LaMnCoO perovskites were synthesized by a modified sol-gel method which incorporates EDTA. These materials' electrochemical activity towards both oxygen reduction (ORR) and oxygen evolution reactions (OER) was studied. The cobalt substitution level determines some physicochemical properties and, particularly, the surface concentration of Co and Mn's different oxidation states. As a result, the electroactivity of perovskite materials can be tuned using their composition. The presence of cobalt at low concentration influences the catalytic activity positively, and better bifunctionality is attained. As in other perovskites, their low electrical conductivity limits their applicability in electrochemical devices. It was found that the electrochemical performance improved significantly by physically mixing with a mortar the active materials with two different carbon black materials. The existence of a synergistic effect between the electroactive component and the carbon material was interpreted in light of the strong carbon-oxygen-metal interaction. Some mixed samples are promising electrocatalysts towards both ORR and OER.