Norton Rose set for fourth Middle East office launch
Norton Rose is set to open its fourth office in the Middle East after securing a licence to open in Abu Dhabi. The launch will see Middle East managing partner Campbell Steedman relocating to the region to head the practice.The top 10 City firm is to open the new office imminently, having been granted the licence last week after a lengthy wait.
May 01, 2008 at 12:03 AM
2 minute read
Norton Rose is set to open its fourth office in the Middle East after securing a licence to open in Abu Dhabi. The launch will see Middle East managing partner Campbell Steedman relocating to the region to head the practice.
The top 10 City firm is to open the new office imminently, having been granted the licence last week after a lengthy wait.
Steedman, who is currently based in Dubai, will move to Abu Dhabi to launch the offering. The Abu Dhabi office, which will cover corporate, project finance, aviation and asset finance transactions, adds to Norton Rose's existing offices in Bahrain, Dubai and Riyadh. The Saudi offering went live at the beginning of this year through an alliance with local practice Abdulaziz Al-Assaf.
Norton Rose global banking head Stephen Parish said: "This [office] reflects the continuous importance of the Middle East to the firm. It is a good hedge against the downturn in the European market.
"The Middle East is an exciting environment; it is very active at the moment. Future plans for the city are fantastic – they stretch to 2030, so it is an important place to be."
Steedman added: "Feedback from our clients has been very encouraging and we look forward to being able to offer our support to both existing and new clients from a fully established practice in the city."
Norton Rose's Abu Dhabi launch comes after both Eversheds and DLA Piper announced their entrances into the Gulf region earlier this month.
Legal Week has also learned that French independent Gide Loyrette Nouel is among firms awaiting licence approval in the Middle East. The expansive French firm plans to open offices in Abu Dhabi and Dubai as soon as licence approval is granted.
The firm operates 20 offices outside Paris and already has a Middle East presence in Riyadh.
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