McConnell Valdés was founded in Puerto Rico by attorneys Herbert McConnell and Adolfo "Wally" Valdés in 1946, when Puerto Rico was embarked on an industrialization process that would bring to the island the giants of manufacturing, as well as creators of new industrial technologies. Many of these businesses were venturing outside of the United States for the first time.
McConnell Valdés operates as a partnership. Administratively, the firm is managed by the Managing Partner and a Policy Committee. Each of the four departments has a Department Chairman: Samuel T. Cespedes, Jr., Alfredo Hopgood-Jovet, Francisco G. Bruno, and Roberto L. Cabañas, in charge of all the administrative affairs of that particular department. In addition to the Policy Committee, the firm has a Business & Strategic Planning Committee; Recruiting Committee; Practice Management Committee; Conflict of Interest Committee; Associates and Continuing Legal Education Committee and a Benefits & Financial Planning Committee.
Their evolution has always been parallel to the evolution of Puerto Rico. What started as a law firm dedicated to representing financial institutions and manufacturers is now a full service law firm with practice areas covering virtually any aspect of business law in Puerto Rico. They were one of the first firms to understand the need for, and develop an Environmental and Land Use Practice Group. McConnell Valdés created a Hospitality Practice Group as the tourism industry and hotel development grew on the Island. Furthermore, the firm's partners were instrumental in developing the Tourism Act of 1993, which propelled the growth and expansion of Puerto Rico's hotel industry.
As the world and Puerto Rico change, and as the way businesses have become truly international and more reliant than ever on state-of-the-art technology, the firm also continues to evolve, developing new practice areas and meeting head-on the challenges presented in this rapidly changing environment.
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