VAT (Value Added Tax) on stacks of gold coins

VAT (Value Added Tax) on stacks of gold coinsThe six members of the Gulf Cooperation Council (GCC) – UAE, Saudi Arabia, Bahrain, Qatar, Kuwait and Oman – agreed in 2016 to introduce VAT as a means to diversify government revenue sources and reduce reliance on crude oil exports after oil prices made a sharp drop in mid-2014.

Overlooking the Dubai Marina. UAE

Overlooking the Dubai Marina. UAESo, let’s say you’ve been a Senior Associate or Counsel at your firm for a while now. You’ve pretty much been running your own practice,

The globe, a mobile planet, on a tablet showcasing that it's not that big after all.

The globe, a mobile planet, on a tablet showcasing that it's not that big after all.For modern salaried workers, the opportunity to move to exciting locales constitutes an important part of the job offer.

A woman sat on top of a stack of suitcases waiting to depart. Thinking should she leave the UK after Brexit?

A woman sat on top of a stack of suitcases waiting to depart. Thinking should she leave the UK after Brexit?The Law Society of Ireland reported that 186 British lawyers were admitted to practise in the first six months of 2016 – that's more than three times the number in the same period last year.

A view of a street in West London, an expensive area for house prices.

A view of a street in West London, an expensive area for house prices.It is ever more common for European businesses that would otherwise rely on conventional European bank loans to resort to US debt financing. When BC Partners acquired Mergermarket, what started out as a regular deal ended up being funded state-side using a high-yield US instrument called Term Loan B.

A map of Abu Dhabi and Doha

The Middle East: a region replete with high-net-worth clients, dotted with regimes that are virtually free from tax on income or profit, and standing proudly as an important economic hub with its own financial free zones.

The Flags of the EU and Great Britain

A vote for the UK to leave the European Union could have a dramatic bearing on the career landscape for lawyers and judges practising in Britain. Pro-EU lawyers held an anti-Brexit event in March where it was explained that many UK law practitioners may be forced to requalify; their work with the Court of Justice of the European Union will require new credentials in the event of Brexit.

The Dubai skyline

The multiple draws engendered by the establishment of the Dubai International Financial Centre more than a decade ago were more than enough to provide an attractive platform for international law firms.

The scales of justice with a gavel

Office expansion by law firms with an international presence (or ambitions) in the Middle East centre on Saudi Arabia and Dubai in particular. In March of last year, Manchester-headquartered DWF opened its first office outside the British Isles in Dubai, and US firm Winston & Strawn hired two partners from Pillsbury Winthrop Shaw Pittman last year in preparation for their Dubai opening. US stalwart Shearman & Sterling, meanwhile, is now established with local partners in both Dubai and Riyadh, complementing the firm’s forty-year history in Abu Dhabi.

The attractions for Law firms in Africa

In recent years, a number of top international law firms have expanded their offerings into the African continent. Some have formed alliances with local firms while others have opened entirely new offices. The advantage of alliance over wholly new outfits lies with the experience that local firms have of the intricacies contained in respective local legal systems but both strategies have been implemented effectively by different firms.

Legal work after the global economic crisis

A shrinking pool of legal work during the financial crisis meant fiercer competition and necessarily sharper marketing efforts. As business has picked up, certain firms have breathed a sigh of relief and returned to business as usual; others have thought constructively about how to respond to a changing game.

Big Ben - a London landmark

London is a hub for some of the most talented, driven and intelligent lawyers in the world but there are other options available for ambitious lawyers that aspire to something different. The Middle East increasingly represents a leading legal labour market for those lawyers who want to create a name for themselves in an environment that is still in a relatively formative stage. As a burgeoning region, the environment lacks much of the ingrained politics and stagnation that can permeate life as a City lawyer making it easier for an ambitious and talented lawyer to establish their profile and credentials more freely; though, it is not without its own unique challenges. Before making such a radical move in your career, it is important to weigh up the pros and cons in terms of future career prospects and your wider aspirations.

A map predominantly focussed on the Middle East

Lawyers working in the Middle East— specifically the Gulf Cooperation Council (GCC) countries— are able to enjoy a number of exceptional local advantages that they might not find at home. These include low tax regimes, the ready availability of high quality international commercial work and the lifestyle that accompanies working and living in one of the most exciting, expansive and fast moving regions on the planet.