This action might not be possible to undo. Are you sure you want to continue?
LAW FIRMS IN USA & KSA 2010 / 2011
By ALI AYOUB No. :
Module Lecturer: Date: 14th February 2011
Saudi Arabia b. United States of America III. Human Resources a. References 1 .Law Firms in KSA & USA Table of Contents I. Practices a. Law Firms a.Ali Ayoub. Saudi Arabia b. United States of America II. Saudi Arabia b. United States of America IV.
Accordingly the most top ranked banking and finance legal advisors that have associates abroad and are part of an multinational legal advisory company in the Kingdom of Saudi Arabia are Abdulaziz AlGasim Law Firm in association with Allen &Overy LLP. Law Office of Dr. Law Office of 2 . The top two firms that are fully domestic are Al Soaib Firm that has been established since 1995 in Riyadh and Al Suwaiket& Al Busaies Attorneys at Law. Hatem Abbas Ghazzawi& Co. Mujahid M. Al-Sawwaf. Riyadh. The online portal Legal 500 has been publishing for twenty years and has the largest coverage and most sophisticated ranking system according to sectors of legal firms in over a hundred countries around the world. Many of the law firms in Al Khobar and Dammam have associate offices in the United States due to the business nature and industrial structure of that area. According to an online information portal there are almost sixty Saudi legal firms listed in the Kindgom some of which have provided vast information about practices and specialties while others are simply listed with phone contacts (The Saudi Network 2010). Waleed N. Legal Advisors in association with Baker & McKenzie and the Law Office of Dr. Not to mention there are several other firms that has proved to have a strong track record in the market which are also associated to international companies through mergers and synergies but have domestically started up such as Al-Jadaan& Partners Law Firm in co-operation with Clifford Chance LLP. Saudi Arabia Saudi law firms primarily exist in the four main cities of the Kingdom of Saudi Arabia and are: Jeddah. Al-Nuwaiser in association with White & Case LLP (Legal500 2011). Dammam and Al Khobar.Law Firms in KSA & USA I.. Law Firms a.Ali Ayoub.
In the United States.P. Even though the portfolio of the company is large it is composed of two main partners and more than 28 attorneys.5 billion deal. Many of the legal advisory firms have lead in the business environment such as banking and finance such as Al Jadaan& Partners Law Firm that is made up of six associates with trainees which were able to provide legal consultations to Zain telecommunications in a $2. it has been divided into many levels such as the federal law and the state law.L. b. keeping in mind other clients such as HSBC and Jabal Omar Development one of the biggest construction contractors in the Kingdom (Legal500 2011). (Legal500 2011). Moreover.Ali Ayoub. United States of America: Law in the United States of America is much more complex because unlike the uniform standard set of laws placed by the Ministry of Justice of Saudi Arabia. Mihuzo Corporate Bank. Deutsche Bank and Standard Chartered Bank (Sb-LawyersWeb 2010). 3 . and the Law Office of Mohanned bin Saud Al-Rasheed in association with Baker Botts L.Law Firms in KSA & USA Hassan Mahassni. Unlike Saudi Arabia the number of firms in the United States is much vaster and more specialized. firms such as Al Suwaiket& Al Busaies Attorneys at Law in Al Khobar manage large business accounts such as Procter & Gamble. legislation is a continuous change due to lobbyists and congressional acts as well as pending and passed bills making legal advisory firms in a constant need for anticipation and quick information sharing with their clients. the Carlyle Group. Major Law firms in the United States have gone global and have learned to adapt to a fast changing legal environment.
