A PYMNTS Company

Allen & Overy Expands Presence in Middle East with Riyadh Office Launch

 |  March 25, 2024

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