Brazil has a population of more than 200 million, with approximately 800,000 lawyers to serve their legal needs. With the country’s economic crisis, lawyers that have expertise in debt and credit restructuring are in high demand as cash-strapped companies attempt to to stay afloat. The Petrobras investigation, new legal concepts and sweeping new anti-corruption laws are also generating a frenzy of work for law firms specialize in compliance.
To become a lawyer in Brazil, a person must pass the Vestibular examination to gain admission to a university. It takes about five years to earn a Bachelor of Laws degree, then the individual must also pass the OAB Examination administered by the Brazilian Bar Association.
Ricardo Tosto Carvalho de Oliveira of Leite, Tosto e Barros Advogados specializes in restructuring, bankruptcy, election law, banking contracts, commercial and civil law. After obtaining his law degree from Mackenzie University, Mr. Tostos studied business administration in order to offer more value to commercial clients involved in complex litigation. His expertise is recognized by Who’s Who Legal, which recognized Tosto as one of the foremost commercial litigation legal practitioners in Brazil.
In addition to his work as a founding partner of Leite, Tosto e Barros, overseeing the firm’s most significant cases and mentoring young lawyers, Mr. Tosto is a member of the Brazilian Institute for Political Party and Election Law Studies, the International Bar Association and the Study Center for Attorney Partnerships. Mr. Tostos also co-authored “O Processo de Tiradentes” a book about about the Minas Conspiracy of 1789.
Brazil has many lawyers thanks to the huge number of law schools available in the country. The country has the largest number of lawyers in the world closely followed by the United States which has over 1 million professional lawyers. India comes third with almost 1 million lawyers. The law schools in Brazil overwhelm all of the world’s countries’ put together. According to the National Council of Justice (CNJ), there are 1’100 graduation courses in the world, while Brazil as a country has 1,240 graduation courses of Law.
The Bar examination occurs nationally thrice a year, in March, August, and December. The Order of Attorneys of Brazil (AOB) is in charge of unifying and organizing the examination. The AOB founded in 1930, regulates over 847,921 Brazilian lawyers. After studying law for five years, students are expected to take the Bar examination, consisting of 2 phases: the written test and the multiple choice test.
For one to practice law in the country, they must hold a Bachelor of Law degree and be approved by the AOB. Every law student must demonstrate a complete understanding of the commonplace themes to be approved. The AOB has some public powers even though it is not a governmental organization. Among its notable powers is taking disciplinary action on errant lawyers in Brazil.
Ricardo Tosto de Oliveira Carvalho
Mr. Ricardo Tosto is a co-founder of Leite, Tosto e Barros Advogados. For over 22 years, Ricardo Tosto has dedicated his life to the practice of business law. He specializes in credit recovery, banking, international law, M&A, electoral law, corporate restructuring, commercial and civil litigation.
Mr. Tosto graduated from Universidade Presbiteriana Mackenzie with an extension course in BA at FAAP. He is a member of the International Bar Association, Brazilian Bar Association, and the Law Firms and Partnerships Research Centre. Tosto is the founding partner of Brazilian Institute for Electoral and Party Law Research and former president of the São Paulo OAB Commission for Modernisation of the Judiciary.
He also an established author and has written numerous reviews and articles published in specialized journals. An example of his work is the O Processo de Tiradentes, a book that he co-authored. He is an eloquent speaker and has made appearances on many Brazilian conferences and events.
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