Squire Sanders has cemented its footing in Saudi Arabia by bolting-on El-Khoury & Partners’ Middle East and North Africa (Mena) practice.
The acquisition will provide Squire Sanders with a fully integrated office in Riyadh, operating under the name Al-Enezee in association with Squire Sanders.
Previously, Squire Sanders worked in the Saudi Kingdom through an association with EK Partners & Al-Enezee – the name of El-Khoury’s Mena practice. Following the acquisition of the El-Khoury business, EK Partners & Al-Enezee managing partner Ziad El-Khoury will become a global partner of Squire Sanders, while Wissam Hachem and Hadi Melki will become local partners. Khulaif Al-Enezee will be the firm’s Saudi relationship partner – a requirement for international firms operating in the Kingdom.
Squire Sanders and El-Khoury & Partners already worked together in the same offices in Riyadh, but have since taken more space to accommodate further growth.
El-Khoury & Partners also has an office in the Lebanese capital Beirut, which will remain independent of Squire Sanders but will work in association with the firm.
Squire Sanders has been working in Saudi Arabia for 20 years, though more established links only go back 10 years, when the firm signed its first cooperation agreement with local firm Abdulaziz Al-Assaf, which later formed an alliance with Norton Rose (10 December 2007) that collapsed in 2011.
Squire Sanders began its official association with El-Khoury & Partners three years ago, though it had worked with the lawyers within El-Khoury for longer.
Squire Sanders Mena head Kevin Connor said the firm initially opted for an association in order to first see through growth plans in other parts of the world. “One thing we were looking at was the transatlantic merger, another was the new Singapore office, so we decided on doing an association at first,” he added.
“Our approach to the Middle East is to focus on Saudi Arabia. We don’t want to spread ourselves too thin and don’t want to open in too many places – we just want to get this one right.”
El-Khoury added: ”This is one of the first acquisitions of a Middle East law firm by a global legal practice and it demonstrates Squire Sanders’ long-term commitment to investing in the Kingdom of Saudi Arabia.”
Readers' comments (4)
Anonymous | 10-Oct-2012 10:59 pm
"Khulaif Al-Enezee will be the firm’s Saudi relationship partner – a requirement for international firms operating in the Kingdom." - nonsense.
"This is one of the first acquisitions of a Middle East law firm by a global legal practice and it demonstrates Squire Sanders’ long-term commitment to investing in the Kingdom of Saudi Arabia." - srsly?
This article thinks we're idiots and haven't figured out that more than 20 international firms operate in KSA through a variety of "associations" since only Saudi qualified lawyers are permitted to have an office.
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Anon | 11-Oct-2012 10:48 am
Ssshhhh
Keep the myths alive. I know a few other supposedly global Saudi partners who would struggle to get a job at associate level on their merits - but we have to pretend they are fantastic - our jobs depend on it!
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Anonymous | 11-Oct-2012 8:04 pm
So Squire Sanders has gone from having a tripartite arrangement between SSD, EKP and Al Enezee to having.....erm.....a tripartite arrangement between SSD, EKP and Al Enezee.......?? Bring on the day when Saudi Arabia implements its WTO obligations and allows lawyers to set up without the millstone of having a useless and over-remunerated sponsor who, with a handful of exceptions, wouldn't get a training contract let alone get a job as associate.
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Anontoo | 12-Oct-2012 5:46 am
In 6 months SS will announce it is closing its Riyadh operations if these guys are to be running the show. SS needs to focus and get lawyers in who can truly operate at a Western level in Saudi. I agree this is another joke.
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