Juan López de Silanes
Managing Partner
Basham, Ringe y Correa
Eduardo Kleinberg
Eduardo Kleinberg
Managing Partner
Basham, Ringe y Correa
/
View from the Top

100 Years of Experience Provides Certainty

Wed, 05/08/2019 - 13:49

Q:  How does Basham, Ringe y Correa innovate in a field as traditional as law services?

JLS: We analyze the market and new companies being established, as well as their needs. We pay close attention to what will be required and how we can help investors from a legal perspective. What companies want from law firms has changed; they now ask for added-value legal services rather than a commodity. Over the past 100 years, the country also has experienced many changes, crises and social movements. Basham, Ringe y Correa has survived and has modified its offering, evolving alongside the country to meet emerging economic and political challenges. In past years, we have seen significant foreign investment in energy and infrastructure development and legal compliance is a crucial part of these projects. Basham created specialized divisions within the firm, such as data protection and franchising, to support our core practices in intellectual property, labor, fiscal, regulation, mergers and acquisitions. There are also many changes and advances in the technology sector for which we are implementing an area of technology innovation. We are also working on opening offices within the country, specialized in areas where we believe there will be a change in regulation, such as infrastructure, sports and cannabis.

EK: Even though the law may at times seem static, the way we practice it is not. We have developed new ways of internal communication, along with new forms of doing things so they can be done faster and more efficiently. 

Q: What is Basham, Ringe y Correa’s take on the country and its business opportunities under President López Obrador’s administration?

EK: It is hard to predict where the country is going since the government took office recently. In general terms, Mexico has had a stable economy. Therefore, while there could be changes that could weaken the economy, there could also be changes that could strengthen it. We have not noticed significant investment cancellations but companies are assessing the situation and are waiting to see how business conditions develop. Should we enter a moment of crisis, it is important to remember that this also creates opportunities for 
companies and investors. We believe the national economy will maintain pace and that new opportunities will appear for anyone who is willing to seize this moment of change. 

JLS: Reforms established by past political administrations cannot be undone in one day, despite the arrival of a new government and its desire to change the law. The federal administration must follow the rules under which previous contracts and tenders took place and should the case arise, the government must comply with those contracts. 

Q: What strategies can the government implement to continue boosting economic competitiveness?

EK: Competitiveness is generated by the government working alongside the private sector. So far, we do not see enough patents or licenses being developed at the level Mexico requires, especially when compared to much smaller countries with smaller populations. This halts the creation of new companies and jobs and the generation of positive economic cycles. There needs to be more consciousness about the relevance of research centers. The government needs to work with these institutions, providing support for the development of technology startups. 

Q: What strategies can be implemented to level the country’s investment needs with the government’s tax collection capabilities?

EK: Lower tax collection impacts the government’s finances directly, which in turn is detrimental to investment projects in infrastructure and other areas that could make the country more competitive. Some people believe that lowering taxes in areas like the northern border would contribute to incentivizing investment, while others believe such a strategy would reduce the government’s collection capabilities. We will have to wait and see how the government’s vision materializes.