2012, Latin Lawyer Paraguay

Ambitious firm with growing profile

Established: 2003

Partners: 1

Total lawyers: 12

Within less than a decade Ferrere Abogados’ Paraguay office has established itself as a firm fixture in this legal market. Growing by as much as a third in 2011, the firm is on track to meet its ambitious target of becoming one of the country’s top three firms by 2014. Staffed entirely by local lawyers, the firm has sound knowledge of the Paraguayan marketplace while benefiting from the resources and expertise of what is Uruguay’s largest firm when new legal challenges arises.

The office’s well-regarded leader, Nestor Loizaga, has also done much to build the international profile of this and the Bolivian operations of Ferrere Abogados, a role he assumed in 2010 after the death of Daniel Ferrere – the man who built the firm to the powerhouse it is today in Uruguay and taking it into Latin America’s smaller economies.


As sole partner, US-educated Nestor Loizaga has taken great strides to build the firm to what it is today, having joined after working as an advisor to the Ministry of Foreign Affairs and the Ministry of Industry and Commerce. Specializing in corporate, commercial and financing work, he has recently advised the Andean Development Corporation (CAF) and the International Finance Corporation (IFC) on loan agreements – a line of work that has done the most to raise the firm’s profile in Paraguay. Loizaga wins praise from clients, with one general counsel describing him as “competent, clear, thoughtful, with a good understanding of the underlying business transaction”.

M&A work generates positive feedback; “The due diligence process was impeccable as well as their assistance in negotiating the terms of the share purchase agreement,” says one regular client. Agribusiness has become a key growth area, led by Federico Silva, who has built up the firm’s environmental work as key clients such as Cargill seek to expand in the country. The firm also comes recommended for its labour work, led by Marysol Estigarribia, and tax matters under Anibal Pangrazio.


Around 70 per cent of the firm’s work in Paraguay comes from international clients, often attracted to the broad reach made possible by Ferrere’s offices in Bolivia and Uruguay. “Ferrere is an exemplary law firm, with highly professional and trained staff who have not only guided us admirably with all requirements, legal and otherwise, but also shown great capacity in assisting us in avoiding potential problems common when investing in another country,” says one multilateral client. The firm regularly advises Petrobras, its oldest client in Paraguay, and has advised Vale on labour matters and regional restructuring. Credit Suisse and Oikocredit have also sought counsel from the firm, which also recently helped Equifax enter the Paraguayan market.


Ferrere Abogados also has five offices in Uruguay and two in Bolivia.


The firm has alliances with a number of organisations, aiding sustainable construction with Un Techo para mi País, and bringing computers to children through the Una Computadora por Niño programme.

See all acknowledgments >>

© 2017, Ferrere Attorneys