Dubai for Now: Corporate Honcho Heads to Mideast
The most important aspect of this article is the emphasis some firms are placing on the Mideast. Latham & Watkins is said to be launching three offices in the region and sending some heavy weight people there to look after things. For the time being, oil revenues may support this level of lawyer presence. However, should oil revenues fall significantly, for whatever reason, and there could be many reasons, not the least of which is recession with more use of alternative energy sources lurking in the background, there could be a lot of very expensive downsizing.
Wednesday, July 9, 2008
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