Ranking tables
Banking & Finance | Latin America
Panama
Rankings overview for Departments
- Cecilio Castillero SIGMA International and Global Market Attorneys12 Years Ranked
- Cristina Lewis Galindo, Arias & López18 Years Ranked
- Gabriel González-Ruiz Icaza, González-Ruiz & Alemán18 Years Ranked
- Kharla Aizpurua Morgan & Morgan6 Years Ranked
- Roberto De Araujo López Galindo, Arias & López9 Years Ranked
- Roberto Harrington Arango Alfaro, Ferrer & Ramírez14 Years Ranked
All Departments profiles
Band 1
1 Alemán, Cordero, Galindo & LeeBanking & Finance2026 | Band 1 | 18 Years RankedAlemán, Cordero, Galindo & Lee is a powerhouse firm with a highly reputed banking and finance practice. The team boasts significant expertise advising Panamanian and multinational lenders on acquisition, trade and project finance, frequently assisting with syndicated loans. The department routinely acts as counsel to prestigious domestic and international corporate borrowers on sophisticated credit agreements, including bridge loans and the refinancing of existing debt. The firm's expertise extends to the representation of clients before the financial regulator.
1 Arias, Fábrega & FábregaBanking & Finance2026 | Band 1 | 18 Years RankedArias, Fábrega & Fábrega advises on a plethora of banking and finance matters in Panama. The team demonstrates expert capabilities handling both regulatory and transactional matters for international financial institutions, including sector-specific M&A. The department routinely assists lead arrangers with syndicated financing structures, both secured and unsecured. The firm's expertise encompasses corporate, acquisition and project finance mandates, with significant exposure to cross-border transactions. Arias, Fábrega & Fábrega also has experience advising on aircraft financing and leasing issues.
Band 2
2 Galindo, Arias & LópezBanking & Finance2026 | Band 2 | 18 Years RankedGalindo, Arias & López demonstrates noteworthy expertise in banking and finance matters in Panama. The team offers standout expertise in aviation financing and leasing matters, as well as acquisition and project finance. The department is frequently retained by banking entities acting as borrowers to advise on bilateral and syndicated loans, including unsecured term agreements. The firm is well positioned to provide counsel on the regulatory aspects of banking and finance transactions.
2 Morgan & MorganBanking & Finance2026 | Band 2 | 18 Years RankedMorgan & Morgan's experienced banking and finance practice advises on transactions in both the public and private sectors. The team has extensive experience representing clients from the energy sector, as well as global banks, in project financing matters. The department assists with bilateral and syndicated lending, along with bridge loans. The firm frequently provides counsel on the regulatory aspects of banking transactions.
Band 3
3 Alfaro, Ferrer & RamírezBanking & Finance2026 | Band 3 | 17 Years RankedAlfaro, Ferrer & Ramírez offers a comprehensive service to regional financial entities on an array of banking and finance matters in Panama. The team is well placed to provide advice on syndicated loans, secured and unsecured lending and the financing of public and private projects in the construction and agribusiness arenas. The firm also advises multilateral entities on structuring credit facilities for SME businesses.
3 Icaza, González-Ruiz & AlemánBanking & Finance2026 | Band 3 | 18 Years RankedIcaza, González-Ruiz & Alemán possesses a noteworthy banking department, which is well placed to advise on financial transactions and related regulatory considerations. The team is experienced in acting as counsel to public entities, as well as investment banks and corporate clients. The firm also has expertise in project finance mandates related to infrastructure in Panama.
3 SIGMA International and Global Market AttorneysBanking & Finance2026 | Band 3 | 2 Years RankedPanama City-based boutique SIGMA International and Global Market Attorneys offers expertise in acquisition and project financing, as well as supporting its clients in loan facilities. The legal department receives praise for its knowledge and customer service.