City construction boutique Shadbolt & Co is looking to expand its international network into the Middle East.
The firm, which posted a 28 per cent increase in its revenue for 2005-06, from £9.8m to £12.5m, is targeting expansion in the region to capitalise on the PPP and construction industries.
Shadbolt chair Liz Jenkins told The Lawyer that the firm may also revisit the Hong Kong office it closed in 2002. It has offices in France and associated firms in Greece and Tanzania.
“We’re definitely looking to grow,” Jenkins said. “But we don’t have the luxury some of the larger firms have, of being able to spend and spend and not worry about making any returns for a while.”
Shadbolt recently advised the Dubai Municipality on its multibillion-dollar light-rail system, which links the city with its airport.
In September the firm expanded the Paris office it opened in 1999 with a tie-up with arbitration boutique Devolve Rouche, taking name partners Jean-Louis Delvolvé and Jean Rouche.
The firm has also been active in the shipping industry through its association in Athens with Markakis & Associates, and in the projects and construction industries through FK Law Chambers in Dar es Salaam, Tanzania. Both associations have been ongoing since 2001 and Shadbolt has permanent secondees based in each.
“In time we hope to make both the Greek and Tanzanian offices formal members of our network and add others to it as well,” said Jenkins.