Norton Rose continues global growth with launch of new base in Tanzania
Norton Rose has launched an office in Tanzania, as the firm extends its presence on the African continent beyond South Africa and Morocco. The new base in Dar es Salaam will be headed up by director Adam Lovett, who is joined by new partner Angela Mndolwa, formerly an associate at Clyde and Co's associated firm in the country, Ako Law.
October 23, 2012 at 04:21 AM
3 minute read
Norton Rose has launched a new Africa base office in Tanzania, as the firm extends its presence on the continent beyond South Africa and Morocco.
The new office in Dar es Salaam will be headed up by director Adam Lovett, who is joined by new corporate and commercial partner Angela Mndolwa, formerly an associate at Clyde and Co's associated firm in the country, Ako Law.
The office will focus on financial institutions, energy, infrastructure, mining and commodities and transport. The firm is currently setting out its expansion plans for the base and will take on associates to staff the new venture over the next three to six months.
Lovett joined legacy Deneys Reitz in 2009 from Tanzanian firm FK Law Chambers, before Deneys subsequently merged with Norton Rose in June last year.
He is dual-qualified as an English solicitor and a Tanzanian advocate, and specialises in banking and finance, corporate, private equity and telecoms work. He was formerly seconded to Norton Rose's Tanzania alliance firm CRB Africa Legal, which left the Norton Rose network this June.
Lovett told Legal Week: "There is a big buzz about the region's natural resources, in particular gas and mineral wealth. In the past three years there has been increasing investment in mineral prospecting activities and offshore oil and gas exploration.
"We plan on commercialising existing capacities in the region – there are huge opportunities in terms of infrastructure, energy, mining, gas and agriculture. The move is partly client driven, and partly because Tanzania is a strategic location for future, projected growth."
Norton Rose South Africa managing director Rob Otty (pictured) added: "After long experience with our own lawyers in Tanzania, it makes sense to cement our presence by opening a full Norton Rose office. Our model is to invest in people and to develop our own corporate culture in the countries in which we operate."
Norton Rose has existing Africa offices in Cape Town, Durban, Johannesburg and Casablanca. The Morocco base was launched in September last year, while the firm entered South Africa via its tie-up with Deneys last year.
Increasing numbers of law firms are looking to Africa for growth opportunities as the European markets continue to stagnate, with Norton Rose's move coming after recent news of alliance talks between Linklaters and South Africa's Webber Wentzel, as well as yesterday's (22 October) announcement that Canada's Fasken Martineau is merging with South African outfit Bell Dewar.
Legal Week's inaugural Corporate Counsel Forum Africa is set to take place on 8 November – click here for more information.
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