Legal Market Overview
South Africa maintains its status as a major legal hub for sub-Saharan Africa. Despite difficulties elsewhere in the energy industry – notably difficulties with state-owned utility Eskom’s financial state and large dependence on coal-fired generation – legal work in the sector is thriving, with Round 5 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) fully underway. In the mining space, ESG is becoming an increasing focus with institutional investors increasingly demanding that mining firms consider mining communities and sustainable mining practices. Regarding the Johannesburg Stock Exchange (JSE), delistings of small to medium-sized companies are continuing with few new listings being observed.
South Africa’s legal market includes several international law firms, notably Allen & Overy (South Africa) LLP, DLA Piper Advisory Services (pty) Ltd , Norton Rose Fulbright South Africa Inc , Baker McKenzie Johannesburg, Clyde & Co LLP, CMS South Africa, Hogan Lovells (South Africa), White & Case LLP, Pinsent Masons LLP and Herbert Smith Freehills South Africa LLP. Local firms including Bowmans and ENSafrica are also strong, having built strong reputations across South Africa and the African continent. Other key local firms include Webber Wentzel, Werksmans Attorneys and Cliffe Dekker Hofmeyr.