Dubai has generated a mountain of get-rich-quick buzz. In the last three years, ten Global 100 law firms, including DLA Piper, Vinson & Elkins, and Akin Gump Strauss Hauer & Feld, have opened offices here. Magic Circle firms, which already dominate the region, are expanding their presence.
Along Dubai’s Sheikh Zayed Road, construction cranes seem almost as plentiful as sand. Hotels and office buildings are going up by the dozen, and already some of the world’s most recognizable corporate names-CNN, Cisco Systems, and Microsoft-dot the landscape. There’s a billboard advertising “the most prestigious kilometer on the planet,” an extravagant new downtown project […]