and later on expanded to have more than ten thousand clients of both private and public equity generating a global revenue from their forty worldwide office of $2 billion per year from 2008 (Backer & McKenzie 2010). The company¶s first client was Abbott Laboratories in 1933. II. DLA Piper was officially established in 2005 after a series of mergers with other large law firms and acquisitions in abroad markets outside the United States to grow into more than 30 countries worldwide (DLA Piper 2010). especially partnering with foreign firms. Latham & Watkins. DLA Piper specializes in many areas such as technology. transportation. and White & Chase.Law Firms in KSA & USA According to the Internet Legal Research Group there are over twenty one law firms in the United States that contain more than a thousand associates in each (ILRG 2011). Taking the largest firm as an example of legal firms in the United States. Jones Day. DLA Piper is another Chicago based law firm that is ranked second in the United States with 3448 attorneys of which 1207 are partners and 2077 are associates. workshops and official educational degrees abroad in 4 .Ali Ayoub. healthcare and more (DLA Piper 2010). which produces pharmaceutical drugs. Human Resources a. Chicago-based Baker & McKenzie established in 1949 that is composed of 3774 attorneys of 1349 are partners and 2425 are associates (ILRG 2011). Saudi Arabia In Saudi Arabia most of the lawyers graduate from law colleges in the universities found within the Kingdom and at a later stage some of the lawyers. continue their education through programs. Hogan Lovells. Furthermore the largest law firm in the United States is Baker & McKenzie. DLA Piper. life sciences.
at Al Soaib Law Firm in Riyadh. European and Westerner international law attorneys and Arabs with Western educations that concentrate on Islamic Sharia laws in modern times (Soaib Law Firm 2010).Ali Ayoub. Another good example would be AbdulazizAlGasim who is a partner at AbdulazizAlGasim Law Firm in association with Allen &Overy where he enjoys membership of Sharia boards in many financial institutions including: the Sharia board of the Saudi Investment Bank. the head of international affairs has studied abroad in Germany where he was born and then moved to Dubai where he finally settled in the Kingdom by 1998 through his embassy to finally join the firm in 1999 where he has become very active in European legal affairs and has joined many boards and legal research groups (Soaib Law Firm 2010). For instance. The law firms in the Kingdom have an equal amount of attorneys that are foreign and are citizens of the Kingdom depending on the nature of legal advisory that is provided by the firm. For instance at Al Soaib Law Firm the team of attorneys are made up of the Saudi head. Mr. 5 . For example. It is quite significant to point out that most associates and lawyers have obtained recognition from governmental entities in the Kingdom that not only cover the field of law but also stress on business and world trade. AbdulAziz Al-Abduljabbar has had a strong background in economics where he was leading departments at Saudi Arabian Monetary Agency then became a member in the Committee for the Settlement of Banking Disputes in Riyadh to finally settle in with Al Jadaan& Partners Law Firm in 2002 eventually becoming a partner by 2007 (Al Jadaan& Partners 2010). and the Sharia board of Unicorn Bank (Allen &Overy 2010). Also Saudi law firms are divided into many teams that are multicultural and diverse in educational backgrounds and practices. JochenHundt.Law Firms in KSA & USA countries such as the United States and the United Kingdom.
United States of America In the United States of America lawyers tend to join their domestic state offices as attorneys and gradually climb up the corporate ladders to become partners. At Baker & McKenzie.Law Firms in KSA & USA Most of the lawyers in these firms have attended workshops. Nasser is a partner at Legal Advisors in Association with Baker & McKenzie in Riyadh and has had training and education at the University of Paris where he learned about finance and due to such experience has been able to create the regulatory framework of the Capital Market Authority of Saudi Arabia and was able to conclude many initial public offerings (IPO) of multibillion dollar corporations (Baker McKenzie 2011). higher advisory fees and court power. They obtain their education from their own country of citizenship that has to be recognized by state entities. Michael L. Morkin is a partner in the Chicago office where the law firm was first established. b. symposiums and educational programs abroad. Law firms in the United States also have Alumni programs where former lawyers joined in an organization are still invited to events and meetings to reconnect in attorney associations and networks. Moreover. Karim B. For instance. 6 . Also.Ali Ayoub. Morkin has obtained his education from the University of Illinois and has been admitted to several courts as a member of trustees such as the US Tax Court and US Court of Appeals. Illinois and Chicago Bar Associations along with the American Foreign Law Association and the Chicago Council on Foreign Relations (Baker & McKenzie). recognition and awards are important for lawyer careers and development in the United States which provide them with further credibility. Morkin has professional admissions and memberships in American.
