Norton Rose seeks new Saudi alliance after Riyadh office closure
Norton Rose is in talks to form a new alliance in Saudi Arabia, with the news coming after it emerged that the firm ended its previous local tie-up and closed its Riyadh branch more than six months ago. The firm ended its alliance with 13-lawyer local firm Abdulaziz Al-Assaf on 31 December last year, with Norton Rose's only partner based in Riyadh – corporate finance specialist Darran McGlinchey – subsequently relocating to Dubai.
June 29, 2011 at 07:03 PM
2 minute read
Norton Rose is in talks to form a new alliance in Saudi Arabia, with the news coming after it emerged that the firm ended its previous local tie-up and closed its Riyadh branch more than six months ago.
The firm ended its alliance with 13-lawyer local firm Abdulaziz Al-Assaf on 31 December last year, with Norton Rose's only partner based in Riyadh – corporate finance specialist Darran McGlinchey – subsequently relocating to Dubai.
Norton Rose is now in talks with local Saudi lawyers about either setting up a new firm or forming an alliance with an existing firm. Local Bar rules prohibit international firms from setting up standalone offices.
In the meantime the firm is servicing Saudi Arabia via a Riyadh desk in Dubai and through cooperating with a range of local firms, including Al-Assaf. Norton Rose, which launched its association with Al-Assaf in 2007, said the local firm did not have enough time to devote to the alliance.
News of Norton Rose's office closure comes after Trowers & Hamlins recently closed its Jeddah office, although it continues to operate from Riyadh.
Norton Rose has 69 lawyers across the Middle East, with offices in Bahrain, Abu Dhabi and Dubai.
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