It is official; the first firm in the Middle East has cut jobs. That honor goes to Trowers & Hamlins. Trowers has spent the last four decades in the region, without ever having to say the word redundancy. Until now. The firm has let go 5 attorneys in Dubai, and has made an attorney in each Muscat and Riyadh redundant. This may be just the beginning of a legal decline, in the once booming middle east. Growth in the region has recently been substantial, as the following firms have launched offices there: Dewey & LeBoeuf, Clifford Chance, Latham & Watkins, King & Spalding, Hogan & Hartson, Berwin Leighton Paisner, Allen & Overy, Curtis Mallet-Prevost, and Shearman & Sterling.

Source:  www.thelawyer.com