Addleshaws appoints new Middle East leader and eyes Saudi opportunities
Andrew Johnston replaces construction partner Andrew Greaves who is stepping down as regional head after six years
November 14, 2018 at 07:23 AM
2 minute read
Addleshaw Goddard has appointed corporate partner Andrew Johnston as its new Middle East head and restated its growth ambitions for the region.
Johnston told Legal Week the firm is aiming to grow its revenue in the region by 20% this year, following last year's growth of 33%. He also said the firm is interested in possible opportunities in Saudi Aradia – where Addleshaws currently has no base – and will "soon turn its attentions" to the jurisdiction.
He replaces construction partner Andrew Greaves in the role, who steps down after nearly six years in the position. Greaves will remain as a partner with the firm and will take over Johnston's position as a member of the firm's board representing its international offices. He will also continue in his role as regional head of construction.
Johnston will oversee delivery of the firm's three-year growth plan, which centres on increasing income, attracting key hires and expanding the firm's regional footprint.
He said: "We've developed a self-sustaining business and a strong cross-selling culture across our offices. We want to continue to focus on winning market share with our key clients, and the aspiration is to be the recognised non-magic circle firm in the region."
The firm has taken on mandates for an array of multinationals with key hubs in the region, including Diageo and Multiplex, as well as sovereign funds Oman Investment Fund and Qatar Holding, and continues to build on its retail, healthcare, infrastructure and energy service lines.
Addleshaws launched in the Gulf region in 2012 with its Dubai office, and has since opened bases in Muscat and Doha.
Managing partner John Joyce said: "Andrew Greaves has delivered real success for us as a firm over the past five years. We have grown from one office in Dubai to three across the region, with eight partners and 40+ fee-earners.
"Our deep understanding of our client markets has allowed us to deliver continued value and results, and I am confident that Andrew Johnston and the team out there can continue to drive success for us."
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