-joining the firm after a sabbatical.

Key clients include Interchile, Southern Cross Group and Citigroup Global Markets.

Client feedback

“Very professional and hard working. Good knowledge of legal matters. Very good team. Their lawyers are very professional and they normally hire the best in the market. The only problem they have is that they have become victims of their success and that means that they are not always available.” – M&A

“Excellent all-rounder.”  - M&A

Enrique Barros

“Best in-class and a rising star.”

Pablo Guerrero

“Outstanding, excellent negotiator, in depth understanding of interactions of business and legal issues.”

Bernardo Simian

“Fast, intelligent and focused.” 

Bofill Mir & Alvarez Jana Abogados

Bofill Mir & Alvarez Jana Abogados is a strong M&A firm, particularly in the mining sector. The firm also has a strong finance practice.

The firm’s finance team has advised investment funds and worked on bond issues, refinancings and acquisition finance.

Key clients include Pacific Hydro, Enjoy and Antofagasta Minerals.

Client feedback

“Very professional firm, lawyers with a strong knowledge that walk all the way with the company, in every aspect, till the work is done.” – M&A

“I believe that the work of M&A and consulting to negotiate partnerships and contracts is at highest level, demonstrating seriousness, emotional intelligence, empathy, and a total commitment of the lawyers involved with the issues addressed. They have really been a facilitator to carry on negotiations and business. The ratio of price against quality is excellent. The main thing one finds here is serious and very technical work, in addition to the total involvement of the main lawyers or partners when situations demand it.” – M&A

“Good mix between their knowledge of the natural resources sector and private equity M&A.”  - M&A

Octavio Bofill

“His main qualities include his total commitment to the work he performs, He has great negotiating capacity, great technical and legal knowledge, along with a very good ability and mathematical-financial understanding of the business which helps us have successful negotiations.”

Pablo Mir

“Incredibly well connected, pro-deal lawyer.”

Manuel Sánchez

“Excellent lawyer, solution orientated, knows my business and the importance of the deal.”


Carey is generally considered a leading player across the board in financial and corporate work. The firm has been busy in the banking and renewable energy sectors.

The firm’s banking team has advised a mix of borrowers and lenders on project finance, acquisition finance, refinancing and corporate finance.

Within capital markets the firm has worked on debt securities, secondary share offers and derivatives. The firm has provided regulatory advice to clients.

The firm’s M&A practice has seen several high-value, cross-border M&A transactions such as the sale of Pacific Hydro to State Power Investment Corp.

Over the research period, the firm saw the departure of banking partner Juan Guillermo Levine.

The firm has advised the likes of SunPower and the IFC.

Client feedback

“Excellent work and highly prepared lawyers.”  - M&A

“The reliability, quick reaction and response and solid knowledge of the corporate, private equity and investment funds team at Carey (as well as the other teams from different practice areas) are key factors that make it impossible for us to think twice when looking for external legal advice.” – Banking and finance, M&A

“We are very impressed by the work done by Carey in our transactions in Chile. The team led by Francisco Ugarte has been instrumental in the successful closing of M&A deals over the past year. Carey assisted us in legal due diligence (including corporate, labour, environmental, litigation, etc.), as well as deal negotiation and drafting of legal documents. Carey also assisted in creating local corporations. More than our local law firm, Carey has been our local business partner.” – M&A

Alejandra Daroch and Jorge Ugarte

“They worked with us in our transactions, both with great care for detail and legal skill. They are highly regarded by our deal teams.”

Cristián Eyzaguirre  

“A brilliant business oriented lawyer, always committed to proposing practical solutions to achieve the best deal for all the parties.”

Francisco Ugarte

“Francisco led our M&A transactions and his work was instrumental in getting the deals done. He developed a great working relationship with all parties involved in the transaction which facilitated the negotiation. He managed highly complex matters with great skill.”

Cariola Díez Pérez-Cotapos & Cía

Cariola Díez Pérez-Cotapos & Cía has a leading M&A practice and a strong banking, finance and project development practice. Energy has been an active sector for the firm.

The firm’s banking team has advised borrowers and lenders on project finance, acquisition finance and corporate finance.

In capital markets, over the research period, the firm has primarily advised issuers on bond issues and on a capitalisation.

The firm’s M&A team has worked on both private and public acquisitions.

The firm’s project development practice has seen transactions both involving renewable energy (such as wind and solar) and non-renewables (coal and LNG).

Key clients include Empresa de Transporte de Pasajeros Metro, Southern Cross Group and Enel.  

Chirgwin Larreta Peñafiel

Chirgwin Abogados has worked on contracts and joint ventures. Transportation has been an active sector for the firm. 

Andres Chirgwin

“Very good, very responsive. Would benefit from staff adopting same approach and more forward planning.”

CMS Carey & Allende

CMS Carey & Allende has active banking and M&A practices. The firm’s banking team has worked on refinancings, credit restructurings and project finance. 

In M&A, Carey & Allende advised Enagás Chile with its $400 million acquisition of GNI Quintero.

