Legal market overview in Ethiopia

Ethiopia is experiencing rapid economic growth and is on a trajectory to become one of the most developed jurisdictions in the continent. Substantial investment in the telecoms and financial sectors has sparked reform from a regulatory and tax perspective. In turn, this has created more opportunities for firms in the market to expand their legal services and support a growing list of international clients. The jurisdiction’s leading firms have not changed considerably, with Mehrteab Leul & Associates, a member of the DLA Piper Africa network, and Africa Legal Network member Mesfin Tafesse & Associates Law Office (MTA) still in prime position. Some firms have been playing an active role in reforming the current legislation; Aman Assefa and Associates Law Office, which has an alliance with South African firm Bowmans, has been assisting the government with revising the Commercial Code.