Caro & Asociados

What Caro & Asociados does

Caro & Asociados is a boutique law firm founded in 2005 in Lima, Peru, specializing in Economic Criminal Law and corporate Compliance. It positions itself as the only Compliance boutique in Peru and the first law firm in the country to obtain ISO 37001 Anti-Bribery Management System and ISO 37301 Compliance Management System certifications, certified by PERÚ CERTIFICATION. The firm serves enterprise clients across at least 16 verticals including mining, construction, banking and finance, hydrocarbons, telecommunications, infrastructure, healthcare, and the public sector, advising 220 institutions over its 21-year history with a reported 98.1% success rate in 4,523 criminal cases handled. Its service portfolio spans Compliance 360°, Corporate, Legal Forensic, Litigation, and Criminal Defense (Penal), supported by an in-house training institution (CEDPE) and an AI Legal Tech division.

The firm differentiates through a proprietary technology stack centered on Juris Search, described as the first intelligent jurisprudential search engine in Peru specialized in Criminal Law and Compliance, which uses blockchain technology to certify access to specialized legal information and updates. This is complemented by the AI LegalTech News (AILTN) Substack newsletter and an AI LegalTech service line covering data protection, cybersecurity, algorithmic law, and digital transformation. The business model is professional services billing on a case-by-case basis, with no public pricing; client acquisition is sales-led via direct enterprise engagement, referrals, and reputation signals from international legal directories (Chambers Latin America, Leaders League, Legal 500, LACCA, Latin American Lawyer, Best Lawyers). Distribution is direct, with no marketplace or channel partner model. In 2026 the firm extended its footprint internationally by acquiring B Law & Tax, a Madrid-based firm with over 20 years of international legal and tax advisory experience, establishing a Spain-Latin America cross-border corridor.

Name

Caro & Asociados

Legal name

Caro & Asociados

Website

https://ccfirma.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Caro & Asociados is a Peru-based boutique law firm specializing in Economic Criminal Law, corporate Compliance, and AI LegalTech for enterprise clients and executives across 16+ verticals, with offices in Lima and Madrid.

Ownership category

akta.pro rank

Product category

Legal Services — Compliance & Criminal Law

NAICS

Offices of Lawyers (541110), Legal Services (5411)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC) (BPAHAFAL)

akta.pro secondary industries

Financial Crime & Fraud Prevention (Forensics, Investigations) (EDABAJAK), Litigation Support & Expert Witness (Valuation-Related) (BPAHANAG)

Keywords

• Economic criminal law
• Corporate compliance
• Anti-bribery management
• Legal forensic advisory
• White collar defense

Headquarters

HQ city

San Isidro

HQ country

Peru

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Legal Advisory Services: Professional legal services revenue generated through specialized advisory in compliance, economic criminal law, corporate law, legal forensic, litigation, and AI legal tech. The firm operates on a professional services billing model, charging for legal consultation, defense, and compliance program implementation services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Caro & Asociados is a boutique law firm providing specialized legal services in Economic Criminal Law and Compliance for corporate clients. The firm designs, implements, and audits compliance programs (including ISO 37001 anti-bribery and ISO 37301 compliance management systems), provides criminal defense in white-collar and corporate crime matters, and delivers legal forensic expert advisory. Through its AI LegalTech division, the firm operates Juris Search, the first intelligent jurisprudential search engine in Peru, and offers digital law services bridging Peru and international markets.

Product overview

Caro & Asociados is a law firm offering a portfolio of specialized legal services organized around its core expertise in Compliance and Economic Criminal Law. The service offering consists of AI Legal Tech (a sub-brand providing Digital Law and New Technologies services, including the proprietary Juris Search intelligent search engine), Compliance 360° (comprehensive compliance programs), and specialized service areas covering Corporate, Legal Forensic, Litigation, and Criminal Law. Supporting these is CEDPE Formación, the firm's educational institution focused on Economic Criminal Law research and training. The AI Legal Tech division represents the firm's technology-driven innovation, while traditional legal services form the core practice areas.

Differentiator

Problem solved

Functional benefit

Brands

• AI LegalTech: Artificial Intelligence and Legal Technology services division offering specialized services in Digital Law and New Technologies, including Juris Search - the first intelligent jurisprudential search engine in Peru specialized in Criminal Law and Compliance
• CEDPE
• Legal Forensic
• Juris Search

