José Miguel Ried and Cristián Fabres left Guerrero Olivos to set up their own law firm.
After 15 years at Guerrero Olivos where they fronted the capital markets group, the partners decided to launch their law firm taking four associates with them. The new operation, Ried y Fabres, will focus on finance and corporate work.
The move follows the December 2015 departure of former tax head Sebastián Guerrero to set up Guerrero Valle Garces, a tax boutique, with three other lawyers.
Meanwhile, Roberto Guerrero Valenzuela will now lead the capital markets practice group at Guerrero Olivos. The firm also announced a round of promotions adding Sebastián Abogabir, Eduardo Cordero and José Gabriel Undurraga to the partnership. Abogabir is an energy expert while Cordero and Unduraga focus on public law.
A recent legislative overhaul in Chile have sparked several market moves in Chile as law firms forecast an uptick in demand for regulatory, labour and tax lawyers.