Addleshaw Goddard broadens GCC capability
Addleshaw Goddard has appointed private equity specialist Andrew Johnston as part of the firm’s strategy of investing in new relevant service lines in growth areas beyond the firm’s established core offering in Dubai of international arbitration and construction litigation.
His appointment follows the hire earlier this month of corporate partner Ben Gillespie. Both partners are recognised practitioners in the region with established local and international client bases.
Johnston has been based in Dubai since 2007, relocating from London as a senior associate with Clifford Chance and more recently as a partner with K&L Gates as head of private equity for the GCC.
Gillespie joins from Clyde & Co where he was a partner in its Middle East group and has been based out of Dubai for the last seven years.
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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.