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Legal market overview
Regional volatility has hampered Jordan’s growth in recent years and its close proximity to Syria has particularly troubled potential investors. Despite the political uncertainty, however, gross domestic product climbed by 3% in 2012, according to the World Bank, which is an optimistic sign for the country’s business environment. In addition, the government’s focus on exploring alternative power sources, such as nuclear and shale gas, to reduce its dependency on foreign energy is also expected to generate legal work.
The market supports three leading domestic firms, namely: Ali Sharif Zu’bi Advocates & Legal Consultants, International Business Legal Associates (IBLAW) and Khalifeh & Partners Lawyers. There is also a significant band of international firms operating in Jordan including Middle East heavyweight Al Tamimi & Company, Safwan Moubaydeen Law Firm in association with Dentons and Sanad Law Group in association with Eversheds KSLG. Trowers & Hamlins is also active in the country through its association with Abdul Karim Al Fauri & Associates.