In the face of a severe economic crisis, Lebanese law firms have been holding on, thanks in part to international work. The battered Lebanese economy, with its bankruptcy crisis, collapsed currency and outflow of talent, has presented numerous challenges for domestic law firms. Yet despite the adversities, several Lebanese firms have managed to ride out the storm.
Key to the survival of these firms has been the continuation of work with international clients. Many Lebanese law firms have traditionally handled a number of matters involving international business transactions, disputes and arbitrations, which has likely given them a lifeline during these troubling times.
However, the exact nature of how these firms have navigated Lebanon’s economic storm, details on their survival strategies and an analysis of the broader implications for Lebanon’s legal sector, are yet to be fully uncovered due to a paywall.
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