Saudi Arabia will look to make good on its $1 trillion US investment pledge through a sovereign wealth fund, which has developed close ties to law firms that recently entered into settlements with President Donald Trump.
The Public Investment Fund is among Latham & Watkins’ five largest clients, generating between $70 million and $100 million in annual revenue in recent years, according to two people familiar with the firm’s business. A&O Shearman lawyers also have been frequent advisers to the $940 billion fund, which is central to the Gulf State’s vision of a flourishing and diversified post-oil economy, while Kirkland ...
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