Global Law Firms Rush to Cash In on $150 Billion Gulf Deals Boom

December 16, 2024, 9:30 AM UTC

Top law firms from New York, London and Chicago are deepening their presence in the Gulf, chasing profits from a region that’s announced more than $150 billion in deals this year.

Lawyers are winning big business from regional behemoths Saudi Aramco and Abu Dhabi National Oil Co., which have spun off businesses and tapped debt markets. Adnoc is emerging as one of the world’s most active energy dealmakers, pursuing Germany’s Covestro AG for a $13 billion deal.

The Abu Dhabi National Oil Co. headquarters, right, in Abu Dhabi.
Photographer: Christopher Pike/Bloomberg

Sovereign wealth funds wielding more than $3 trillion have also been on a buying spree. Meanwhile, a flurry of share listings have ...

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