Thursday, October 31

Morocco: French Paper Highlights Business Lawyers’ Enthusiasm for the Country

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Paris — French economic daily “Les Echos” highlighted, on Thursday, the enthusiasm of business lawyers, mainly of Anglo-Saxon origin, for Morocco which has become the profession’s new “El Dorado”.

Three law firms namely “Allen & Overy”, “Clifford Chance” and “Norton Rose” announced the opening by the end of the year of offices in Casablanca, the paper recalled, underlining that these series of announcements reflect a well-thought out development strategy.

It said that Morocco was chosen by the law firms due to its political stability, a 3.7% economic growth in 2010, its infrastructure and a well-defined legal framework, noting that the project of setting up a business district “Casablanca Finance City” opens interesting prospects for development.

http://allafrica.com/stories/201108050806.html

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