Addleshaw Goddard expands in the Middle East
Addleshaw Goddard is extending its footprint in the Middle East with the announcement of an exclusive association with Nasser Al Habsi in Oman.
The firm’s second offering in the Gulf region will be led by Roger Byrne, Trowers & Hamlins’ former head of Banking and Project Finance in Oman, and Charles Schofield, former head of Corporate, from the same office.
Nasser Al Habsi is a corporate law specialist and former colleague of Roger and Charles from Trowers & Hamlins in Muscat.
Addleshaw Goddard’s new office is expected to formally open for business in February, subject to final regulatory consent.
This investment builds on the launch in September 2012 of Addleshaw Goddard’s Dubai office and is part of the firm’s strategy to increase its client offering in another growth market.
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The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.