Africa Elite 2014
South Africa’s status as the biggest and most developed legal market in the continent means it is still the destination of choice for foreign tie-ups
Often overshadowed by their bigger and more affluent neighbour South Africa, the southern states of the continent are starting to show their mettle
Despite restrictions on foreign lawyers setting up shop in Mozambique, the region’s historical and linguistic links with Portugal offer a host of international benefits
Dominated by the energy and natural resources sector, West African firms are being courted by the world’s top players. But the locals are keeping their options open with loose networks of referral firms
East Africa is one of the more developed legal markets in the continent, with a significant amount of work flowing between jurisdictions. Kenya leads the way, with several large and well-established firms which are now embroiled in a war for talent.
Nigeria’s middle class boom is driving the entertainment sector and its legal development, says Adefunke Adeyeye, legal boss at media group Silverbird
In-house counsel in African companies are quickly gaining prominence and control over their businesses’ legal function, The Lawyer research has shown.
The largest global business firms, such as Baker & McKenzie, Dentons, DLA Piper, Herbert Smith Freehills (HSF) and Norton Rose Fulbright, have the deepest relationships with African independents, research by The Lawyer has indicated.
Much of the existing analysis of Africa as a legal market has centred on infrastructure projects and natural resources.
The African Development Bank (ABD) has facilitated the formation of a new association of independent African firms designed to inform regulators and promote the development of the profession across the continent.
Allen & Overy (A&O), Linklaters and Slaughter and May have picked up the leading roles in Virgin Group and CVC Capital Partners’ sale of 80 per cent of its stake in Virgin Active to South Africa’s Brait for £682m.