Here’s a mild warning for firms not to spin any departures.
Yesterday we reported (see story) that Lovells was taking a Denton Wilde Sapte (DWS) team led by Rahail Ali for its nascent Dubai office. Then rumours started flying about concerning a possible buy-back of the team by DWS.
Except those rumours were… shall we say misplaced?
It’s not surprising that DWS wanted to keep them. The team is prominent in Islamic finance, one of the most important new growth areas for law firms.
Anyway, there was much indignation on the part of the exiting team. As Ali told us firmly today: “I’ve made it clear that I’ll be joining Lovells. Any reports to the contrary seem to be based on a misunderstanding of my leaving discussions.”
That’s telling them.