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1 September 2010
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As everyone with their finger on fashion’s fickle pulse knows, the buzzword this autumn is austerity.
From the muted pastel tones that will be filling our wardrobes as the leaves fall to the cuts that are likely to reduce public sector spending to Jarrow March proportions, less is most certainly more.
And if any place on God’s green earth understands what it is to be austere, it’s Dubai. Not least hotel builder extraordinaire Jumeirah, which has taken the axe to its roster of legal advisers.
Half of the dozen firms appointed to its general and specialist panels have lost their places, with Clifford Chance the highest profile casualty.
DLA Piper and Simmons & Simmons have also been turfed off, while Herbert Smith and Weil Gotshal are the firms handpicked to replace them on the five-strong roster.
The group’s chief legal officer Robert Swade says the firms were selected on the basis of their passion for the sector “in addition to the other, perhaps more obvious, reasons”.
But what are those more obvious reasons, Rob? Pricing, maybe? That might explain CC’s omission, but DLA? Surely not?
Anonymous | 14-Sep-2010 3:15 pm
Jumeirah does not build hotels. It manages a handful of hotels gifted to it by the Dubai government (with varying degrees of success).The Jumeirah panel (hype) has always been an absurdity. It doesn't receive meaningful work and is widely regarded as self-promotion (witness the somewhat comical level of UK press coverage of this story about a small Dubai company).The firms politely play along with the antics because of the political and financial significance of Dubai Holding (Jumeirah's parent). However, there have been a number of personality clashes which may be why some firms were "dropped". It can't have been due to their hourly rates as that factor is irrelevant if there is no work anyway.
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