Reed Smith has recently entered Saudi Arabia’s rapidly growing legal market by securing a licence, as noted by the Kingdom’s Ministry of Investment. This development is part of a larger trend where leading U.K. and U.S. law firms are actively establishing a presence in Riyadh. These firms are motivated by extensive legal reforms and the influential Regional Headquarters (RHQ) Licence, transforming the capital into a central legal hub.
More than 15 international law firms, including Kirkland & Ellis, Latham & Watkins, White & Case, and Quinn Emanuel Urquhart & Sullivan, now hold one or more licences in Saudi Arabia. These firms are looking to capitalise on the expanding opportunities within the Kingdom’s business environment, bolstered by its Vision 2030 initiative. Efforts range from obtaining independent licences to forming alliances with local firms or engaging in strategic partnerships. Reed Smith, however, has not provided comments on this development.
For further details, you may refer to the original article.