Riyadh, Saudi Arabia. Credit: wajdram/Adobe StockSaudi Arabia—Red Tape, Talent Wars & Pricey Office Space Greet Global Law Firms
As firms vie to enter the Kingdom, licensing delays, strict hiring quotas, and fierce competition for resources are testing their resolve.
November 27, 2024 at 12:35 PM
5 minute read
When Jones Day, Baker McKenzie, and other top law firms set their sights on Saudi Arabia, they stepped into a complex environment where simply obtaining a licence can take years.
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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.
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