In a strategic move to solidify its foothold in the Middle East, Allen & Overy (A&O) has unveiled its newest office in Riyadh, Saudi Arabia. The renowned international law firm’s decision to establish a presence in Riyadh underscores the growing significance of the region for its clientele.
This latest addition marks A&O’s third office in the Middle East, joining its existing locations in Dubai and Abu Dhabi. Scheduled ahead of its impending merger with Shearman & Sterling on May 1st, this expansion is poised to elevate the firm’s global stature, creating a legal powerhouse boasting nearly 4,000 lawyers worldwide and anticipated revenues of around $3.5 billion.
A&O’s foray into Saudi Arabia comes after the termination of its association with local firm Khoshaim & Associates (K&A) in 2020. Citing a strategic shift aimed at meeting evolving client demands, the firm opted to collaborate with a broader spectrum of law firms within the Kingdom.
Read more: Allen & Overy, Shearman Plan $3.4B Merger
Heading the newly established Riyadh office is corporate and commercial partner Hosam Ibn Ghaith, alongside Haris Meyer Hanif, who recently rejoined A&O. Hanif brings a wealth of experience, having served as Freshfields’ head of finance for the MENA region for over a decade.
The move not only underscores A&O’s commitment to providing tailored legal services to its clients in Saudi Arabia but also highlights the growing attractiveness of the region for international law firms seeking to capitalize on burgeoning opportunities. With Riyadh emerging as a key hub for business and investment, A&O’s strategic expansion positions it favorably to navigate and serve the evolving needs of its clientele in the Middle East.
Source: Global Legal Post
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI