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Trowers exits Jeddah after less than a year

Actually, most firms practicing in the Middle East are recruiting again now - some very aggressively - having been on the lean side/at low utilisation for the best part of 2 years. Of course, they need to appear credible when pitching for the new waves of infrastructure and private equity M&A work resulting from the high oil price. After several years of punching above its weight, Trowers is now in the difficult position of being without a key partner in a crowded club of sub-Magic Circle newcomers eager to make names for themselves and competing on rates, something the market is much more sensitive these days. Could be tough times ahead for the firm...

23-May-2011

3:09 pm