The Best Nigerian Law Firms Foreign Investors Can Hire Nigeria is the ultimate investors’ haven with a minimum ROI of 35% per annum. Click To Tweet
The Best Nigerian Law Firms Foreign Investors Can Hire
Nigeria is the ultimate investors’ haven with a minimum ROI of 35% per annum. Click To Tweet However, you need the best Nigerian law firms to get you best institutional legal professional service if you plan to invest anything over $500,000 in Nigeria.
Of course there are many excellent individual lawyers in their profession; however a firm of corporate lawyers is an invaluable asset to have because of their experience, expertise and reputation.
Chambers & Partners published a comprehensive and reliable ranking of top Nigerian lawyers and law firms in the Chambers Global directory. This publication rates leading law firms and lawyers in several areas of practice like Banking and Finance, Corporate/Commercial, Dispute Resolution, Energy and Natural Resources and Intellectual Property.
This resource is a product of extensive research carried out by a team of 150 researchers.
Reasons for Ranking the Best Nigerian Law Firms
Business and investment in Nigeria go hand-in-hand with professional legal practice. With an experienced and reputable legal team that is well acquainted with the Nigerian integrated regulatory environment, international investors have not issues about the security of their capital inflows into Nigeria.
The advice on banking, finance, corporate and commercial advice in the development of sustainable markets, as well as in the vast energy sector an in the protection of intellectual property makes investing in hiring these Nigerian corporate law firms worthwhile.
Importance of Law Firms to Foreign Directs Investments
With the recent improvements in Nigeria’s legal system and regulatory environment, the structuring and protection of many cross-border investments have been facilitated in the country.
Between 2010 and 2014, foreign direct investment FDI inflows worth $32.4 billion were attracted into Nigeria according to the World Investment Report of the United Nations Conference on Trade and Investment.
FDI inflows declined in 2015 to an estimated $3.4 billion from $4.7 billion recorded in 2014 as global oil prices led to a slowdown in Nigeria’s economic growth. Despite all these, investor interest in Africa’s largest economy remains high.
Publishers of the Chambers Global report strongly believe Nigeria’s economic diversification agenda has important ramifications for domestic and international investors.
These ranking of law firms and lawyers that are worth their salt have been playing and continue to play important roles in making it easy for investors to understand, interpret and navigate legal and regulatory guidelines for structuring transactions in relevant sectors.
This has increased the funded projects in Nigeria and will translate into increased legal activity for transactions and disputes.
“Never has the need for reliable legal representation been so important, our rankings have grown over the past years to reflect this market reality.”
– Rachel Annandale, Deputy Editor of Chambers Global
A glance at the Nigerian rankings shows that since the first publication in 2000, there has been a 650% increase in ranked lawyers.
Nigeria is Africa’s market and it has bustling legal practise. Thus choosing can be overwhelming. This is why this Chambers only rank the best in the business.
So if you think you deserve to be o this list and are not, be better and soon enough you will join the elite list of Nigeria’s best law firms and lawyers.
Ranking of The Best Nigerian Law Firms
The law firms and lawyers are ranked in bands (categories).
Band 1 is the highest rating.
For instance, top-ranked law firms in the Nigerian Banking and Finance sector, according to the latest Chambers Global legal directory in Band 1 are:
- Aluko & Oyebode
- Banwo & Ighodalo
- G. Elias & Co.
- Olaniwun Ajayi LP
- Udo Udoma & Belo-Osagie
G. Elias and Co, one of the best Nigerian law firms, is the only firm that is ranked in all five practice areas of the ranking, including Intellectual Property, the newly introduced category of the ranking.
The deals undertaken by the firm ranges from derivatives transactions in the banking sector, to private equity transactions in the corporate sector, petroleum acreage sales agreements in the energy sector and capital markets disputes.
A foremost Nigerian corporate law firm, Banwo & Ighodalo, is another top-ranked law firm in the Corporate/Commercial, Energy and Natural Resources and Intellectual Property sectors of the report.
The firm’s areas of expertise include capital market, securities, mergers & acquisitions and corporate finance.
Aluko & Oyebode, another of the best Nigerian law firms is also one of the biggest integrated law firms in Nigeria ranks in all practice areas, except Intellectual Property. In 2010 by Who’s Who Legal named it the Nigerian law firm of the year and was also named law firm of the year at the 2016 edition of the ESQ Nigerian Legal Awards.
Founded in 1993, the firm has wide litigation experience.
Appearing in four different categories are ÆLEX, a full-service commercial and litigation law firm; Templars, a full-service law firm was the winner of law firm of the year in 2015 and Jackson, Etti and Edu, which was ranked as the only first-tier firm in the Intellectual Property sector.
Ranking of The Best Nigerian Lawyers
The best Nigerian lawyers from the best Nigerian law firms on the Chambers Global 2016 rankings are:
- Dan Agbor, Managing Partner at Udo Udoma & Belo-Osagie
- Konyinsola Ajayi, Managing Partner at Olaniwun Ajayi LP
- Gbolahan Elias, Principal Partner at G. Elias & Co
- Asue Ighodalo, Partner at Banwo & Ighodalo
- Gbenga Oyebode, Managing Partner at Aluko & Oyebode
- Ayuli Jemide, Lead Partner at Detail Commercial Solicitors
Some of the associates and emerging partners in the best Nigerian law firms specializing in the Energy and Natural Resources sectors are Stella Duru of Banwo & Ighodalo and Dolapo Kukoyi, a Partner at Detail Commercial Solicitors.