Thacher Proffitt & Wood, a leading global law firm, has taken steps to beef up its Latin American division in an effort to keep on top of the growing structured finance markets in the region, sources at the firm said.

With offices in various locations throughout the U.S. and an affiliate office in Mexico City, Thacher has approximately 200 lawyers on staff. In the past year-and-a-half, the firm has expanded its Latin American department with the addition of five new partners (two partners in New York and three partners in the Mexico office) - doubling its attention to the capital markets south of the border. "That's a very, very significant investment for this firm," said Jeffrey Stern, a New York-based partner with Thacher's Latin American practice group. "We feel that we are well positioned to participate in and to facilitate the development and expansion of securitization in the Latin American markets for our clients."

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