equity capital markets. investment funds. Most of the firms such as Baker Botts and White & Case have operations in Saudi Arabia and have partnered with domestic law firms to provide legal advisory for foreign firms throughout the Kingdom while focusing on the energy industry as well as the international financial integration of Saudi firms investing abroad.Law Firms in KSA & USA III. United States of America In the United States there is a strong relationship between the size of the firms and the broadness of the sectors where legal expertise is practices and the breadth of specialization in areas of e. privatizations. anti-competitive behavior. Islamic finance. financial regulatory. which includes merger and joint venture control. energy & infrastructure and debt capital markets. Practices a. corporate & commercial. real estate. Most of the companies that are well known have listed antitrust and EU competition as one of their main services.Ali Ayoub. projects. 7 . In Saudi Arabia most of the practices of domestically-based law firms are business based. For instance Al Jadaan& Partners Law Firm specialize in areas of practice such as mergers & acquisitions. b. This has become a trend due to the highly demanding in business nature of the country where foreign direct investment has become a quite common and multinational organizations require legal consultation in order to set up operations and maintain legal safety in the Kingdom. Saudi Arabia Law firms in Saudi Arabia that have partnered with international firms provide advisory and legal consultation for their foreign clients on the domestic legal and regulatory environment.
it is important to state here that American firms not only provide clientele services in their areas of expertise of broad and specific sectors they have also exceled in creating laws and placing regulatory frameworks that pass through bills as these provide more efficient stances for their clients. pharmaceuticals & healthcare. they also publish bulletins for all their international offices for specific countries in order to keep the whole organization updated to latest trends and changes in the legal environment. 8 . sourcing transactions and technology transactions (White & Case 2011). funds. power. media. The sectors that law firms in the United States provide legal advisory and consultations can be quite broad but not necessarily cover all sectors in the American market.Ali Ayoub. healthcare. hospitality & leisure. Finally.Law Firms in KSA & USA antitrust litigation and regulatory matters. banking. construction. they also publish articles. mining & metals. Moreover. In addition. On the other hand White & Case provide services in: communications & media. sports. For instance DLA Piper provide services in the following sector: aerospace &defense. books and journals in collaboration with universities and law colleges throughout the country. This is followed by intellectual property and finance services that have been on a rise due to international trade. entertainment. unlike Saudi Arabia. life sciences. technology. energy & water. transportation (DLA Piper 2011). oil & gas.
legal500. http://www. http://www. http://www.com/ourclients_en.com/pages/ourteam.php?page_id=70 12.com/firmfacts/ 9.htm 2. http://www.soaiblaw.allenovery.com/nlj250 6. http://www. http://www.com/global/services/ 11.bakermckenzie.bakermckenzie. http://www.whitecase.sb-lawyersweb.dlapiper.com/MichaelMorkin/ 16.ilrg.htm 15.com/nlj250/firmDetail/1 7.html 5. http://www. http://www.dlapiper.legal500.pdf 13. http://www. http://www.com/index.ilrg.ilrg. References 1. http://www. http://www. http://www.com/c/saudi-arabia/banking-and-finance 4.aljadaan. http://www.the-saudi.com/AOWeb/binaries/46737.com/nlj250/firmDetail/2 8.bakermckenzie.com/KarimNassar/ 14.com/firms/15553/offices/15259 3. http://www.Law Firms in KSA & USA IV.Ali Ayoub.net/directory/law.bakermckenzie.com/practices/ 9 . http://www.com/firmfacts/firmhistory/ 10.com/global/services/ 17.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue listening from where you left off, or restart the preview.