A majority of the law in Brazil is based on Statutes as well as a mechanism referred to as the sumulas vinculantes, which generally translates to adopting civil laws and systems from countries like Germany, Portugal, and the Napoleonic codes.
Some of the Codified Statutes
There are many codified statutes that act as the law in Brazil. They include:
The Federal Constitution, inaugurated on the 21st of October 1988 as the cardinal and supreme law of the land.
The Civic Code
The Penal Code
Commercial code, Consolidation of Labor Laws, Customer Defense Code, Criminal Suit Code and many more others.
Brazil’s States have the federate powers to adopt individual constitutions as well as by-laws. The Municipalities too have the powers to make and adopt their own legislation. The Federal District adopts functions of municipalities and the federate states, named the Organic law, which has the force of the Federate Constitution.
The Law and the Lawyers
In 2007, Brazil had 177,000 law students, since each state has a law school. The number of lawyers in 2010 stood at 621,000, with the highest number present in the state of Sao Paulo, with record 222,000 lawyers, representing a third of all the licensed lawyers in the entire country. Others are Minas Geraishad state with 63,900 lawyers and Rio de Janeiro with 112, 500 lawyers.
The average median income of a lawyer in Brazil as per 2007 was $36,120 annually, with a starting median earnings of about $20,040 while the top stood at R$3,000,000.00. A Brazilian judge earned a median annual income of R$170,000 with a starting median of about R$150,000. The study of law in Brazil takes 5 years before sitting for the Bar Association of Brazil exam in order to start practicing.
Ricardo Tosto represents clients under the Milk, Tosto and Barros Advocates. The office has an excellent reputation for litigation, mass litigation which is practiced commonly in Brazil. The firm under Ricardo is now specializing in financial laws, labor litigations, banking, infrastructure and other sectors. It is now representing M&A in building and construction related cases.
Being the most outspoken and prominent, Ricardo Tosto is the market leader in litigation. He has conducted a number of famous mass drives for compensation in the most organized manner. Ricardo is most trusted in the areas of insurance, banking, and complex labor disputes.
Ricardo Tosto is highly recommended for his simplicity, accuracy, dedication and agility, qualities which have made the firm shine. Ricardo is LACCA approved and is highly sought for corporate law issues.