The firm aims to enhance investment ties between the United Arab Emirates and Europe, with Abu Dhabi pledging substantial investments in Italy and France. Paul Hastings' growth has outpaced its peers, with a 20% revenue increase to over $2.2 billion last year, driven by aggressive hiring from rival firms. The new office will serve as a hub for regional clients and transactions, bridging connections with Europe, the US, and Asia, and is expected to play a crucial role in facilitating investment flows between the Middle East and Europe.
Key takeaways:
- Paul Hastings is opening an office in Abu Dhabi to capitalize on the city's investment in artificial intelligence, energy, and infrastructure.
- The firm has appointed White & Case Partners Din Eshanov and George Kazakov to lead the operations in Abu Dhabi.
- Paul Hastings aims to strengthen investment ties between the UAE and Europe, focusing on infrastructure and energy projects.
- The firm's revenue grew by 20% last year, reaching over $2.2 billion, as it expanded its partner base aggressively.