About

Banco do Brasil, the second largest bank in Latin America by assets, provides a wide assortment of products and services for individuals, companies, and the government of Brazil. Providing counsel surrounding the full scope of the bank’s activities, the legal team works at the forefront of Brazil’s financial services sector. Recently, the team has captured attention in the industry with its work to support Banco do Brasil’s cost cutting drive aimed at weathering Brazil’s recession. In 2016, the bank announced plans to close 402 branches and downsize a further 379, while concentrating on digital channels and pushing its internet banking offerings. Such a significant change in focus has required equally significant efforts from the legal team, which has increased its overall importance within the corporate structure by advising on this new strategy. The team’s superior internal organisation has enabled it to cope effectively with a growing workload, whilst seamlessly supporting key internal projects.