In January 2017, Santiago-based Carey & Allende became part of international firm CMS. 

The firm advises the likes of Banco Popular Español, Empresas Aqua Chile, Socer and SolarPack Corparación Tecnológica.

Client feedback

“The firm provides practical solutions and identifies the critical risks in an operation.”  - M&A 


Bahamondez Alvarez & Zegers (BAZ) has a particularly strong foothold in M&A, mining, and infrastructure. The firm has also been active in the energy sector, particularly in renewable energy.

The Santiago-based firm has recently entered into a cooperation agreement with DLA Piper, effectively becoming BAZ|DLA Piper. This agreement means that BAZ receives access to the global network of DLA Piper, but is able to still function as an independent firm. 

The firm advises the likes of Constructora Excon and Tuten.  

Client feedback

“BAZ-DLA Piper really stands out. They are a really innovative and modern law firm. It is really easy to work with them, they really understand the business needs and times involved in decision making process.” – M&A 

Marco Salgado

“He is great leader of his team, and a great lawyer. He is also paying attention to the deal currently being developed and always stays in touch in order to be able to fix any hard point. Outstanding work!” 


Garrigues Chile has a solid banking, project finance and capital markets practice, and is also active in M&A. Garrigues entered Chile in May 2016 when it absorbed Avendaño Merino and soon after added banking partner Pedro García from Morales & Besa. In addition to this, the firm has added four associates to its banking team. 

Within banking, the firm advised Banco de Chile, Banco de Crédito e Inverdiones and Banco del Estado in their $111 million financing to Transmisora Eléctrica del Norte. 

Other key clients include Empresa Nacional del Petróleo (ENAP), Caja los Andes and Sumitomo Mitsui Banking.

The firm’s M&A team has primarily advised acquirers over the research period. 

Guerrero Olivos

Guerrero Olivos has a strong banking and M&A practice. Over the research period the firm has been active in the energy and food and beverage sectors.

The firm’s banking team has worked on project finance, capital increase, swap agreements and has provided financial regulatory advice to banks.

The firm’s M&A team has advised on a mix of corporate restructurings and acquisitions.

The firm hired Miguel Coddou as a banking and finance senior counsel from Rabobank during the research period.

Key clients include Empresa de Transporte de Pasajeros Metro, Telefónica Group and Femsa.

Client feedback

“Great professionals, detailed and quick response.” – M&A

“Guerrero Olivos provides a top level service.” – M&A  

Roberto Guerrero

 “A lot of experience and seniority.”

Tomás Kubick

“He is a great lawyer always available for communication and resolves our problems.”

Pedro Pellegrini

“I have nothing but positive comments for Pedro. He is always available and provides assistance immediately, with a very high quality service. He has been extremely supportive in the initiation of operations of the company in Chile and has provided the best assessment in the different areas consulted, always provides immediate attention and available to assist. It is a real pleasure to work with Pedro and his team.”

Larraín & Asociados

Larraín & Asociados has a strong project development practice. The firm has worked on projects and bids in the power, renewable energy and transport sectors. The firm also has an active banking and M&A practice.

Santiago Solar, BancoEstado and Glencore are key clients of the firm.

Client feedback

“Hard-working, easy to deal with lawyers.” – Project development

Francisco Cerda

“Hard-working, fully committed to the task at hand.”

Philippi Prietocarrizosa Ferrero DU & Uría

Philippi Prietocarrizosa Ferrero DU & Uría is a leading banking and capital markets and project development firm with a strong M&A practice. The firm has been active in the energy sector over the research period.

The firm’s capital markets team has advised both underwriters and issuers on equity and debt capital markets issues. The firm advised on the first IPO in the country in three years.

In banking, the firm advised both lenders and borrowers on secured and unsecured credit facilities, many of which were project finance transactions.

Citibank, ABN AMRO and Samsung C&T Corporation are notable clients.

Client feedback

“In general I had a satisfactory experience working with them. They have been thorough and patient.” – Competition

“Outstanding level of service. The firm is proactive and committed.” - M&A

“Good industry knowledge and contributions to solving problems.” – Project finance 

Federico Grebe

“Great person and outstanding professional.”

Ignacio Larraín

“Quick to answer and deal with our queries.”

Alberto Pulido

“Very knowledgeable about corporate and finance issues. Understands very well the commercial aspects and scenarios.”

Carlos Alberto Reyes

“Excellent professional and personal individual.” 

Urenda Rencoret Orrego & Dörr

Urenda Rencoret Orrego & Dörr has an active project development, banking and M&A practices.

Within project development, the firm has been active in the real estate and power sectors. The firm has also been very active in the mining sector.

BHP Billiton is a key client and the firm has completed many of its most prominent banking transactions through its relationship with the mining company. The Bank of New York Mellon is another key client in banking.

Nicholas Mocarquer

“Nicholas Mocarquer is excellent for finance-related matters. Nicholas provides timely, clear advice and understands our business objectives well.”