Middle East: Struggling for breath
Perhaps it's something to do with the heat, but there appears to be a shortage of air in the Middle East. A recurring theme when speaking to partners in the region is breathing: conversations are peppered with references to 'negotiating breathing space', 'holding of breath' and 'breathing life back' into a market that until very recently was one of the most coveted international markets for law firms. What these analogies illustrate is a market in a state of flux: no-one is quite sure how their strategy for the region should look any more. "We are living a new reality," admits Amjad Ali Khan, managing partner of 35-lawyer Alfridi & Angel.
In the wake of the crash of the Dubai economy, Kelly Parsons speaks to lawyers in the region about the effect of the fluctuating market on the legal sector
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