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Lovells prepares for Saudi launch

Unless one of the Magic Circle or Wall St heavyweights comes along, it not in the interests of any of the leading Saudi firms to enter into an exclusive relationship. Lovells (even with its strong Islamic finance practice) and other similar firms will find it hard to sign up a leading local firm without paying a hefty subsidy otherwise the local firm will not be able to make up the loss of referrals from other international firms. It will be interesting to see if Lovells go for Riyadh or Jeddah (or both).

10-Aug-2009

3:45 pm