The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Islamic finance awards 2008: Best legal advisory firm

Clifford Chance

The landscape of Islamic legal advisers has changed dramatically over the past year. Norton Rose once led the pack in Islamic finance but seems to have fallen by the wayside thanks to a series of important client losses. Having lost Abradat Kamalpour to Dechert in January 2006, Norton Rose then lost Muneer Khan to Simmons & Simmons in September 2006. Dechert, meanwhile, the winner of last year’s Euromoney award, lost one of its top lawyers, and indeed one of the most respected lawyers in Islamic finance, Michael McMillen, in the second half of 2007.

Simmons & Simmons has certainly reaped the benefit of new hires and the business those hires have brought across. Allen & Overy should receive credit for having, among other mandates, advised Tamweel on its seminal RMBS deal.

Clifford Chance, however, was able to clinch the award by presenting an extremely impressive array of advisory work already completed, and not limited to the Middle East.

In the past, Clifford Chance advised on record-breaking sukuk issuances from such companies as Saudi chemicals manufacturer Sabic, the Jebal Ali Free Zone Authority Company (in UAE dirhams), Nakheel (at $3.52

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree