Is Dubai overlawyered?

More than 160 years after the discovery of a few gold nuggets turned San Francisco into a boomtown, a different type of gold rush is underway 13,000 miles east in the Persian Gulf. It is turning Dubai — until a generation ago a minor pearl fishing village — into a 21st century El Dorado. A few pioneering English firms, such as Trowers & Hamlins, Clyde & Co and Clifford Chance, have had offices in the region for decades, but now every other managing partner from the City of London to Wall Street, Texas to California, is eager to demonstrate their Middle East strategy. But can the region really support such an influx of western law firms?

Is Dubai overlawyered? business.timesonline.co.uk Tue, Apr 1, 2008