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Global Private Practice Market Report 2020-21

Jonathan Pryke Market Update

 

2020 was a year without precedent – we could never have imagined the challenges and the disruption that arose as a result of the COVID-19 pandemic. The way that law firms and lawyers across the world have risen to these challenges evidences the resilience and the adaptability of the people in the legal profession.
 
The commentary in this report has been prepared, not only by contributions from our global team of consultants but also with invaluable feedback from you – thank you.
 
We hope you find the report relevant, insightful and useful, and of course, if you ever want to have a confidential discussion with one of our specialist consultants about your career, your team, or your hiring plans, please do look for your most relevant contact’s details at the end of this report.

 

Here is an extract of the Dubai market update from the Report: 

The turn of 2020 saw a strong start for the legal market in the Middle East due to the stabilisation of oil prices and increasing government action towards diversifying and developing the economies across the region. This contributed to an increase in economic activity across several jurisdictions and positive growth projections for the coming year. Naturally, the pandemic has created a slowdown in such plans, although many critical projects/plans remain in process albeit at a more considered pace.

Most firms have quite lean teams, so a temporary slowdown in activity as a result of COVID-19 meant there was not too much pressure on utilisation and the expectation that hiring is likely to recover into 2021, should the COVID-19 situation remain under control and improve. In the meantime, the areas of most activity are likely to be more contentious focused, particularly construction/projects related litigation where work quality is excellent and variety unrivalled. We expect to see transactional needs to pick up again in 2021.

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