The Central Bank of Egypt (CBE) has issued an important circular on August 7, 2024, addressing the procedures for banks operating in Egypt regarding the opening of…
The Legal 500’s interview with Amr Eldib – Managing Partner of Eldib & Co – on how Eldib & Co – Attorneys at Law is adapting to clients’ changing needs
AMR ELDIB, MANAGING PARTNER
Managing partner Amr Eldib explains how Eldib & Co – Attorneys at Law is adapting to clients’ changing needs
WHAT DO YOU SEE AS THE MAIN POINTS THAT DIFFERENTIATE ELDIB & CO – ATTORNEYS AT LAW FROM YOUR COMPETITORS?
Eldib & Co – Attorneys at Law has been an active member of the legal community since 1875. Starting off with specialization in Commercial and Shipping law, the firm quickly gained a lot of ground internationally. Decades of practice and expanding and changing business climate has encouraged the firm to branch out, expanding the areas of practice to focus on fields such as Banking, Corporate and Intellectual Property, amongst others. Today, over a hundred years later, our full-service approach in a multitude of sectors has become the driving force behind the firm’s success. Our Intellectual Property department boasts a worldwide reputation, and is known as the oldest and is known as the oldest and strongest IP firm in Egypt and North Africa. Today, the firm continues to uphold the highest standard of services and reputation and is there to help clients overcome their legal challenges.
WHICH PRACTICES DO YOU SEE GROWING IN THE NEXT 12 MONTHS? WHAT ARE THE DRIVERS BEHIND THAT?
There are many sectors that are growing rapidly. At the moment we see the growth in Transport, Industrial and Commercial fields. The drivers behind this are the recent changes taking place this year in the investment law that will modernize and reduce barriers to how international companies invest and operate in Egypt. The measure will expand economic growth, domestic production, exports and foreign investment, and is designed to boost employment opportunities and increase Egypt’s competitive edge across the region
WHAT’S THE MAIN CHANGE YOU’VE MADE IN THE FIRM THAT WILL BENEFIT CLIENTS?
For the past several years, we have worked hard to enable our solutions to fully leverage two things: the broad base of legal specialists and embedding technology in our solutions for efficient, cost-effective and sustainable solutions to clients. Our dedicated, integrated client teams serve clients who need support across several legal areas. Each coordinated team regularly evaluates areas of client need, to identify value-add opportunities, including connecting the client with industry-related insights. The teams are carefully selected and include senior partners as well as experienced associates, to offer the best service to our clients.
IS TECHNOLOGY CHANGING THE WAY YOU INTERACT WITH YOUR CLIENTS, AND THE SERVICES YOU CAN PROVIDE THEM?
Technology has been a key focus of our solutions for a number of years now. Often the large amount of legal content which is developed, and documents which must be managed, require intensive effort and do not guarantee consistency in approach. We have developed compliance breach management tools, regulatory content management tools and contract management tools to assist our clients in being efficient in their legal activities. Being connected to Eldib & Co – Attorneys at Law global technology resources has also proved very popular with our clients. Products like the Legal Debriefs are well received and our clients find these very valuable. Moreover, our lawyers have used their extensive knowledge in cooperation with the specialized programmers in order to develop our automated file management system that we currently use. The system allows our clients to review their case matters and status via a username and password they are given.
CAN YOU GIVE US A PRACTICAL EXAMPLE OF HOW YOU HAVE HELPED A CLIENT TO ADD VALUE TO THEIR BUSINESS?
Being one of the oldest Law firms practicing Corporate and commercial and also the oldest law firm practicing Intellectual Property, and being the correspondent for the majority of the Protection and Indemnity Associations and the legal consultants for the biggest companies and in Egypt We pride ourselves on a solid know-how that can only be acquired through a diverse and dedicated team like ours. We offer comprehensive and focused advice covering corporate and commercial matters and disputes, contractual matters, real estate, finance and intellectual property, among others. Our litigations and arbitrations are nothing short of the highest standard and so are the rest of our legal services. The links established across sectors allow us to deliver unmatched advice in various jurisdictions. Catering to clients across the legal spectrum, our offering is diverse and comprehensive, covering many industries from established sectors to emerging markets. Our clients come back to us for our focused, timely and personalized services and at Eldib & Co we are most interested in building, long lasting relationships. We have worked with established market players as well as start-ups and have the right teams to support businesses of different sizes, structures and natures.
ARE CLIENTS LOOKING FOR STABILITY AND STRATEGIC DIRECTION FROM THEIR LAW FIRMS – WHERE DO YOU SEE THE FIRM IN THREE YEARS’ TIME?
Our clients definitely are looking for strategic advice which enables more informed decision making (i.e., expansion initiatives) and advice which enables proactive activity with respect to legal and compliance requirements. In addition, clients are increasingly requesting us to provide technology-based, efficient solutions to traditional legal challenges. Our firm will, in 3 years’ time, provide even more technology-based legal solutions to traditional legal requirements, such as regulatory content management and contract management, thereby helping multinational organizations operating in Africa and MENA or looking to expand in therein.