Products and services

• Compliance 360° / One-stop-shop Compliance End-to-end compliance service covering risk identification, analysis, evaluation and prevention; design, implementation and control of compliance programs; in-company training; and advisory for executives and Compliance Officers across regulated industries.
• AI Legal Tech Specialized service line in Digital Law and New Technologies covering data protection, cybersecurity, algorithmic law, intellectual property, online reputation, regulatory affairs management in technology, and digital transformation/LegalTech for companies and law firms.
• Juris Search First intelligent jurisprudential search engine in Peru, specialized in Criminal Law and Compliance. Uses blockchain technology for access to specialized legal information and certification of legal updates, enabling training and updating of lawyers.
• Corporativo Corporate legal services covering creation, development, and dissolution of legal entities, with expertise in corporate, trademark, contractual, and financial law. Reports a 70% case-win rate and 91% client satisfaction in the corporate area.
• Legal Forensic Multi and interdisciplinary expert advisory services including accounting expert reports, graphoscopic expert reports, expert intervention for control and refutation of expert opinions, specialized forensic advisory, and digital forensic analysis in criminal, civil, and arbitration proceedings.
• Litigación Litigation services covering conciliation and negotiation, administrative litigation, constitutional defense, civil and commercial litigation, and arbitration.
• Penal Specialized criminal law services including defense in White Collar, Corporate Crime, and public function crimes; criminal defense advisory; and strategic criminal defense design. The firm reports handling 4,523 criminal cases with a 98.1% success rate.
• CEDPE Formación Specialized training through the Centro de Estudios de Derecho Penal Económico y de la Empresa (CEDPE), focused on Economic Criminal Law, Criminal Procedural Law, and International Criminal Law, with publications and academic events.

Quantifiable outcome

• 98.1% success rate in criminal cases handled
• +6 more outcomes

Named customers1 record

Segments17 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Corporate DefensecoreStrategic or Co-development PartnerCaro & Asociados signed an agreement with Corporate Defense, a European firm specialized in Economic Criminal Law and criminal proceedings. The collaboration aims to implement Compliance Programs that minimize criminal risks and enhance the reputation of Peruvian and Spanish companies operating in both countries.
• B Law & TaxcoreStrategic or Co-development PartnerB Law & Tax, a Spanish firm based in Madrid with over 20 years of trajectory in international legal and tax advisory, was acquired and integrated into Caro & Asociados. This acquisition strengthens the firm's presence in Spain and consolidates the bridge between Europe and Latin America, expanding capabilities to serve companies, business families, investors, and executives with interests in Spain and international markets.
• CEDPE (Centro de Estudios de Derecho Penal Económico y de la Empresa)coreStrategic or Co-development PartnerCEDPE is the training and research institution associated with Caro & Asociados. It provides specialized training in Economic Criminal Law, Criminal Procedural Law, and International Criminal Law. The firm uses CEDPE to strengthen academic authority, publish the Anuario de Derecho Penal Económico y de la Empresa (ADPE), and organize academic events and conversatorios.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Garrigues: Leading Iberian and Latin American law firm with strong compliance, criminal law, and white-collar practices, particularly relevant given Caro & Asociados' Spanish expansion through B Law & Tax. Comparable as a cross-border compliance player with deep EU-LatAm reach.
• Mattos Filho: Brazil's largest law firm and a Latin American leader in compliance, anti-corruption, and white-collar defense. Comparable as a top-tier LatAm compliance practice that multinationals may select for cross-border matters involving Peru.
• Estudio Echecopar (Baker McKenzie Peru member firm): Member firm of Baker McKenzie in Peru, offering full-service corporate legal advisory including compliance, corporate crime, and cross-border work. It is the closest large-firm competitor to Caro & Asociados in Peru, sharing a Latin American top-tier client base but with significantly broader practice coverage.
• Rodrigo, Elías & Medrano Abogados: One of Peru's largest and most established law firms, with strong compliance, corporate, and dispute resolution practices. Functions as a broad incumbent offering similar compliance services but across a wider practice footprint.
• CMS Grau (CMS member firm in Peru): Peruvian member firm of global CMS network offering compliance, corporate, and dispute resolution services. Comparable as a mid-size Peru-based firm with international affiliation serving similar multinational clients.

Regional players

• Philippi Prietocarrizosa Ferrero DU & Uría (PPU): Leading Latin American law firm with operations in Chile, Colombia, and Peru offering compliance, corporate crime, and white-collar practices. Comparable as a regional boutique-to-mid-market firm serving multinational clients across the Andean region.
• BLP Legal (Berger, Levi & Partners): Major Central American and Andean law firm with offices in Costa Rica, Guatemala, Honduras, Nicaragua, El Salvador, and Peru. Comparable as a regional compliance and corporate law competitor for cross-border Latin American mandates.

Direct peers

• Payet, Rey, Cauvi, Pérez Abogados: One of Peru's leading full-service law firms with recognized strength in compliance, corporate crime, and economic criminal law. It is a direct competitor for high-end compliance mandates in Peru and frequently appears alongside Caro & Asociados in Chambers Latin America rankings.
• Rebaza, Alcázar & De Las Casas Abogados: Peruvian law firm with strong finance, capital markets, and compliance practices. Comparable in size and boutique positioning to Caro & Asociados and a direct competitor for corporate and regulatory mandates in Lima.
• Corporate Defense (Spain): European firm specialized in Economic Criminal Law and criminal proceedings that has signed an agreement with Caro & Asociados. It is a direct peer on the Iberian side, sharing the same criminal law and compliance specialization, and a natural cross-border collaboration counterpart.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@CAROASOCIADOS
• LinkedInlinkedin.com/company/caroasociados
• Instagraminstagram.com/caroasociados
• TikToktiktok.com/@caroasociados

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caro & Asociados