Baker & McKenzie Baker & McKenzie plans expansion into DIFC By Joanne Harris 27 August 2013 00:04 17 December 2015 11:24 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer nice 27 August 2013 at 06:15 Almost all (if not all) of the law firms operating in the DIFC have an onshore license. Its not either / or – as far as where a firm is licensed to operate – but rather where it chooses to have its offices. Rents in DIFC are higher than elsewhere in Dubai, but its a well located located hub for banks who do benefit from its status as a financial free zone, and the law firms like living next door to the banks. The employment laws are different also – with better employee protection, more generous end of service benefits and a small claims court. Law firms are allowed to be 100% foreign owned wherever they operate – and as such, this is not a particular advantage of operating in the DIFC. BAM HAM are probably trying to demonstrate that they are an international firm – having taken on a firm that was very local in nature (Dr Habib being well regarded). Lots of banks are there – and there is a lot of competition for banking work already. Being in DIFC won’t improve the chances of getting banking work – its not a prerequisite. However, having strong, highly experienced transactional banking lawyers who are English qualified is. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.