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Rankings published in 2026
Banking and finance
Notable
14 firms ranked
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Tier 1

Alemán Cordero Galindo & Lee
9 practice areas
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Arias Fábrega & Fábrega
7 practice areas
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Morgan & Morgan
8 practice areas
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Tier 2

Alfaro Ferrer & Ramírez
7 practice areas
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Arias
5 practice areas
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Galindo Arias & López
8 practice areas
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Icaza González-Ruiz & Alemán
7 practice areas
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Tier 3

Anzola Robles & Asociados
5 practice areas
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Dentons Muñoz
3 practice areas
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Tier 4

Lovill
3 practice areas
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Pardini & Asociados
3 practice areas
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Virtù Atelier Legal
5 practice areas
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Notable

Ivette Martinez | Attorney-at-Law
2 practice areas
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Sigma
4 practice areas
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Capital markets
Notable
7 firms ranked
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Tier 1

Alemán Cordero Galindo & Lee
9 practice areas
View full profile
Arias Fábrega & Fábrega
7 practice areas
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Galindo Arias & López
8 practice areas
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Morgan & Morgan
8 practice areas
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Tier 2

Quijano & Associates
5 practice areas
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Virtù Atelier Legal
5 practice areas
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Notable

Sigma
4 practice areas
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M&A
Notable
15 firms ranked
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Tier 1

Alemán Cordero Galindo & Lee
9 practice areas
View full profile
Arias Fábrega & Fábrega
7 practice areas
View full profile
Galindo Arias & López
8 practice areas
View profile
Morgan & Morgan
8 practice areas
View profile

Tier 2

Alfaro Ferrer & Ramírez
7 practice areas
View profile
Icaza González-Ruiz & Alemán
7 practice areas
View profile

Tier 3

Anzola Robles & Asociados
5 practice areas
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Arias
5 practice areas
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Fabrega Molino
3 practice areas
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Lovill
3 practice areas
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Tier 4

Patton Moreno & Asvat
3 practice areas
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Quijano & Associates
5 practice areas
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Notable

Delvalle Escalona Levy Corró
3 practice areas
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EY Law
2 practice areas
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Sigma
4 practice areas
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Linked Reviews
Financial and corporate

Founded in 2016, Sigma represents clients from its Panama City office.  

 

Focusses/ specialisms  

The firm focuses on capital markets, M&A and project development, emphasising the banking, finance and renewable energy sectors. 

In capital markets, the firm emphasises debt-side transactions including bond and note issues.  

The firm’s M&A practice is most active in transactions between private companies and joint venture work. 

In the project development sphere, the firm highlights green energy finance. 

 

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