We identify five top firms who achieve the highest number of listings in this year’s edition of Who’s Who Legal: Nigeria. As the legal market is highly regulated it is local firms that dominate, and they continue to grow their breadth and depth of expertise in line with the country’s significant economic development. Aluko & Oyebode leads our research with more inclusions than any other firm, followed by Udo Udoma & Belo-Osagie and AELEX. Olaniwun Ajayi and Banwo & Ighodalo both also perform strongly. To view the results of our research please click here.
This year's publication covers 17 different practice areas and recognises 136 individuals, eight more than in our previous edition. The largest chapter is energy and natural resources, which singles out 28 first-class practitioners. The depth of expertise in this sector is not surprising given the country's significant oil industry, as well as the growing importance of gas and other non-oil forms of energy. Twenty-six lawyers stand out for their skills in arbitration, which remains a very popular mode of settling domestic and international disputes. Top-notch litigators have also had a very busy year with the investigations, labour and employment, and energy sectors yielding a great deal of work. This year we list 25 individuals, five more than last year. We also feature two practice area overviews written by leading experts. Dorothy Udeme Ufot, SAN, FCIArb, of Dorothy Ufot & Co takes an in-depth look at developments in arbitration during the past year. Etigwe Uwa of Streamsowers & Köhn provides an overview of insolvency and restructuring legislation in Nigeria and explores whether it needs to be updated. To view the results of our research please click here.
Nigeria has experienced a mixed start to 2014: the news that it has surpassed South Africa to become Africa’s biggest economy following a rebasing of its GDP sits alongside stories of growing violence in the northern states due to insurgents. Despite the instability, many are optimistic for the future and expect to see even greater growth in the months to come. To view the results of our research please click here.
Who’s Who Legal has brought together Claire Barclay of Cliffe Dekker Hofmeyr, Anna-Marie Curran of A&L Goodbody and Peter Elliott of Bird & Bird to discuss the impact of government policies and initiatives on the sector, levels of tender litigation and the legal market in their jurisdictions.
Fedra Valencia and Jaime Ruiz Rocamora of Cuatrecasas Gonçalves Pereira explore whether the treatment of secured creditors with guarntees in rem could be leading towards cramdown: "Debt capitalisation and loan-to-own structures should play a major role in the years to come, without altering the common use of guarantees in rem as an additional protection for creditors."
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.