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Saudi Arabia > Law firm and leading lawyer rankings
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Legal market overview
The Saudi Arabian market has generally slowed down due to the drop in oil prices, and many projects are on hold as the government is channelling more funds into defence investments due to concerns over the war in Yemen and regional instability. Despite the geopolitical tension, corporate activity continued unabated with healthcare and education being key targets of investment. Notably, the government made efforts to further liberalise the capital markets and open them to foreign investment. That said, the Capital Markets Authority (CMA) has recently been more selective regarding domestic applications for IPOs and has put on hold most.
Clifford Chance LLP and Clyde & Co are the first two law firms in the Kingdom to establish joint Saudi and foreign owned law partnerships. In other noteworthy developments, Law Firm of Hassan Mahassni In association with Dechert LLP’s association arrangement was formed in September 2015 and Mohammed Al-Jadaan left Al-Jadaan & Partners Law Firm after being appointed as the chairman of the CMA in January 2015. Law Firm of AlSalloum and AlToaimi in association with White & Case LLP is the new name of the US firm’s local alliance, following the cessation of relations with Waleed Al-Nuwaiser.
The In-House Lawyer
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In association with a leading international law firm, Legalease are producing a series of online country comparative legal guides, designed to give the in-house community greater insight to the law and regulations in unfamiliar jurisdictions.
Legal Business: country analysis
Behind the veil – Can Islamic finance live up to the sales pitch?
Islamic finance flourished during the downturn and has
emerged as a significant practice for both Middle East and international firms. How sustainable is the workflow and what lies ahead for the key players?
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by Jeremy Scott - firstname.lastname@example.org
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