Norton Rose has secured an alliance with Saudi Arabian practice Abdulaziz Al-Assaf in a move set to boost the top 10 City law firm’s profile in the Middle East.
The deal with Riyadh-based Abdulaziz, which has 15 lawyers, hands Norton Rose a presence in a third Middle Eastern jurisdiction alongside existing bases in
The news comes just one month last after Norton Rose completed the hire of rated Islamic finance capital markets partner Farmida Bi from City rival Denton Wilde Sapte.
The move represents the firm’s latest acquisition in the region as it continues its bid to re-build the practice following some significant departures over the last two years. Notable exits include those of Dubai-based Islamic finance partners Nadim Khan and Zubair Mir, who joined Herbert Smith last year, and the firm’s head of its
Commenting on the new alliance, Norton Rose global banking chief Stephen Parish said: “For some time we have been planning to start an operation in
He added: “The association with Abdulaziz Al-Assaf and our existing
Other recent entrents to the Saudi market include Dentons, which secured a tie-up with Saudi lawyer Wael Abdulrahman as well as hiring local Fulbright & Jaworski corporate and commercial senior associate Amgad Husein as a partner.
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