CC set to integrate with Riyadh alliance firm in Saudi first
Clifford Chance (CC) has become the first international law firm to set up a mixed local and foreign lawyer partnership in Saudi Arabia after securing approval to integrate with its longstanding ally in the region. CC and Al-Jadaan, which have been allied since 2003, are set to integrate their corporate, finance and capital markets practices in the region, with partners Abdulaziz Al-Abduljabbar and Khalid Al-Abdulkareem becoming CC partners, and a number of Al-Jadaan associates and support staff also moving across to the magic circle firm.
March 06, 2013 at 04:45 AM
3 minute read
Clifford Chance (CC) has become the first international law firm to set up a mixed local and foreign lawyer partnership in Saudi Arabia after securing approval to integrate with its longstanding ally in the region.
CC and Al-Jadaan, which have been allied since 1998, will integrate their corporate, finance and capital markets practices in the region as of 1 January next year.
Al-Jadaan partners Abdulaziz Al-Abduljabbar and Khalid Al-Abdulkareem will become CC partners, with a number of Al-Jadaan associates and support staff also moving across to the magic circle firm.
Only those registered with the Saudi authorities are permitted to practise Saudi law. CC does not currently handle Saudi law in Riyadh, but with the transfer of the Al-Jadaan lawyers to CC, approximately half of the lawyers who will now be working for the firm in Saudi will be locally qualified.
The rest of the Al-Jadaan team, which includes managing partner Mohammed Al-Jadaan, Yousef Al-Jadaan and Abdullah Al-Hashim, will remain partners with local outfit, which will operate as a niche boutique focusing on litigation and mediation, legal strategy and structuring activities.
Mohammed Al-Jadaan will continue as managing partner of Al-Jadaan in addition to acting as a special adviser to CC on Saudi transactions.
CC Middle East head of financial services Tim Plews said: "It was important to the firm to elect Saudi lawyers to the partnership for the first time – we realised that Saudi was an important country to have a permanent practice in.
"The firm had been discussing the option of a partnership for a few years given the liberalisation of the market and World Trade Organisation obligations that came into effect several years back. We've been cooperating with Al-Jadaan since 1998 and we wanted our practice in the region to continue growing – this partnership is the best way to ensure that."
Al-Jadaan, one of Saudi Arabia's largest law firms, was founded by Yousef Al-Jadaan and Mohammed Al-Jadaan in 1996. It now has more than 40 staff, including 21 lawyers in its Riyadh base.
Mohammed Al-Jadaan said: "This ground breaking move reconciles the ambitions of the Al-Jadaan partners with the long term needs of our clients. This development is also great news for Saudi legal talent who will now have the opportunity to train with and develop their careers in one of the world's leading international firms, ensuring they benefit from an institutionalised career path."
During the last two years CC has launched three offices across the Middle East and North Africa, with launches in Doha, Casablanca and Istanbul. The firm also has offices in Dubai and Abu Dhabi.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllCan Labour's New Budget Steady the Ship? Big Moves On UK Tax Reform and Fiscal Stability
5 minute readHong Kong IPO Market Shows Signs of Slow but Steady Recovery
Mexico's Judicial Reforms and the Implications for Foreign Investors
5 minute readWhite & Case, Clifford Chance, Ibrahim & Partners Advise on LuLu Retail's Abu Dhabi IPO
3 minute readTrending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not
- 4Trump Files $10B Suit Against CBS in Amarillo Federal Court
- 5Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250