ALC Alieldean Weshahi & Partners have opened a joint-venture law office in Riyadh with leading Saudi firm Mithaq Law Office

ALC Alieldean Weshahi & Partners have opened a joint-venture law office in Riyadh with leading Saudi firm Mithaq Law Office. The firm, known as Mithaq Law Firm in Association with ALC Alieldean Weshahi and Partners, will have a team of 20 multilingual professionals in Riyadh and plans to have a presence in other major business centers in the region, the firm said in a statement (pdf).

The Mithaq-ALC tie-up is a member of the Grimaldi Alliance, a global network with more than 500 lawyers in Italy, London, and New York, as well as 2k others in more than 70 jurisdictions.

The aim is to provide a one-stop shop for the needs of clients in Saudi Arabia and beyond, ALC Senior and Managing Partner Bahaa Alieldean told us in Riyadh last week at a reception for the launch. The gathering was attended by a who’s who of the Saudi business community, including senior executives and shareholders of major corporate groups and professional services firms. The event was hosted at Al Zarqaa Majlis.

Why a direct office now? “We have worked for more than a decade now with large Saudi conglomerates with units operating in industries including banking, real estate, infrastructure, and media, serving them on matters in Egypt and abroad,” said Alieldean. “Our goal is to serve the needs of the fast-growing Saudi market that sees both international investors flocking to the Kingdom and Saudi businesses committing more capital at home. The joint venture with Mithaq was a logical next step, giving us a direct presence in Riyadh and the ability together to serve clients by the joint venture’s pool of Saudi, Egyptian, and international lawyers.”