Monday, 19th July 2010 by Clare Bolton

Levy & Salomão Advogados′ Eduardo Salomão Neto says the departure of a number of partners over the last month was one phase in a reshuffle which is also seeing a number of additions to the firm.

"Some lawyers have left our firm in connection with a planned and anticipated restructuring of our practice. As a planned movement, the departures have no effect in the high quality of our practice, our excellent work environment and the stability of our firm in general,′ says Salomão.

Four partners left to join Cascione, Pulino, Boulos & Santos Advogados, a firm founded by two former Levy & Salomão lawyers last year, one left for Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and another - Maria Eugenia Novis - for Machado, Meyer, Sendacz e Opice Advogados, all in the space of four weeks.

Levy & Salomão has laterally hired two partners in its São Paulo office, both of whom have worked with the firm earlier in their careers; Alexandre Faraco has joined the antitrust and regulatory practice group from Hapner & Kroetz, while Daniel Pessoa is a new addition to the M&A and corporate practice group from Souza, Cescon, Barrieu & Flesch Advogados, where he was an associate. Tax lawyer Ana Monguilod, also in São Paulo, was promoted to partner, following the departure of Carlos Adolfo Duarte to join Schmidt, Valois, Miranda, Ferreira & Agel Advogados in March.

A number of associates have also been hired to build the firm′s antitrust, capital markets, corporate, and tax practice groups, and further hires are expected over coming months.

Salomão explains that the restructuring was designed to improve succession in the firm, and to develop a younger generation able to take over the reins, as well as to reaffirm commitment to high-end legal services with appropriate fees. "This should answer to increased competition in legal services locally and of the need to differentiate services from competitors based on work quality and technical skills," he says.

The hires are aimed at "streamlining the quality of our practice with a view to facing the new challenges experienced by the Brazilian economy, to prepare for the post restructuring, as well as to maintain the commitment to our values,′ says Salomão.

Faraco has experience in advising clients in regulated industries and the infrastructure/public works sector, with a particular emphasis on telecoms and media. Pessoa is a corporate transactional lawyer who has structured and negotiated domestic and cross-border mergers and acquisitions on behalf of clients in numerous industries.

(Latin Lawyer 19.07.2010)

(Notícia na Íntegra)