“We have identified a significant number of Australian operations with interests in Latin America and vice versa,” he said.

This strategy underpins the Holman Webb alliance with US-based firm Diaz, Reus & Targ announced earlier this week.

Mr Wakefield suggested the partnership would allow Holman Webb to penetrate this new market, while providing a launch pad in the Middle East.

Under the partnership, Holman Webb and Diaz Reus & Targ will undertake “joint strategies and client development” across Latin America, where the US firm has seven offices.

In addition, the firms will refer clients to one another and share resources “on a limited basis”, including having a Diaz Reus & Targ lawyer operating out of Holman Webb’s Sydney office.

“The alliance will allow both firms the opportunity to offer this point of differentiation on a much broader geographical basis, as well as securing existing clients with needs across our respective jurisdictions,” Mr Wakefield said.

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