Simmons & Simmons has reshuffled its Middle East management, replacing regional managing partner Paul Simpson with Tim Field.
Field, who hails from the corporate practice and is based in Abu Dhabi, advised on the creation of Bear Stearns’ Middle East asset management, fixed income and investment banking operations.
In contrast, Simpson is a Dubai-based projects specialist who worked on the $2bn (£1.24bn) Dolphin Gas Project in Abu Dhabi.
Simmons managing partner Mark Dawkins said: “We thought it was right to change. Paul is focused on his projects practice. The two things are not compatible, as projects work involves [a lot of travel] all over the region.”
However, the change in management by the firm, which has three offices in the region, was described as controversial by some insiders, who cited the fact that Simpson occupied the role for only half of the three years normally envisaged.
Field and Simpson were both unavailable for comment.
Readers' comments (5)
Anonymous | 25-Jan-2010 2:05 pm
I don't understand the strategy behind this reshuffle. What Mark Dawkins said doesn't many any sense (" “We thought it was right to change. Paul is focused on his projects practice. The two things are not compatible, as projects work involves [a lot of travel] all over the region.”)
Projects tends to be the bulk of work of a lot of leading law firms in the region. It is a core practice area and the bread of butter of a few firms operating in the region. That is surely more important then Tim Field's corporate practice (wow, so he set up a bank that no longer exists). You want someone like Paul running the show.
Secondly, Paul Simpson has a long history working in the Middle East. He also spent time in Saudi Arabia, while Tim Field is an outsider to the region.
Really doesn't make sense.
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Anonymous | 25-Jan-2010 6:30 pm
Paul Simpson was a obviously underperforming in his role. It comes as no surprise that he was replaced.
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Anonymous | 25-Jan-2010 6:52 pm
Most of the firms in the region are chickens with their heads cut off right now. Nobody, save for a few, really know what to do at this point. I suspect some of them should and will pack up shop entirely and leave the region over the course of the next few years. Simmons perhaps will be one of them.
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Joe the plumber | 26-Jan-2010 5:28 pm
Paul is a nice gentleman among SS partners. However, is seemed that he recently attracted and employed quiet large number of partners that SS doesn’t really need (as most Dubai firms are under capacity). And also theses partners not really performing properly as most of them not good enough and don’t enjoy accessibility within the business and banks.
Moreover, I expect more partners of SS will leave during the next few months. This is as result of the politics and commercial corruption!
JP
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Sandy Dune | 27-Jan-2010 9:24 am
This shows that there has been a power shift back to Abu Dhabi (the original ME home for Simmons) which is likely to result in the loss or relocation of DIFC based partners.
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