Independence has been the key theme for Al Tamimi & Company in the 25-year story that has seen it established as one of the leading law firms in the region: a philosophy of independence of action that grew alongside the new UAE after 1972, and an operational independence that distinguished it from other law firms.
That individualistic business ethos was the brainchild of Essam Al Tamimi, the founder and senior partner of the Dubai-based firm. Now, a quarter century on in a much more globalised world and having accomplished his ambition of building a large and successful firm with local roots, there are signs of a change of emphasis.
“Independence has been a very important principle over the years, it has been a source of pride and of good income. But we are very realistic, and nothing is impossible,” he says. Other local firms have done big international mergers, while most law firms here are linked into a network of alliances with big foreign firms. “Perhaps there is a need for a merger, but not today,” says Mr Al Tamimi.
His is a very typical story of post-independence development in the country. He explains: “If you ask me what my father does, I would have to ask you back: ‘in what season?’ He was a trader, he sailed a dhow, he was a contractor. We were a big family, with limited resources. I was number seven of nine children.”
But there were characteristics that set the young man apart. He went to Al Ain University and there, partly influenced by a biography of Abraham Lincoln, the American lawyer who became president of the US, he studied law.
“I wasn’t particularly bright at school, but as soon as I started with law my brain just logically clicked,” he says. He was among the first generation of UAE nationals to be trained at Harvard Law School in the US, and after two years there went to work for the UK firm of Clifford Chance in London.
Eventually the firm – to which Mr Al Tamimi acknowledges a debt of gratitude for the sound legal principles it instilled in him – sent him back to Dubai to be a senior part of its established business there, but he saw a unique opportunity.
“There was an opportunity to modernise law practice in the UAE and I wanted to take it. Law was a new concept, and the legal education system was a continuation of high school, not at all like Harvard. And quality in law was not appreciated. I had ambitions to become a leading firm based in the region, and I didn’t want to have to check back with London all the time,” he says.
That was the origin of Al Tamimi & Company in 1989, set up in the Dubai World Trade Centre tower with three people. “I was the only lawyer but I had to do my own typing and filing sometimes. We worked from 5am until 11pm when necessary. What made the difference was being local and fully bilingual, that gave foreign clients a lot of comfort. Also the clients loved the fact I was a fighter, and would not take no for an answer. I could take an issue all the way to the Ruler when necessary,” he says.
He elaborates: “Access is probably the thing that foreign clients want most. They don’t care about getting 10 pages of learned advice, they want results. That has distinguished Al Tamimi from other firms: we try to provide clients with solutions. Less advice, more results.”
That approach certainly seems to have paid off for the firm. Just last month, it announced the opening of an office in Bahrain, its 14th office in the region, which gave it a presence in all the GCC countries, as well as Iraq and Jordan. Other new offices could follow.
“We don’t believe in a ‘brass plate’ presence; we replicate the Dubai model where ever we go. Lots of clients still want to do business in Bahrain, but the choice of law firms is more limited,” he explains.
The Dubai model involves providing the full spectrum of legal services, but there is no doubt Al Tamimi has carved out a reputation as a firm in the financial and corporate sectors, having worked on some of the biggest “liquidity events” in UAE markets.
It gives the founder a unique perspective on business matters in the region.
“At the moment, we’re getting good business flow from IPOs, capital market work, some mergers and acquisitions business, as well as more general work in the Dubai International Financial Centre and in helping clients set up in other free zones.
“We’re working on five IPOs as we speak that will come to fruition later this year and early next. The ministry and the government has been very smart in not approving IPOs for ‘dreamers’ but only on IPOs that will add value to the market,” he says.
As an adviser on the IPO of Emaar’s malls division, he believes that event will be a game-changer in regional markets. “It is a very attractive company, and its IPO is a policy to jump-start markets again that have been quite volatile,” he says.
There are still challenges in UAE law, he says, especially in the legislative process and in the training and sophistication of local lawyers. “Why should the rest of the legal system be jealous of DIFC? Why not make the national law system so good the DIFC system becomes redundant?” he asks.
But those are big, long-term issues, and for the moment he has a more immediate event to consider: how to celebrate 25 years of Al Tamimi.
fkane@thenational.ae
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Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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Draw:
Group A: Egypt, DR Congo, Uganda, Zimbabwe
Group B: Nigeria, Guinea, Madagascar, Burundi
Group C: Senegal, Algeria, Kenya, Tanzania
Group D: Morocco, Ivory Coast, South Africa, Namibia
Group E: Tunisia, Mali, Mauritania, Angola
Group F: Cameroon, Ghana, Benin, Guinea-Bissau
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
Wonka
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Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Mubalada World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
Expo details
Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia
The world fair will run for six months from October 20, 2020 to April 10, 2021.
It is expected to attract 25 million visits
Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.
More than 30,000 volunteers are required for Expo 2020
The site covers a total of 4.38 sqkm, including a 2 sqkm gated area
It is located adjacent to Al Maktoum International Airport in Dubai South
Hidden killer
Sepsis arises when the body tries to fight an infection but damages its own tissue and organs in the process.
The World Health Organisation estimates it affects about 30 million people each year and that about six million die.
Of those about three million are newborns and 1.2 are young children.
Patients with septic shock must often have limbs amputated if clots in their limbs prevent blood flow, causing the limbs to die.
Campaigners say the condition is often diagnosed far too late by medical professionals and that many patients wait too long to seek treatment, confusing the symptoms with flu.
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The five pillars of Islam
The specs
BMW M8 Competition Coupe
Engine 4.4-litre twin-turbo V8
Power 625hp at 6,000rpm
Torque 750Nm from 1,800-5,800rpm
Gearbox Eight-speed paddleshift auto
Acceleration 0-100kph in 3.2 sec
Top speed 305kph
Fuel economy, combined 10.6L / 100km
Price from Dh700,000 (estimate)
On sale Jan/Feb 2020