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Monday, February 13, 2017

Qatari questions, bitter break-ups and the fallout from KWM - the best of Legal Week last week


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Feb 13, 2017

 

Not so long ago, Qatar looked like the next big thing for law firms. Last week, however, highlighted how international firms' approach to the Middle East is increasingly diverging – splitting between those who feel they need to be on the ground in multiple markets and those who don't.

As we reported last week, both Clifford Chance and Herbert Smith Freehills are set to close down their offices in Qatar in the coming months, and instead focus their attention on serving the market from Dubai. For HSF, the decision to close marks its second Middle Eastern retreat in as many years. We take a look at some of the reasons for firms downsizing in Qatar here.

HSF also hit the headlines last week when it emerged that the firm has taken the unusual decision to sue eight of its Australian partners who resigned to join White & Case last year.

Elsewhere, weeks after King & Wood Mallesons' European arm filed for administration, the fallout is continuing – from the administrators looking at who's to blame to the start of claims from former staff over how redundancies were handled.

Some other highlights from Legal Week over the last seven days

 

THE LATEST HEADLINES FROM LEGAL WEEK

 

Clifford Chance advises as Co-operative Bank announces plan to find buyer

Cadwalader revenue shrinks 2.5% following office closures and partner exits

K&L Gates cuts staff across offices

 

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