Eversheds and Norton Rose Fulbright (NRF) have both expanded their reach in Africa this week with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively.
African lawyers believe global firms do not understand the realities of doing business in their country and have a tendency to “fee-hog”, but remain highly dependent on work from international players.
Gibson Dunn & Crutcher partner Peter Gray will undergo cross-examination in the High Court in early March over allegations that he submitted evidence containing falsified information during a September 2013 case for the government of Djibouti.
Linklaters has advised the Tunisian government on the country’s debut unassisted international bond, which raised $1bn in an oversubscribed offering.
Dentons is set to open a new office in Johannesburg to expand its presence in Africa, weeks after merging with Chinese firm Dacheng.
Linklaters has divided control of its Africa and India groups following the decision of Emerging Europe, Middle East and Africa (EEMEA) head Sandeep Katwala to step down from the role.
An explosion in investor interest has international firms lining up for a share of the African market, but legal systems are straining to keep pace with change.
North Africa is swiftly becoming a hub for investment into the rest of the continent.
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