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Despite facing international sanctions, Iran's legal market remains relatively robust, valued at around $10 billion in 2023. With over 138,000 registered lawyers and 1,300 law firms, the market caters to the needs of individuals and businesses. Key practice areas include corporate and M&A, banking and finance, intellectual property, and energy law.
The Iranian government plays a significant role in the legal market through its procurement activities. Estimated at $800 million in 2023, government legal procurement encompasses a variety of services and products. Key areas include legal advice, litigation support, and specialized services like regulatory compliance and international law.
The Iranian government procures diverse legal products and services to fulfill its needs. These include:
Legal advice: Providing counsel on matters like contracts, legislation, regulatory compliance, and international agreements.
Litigation support: Representing the government in domestic and international courts, as well as arbitration proceedings.
Specialized legal services: Engaging legal professionals with expertise in areas like energy law, environmental law, and public-private partnerships.
Legal drafting and review: Drafting and reviewing legislation, contracts, and other legal documents.
Legal research and analysis: Conducting research on legal issues relevant to government policies and decisions.
Several key bodies oversee legal procurement in Iran:
The State Inspectorate Organization (SIO): Monitors and oversees government procurement, including legal services.
The Legal Department of the President's Office: Provides legal advice to the President and other government officials.
The Ministry of Justice: Responsible for the administration of the justice system and plays a role in legal procurement policies.
Specialized procurement units: Individual ministries and government entities may have their own units responsible for specific legal services procurement.
Several law firms consistently win government contracts in Iran. These include:
Sabeti & Khatami: Leading law firm with a focus on international law and legal issues related to sanctions.
Hatami & Associates: Renowned law firm specializing in cross-border transactions, project finance, and energy law.
APP Legal Institute: Established law firm offering a comprehensive range of legal services, including M&A, corporate governance, and intellectual property.
Mofid & Partners: Prominent law firm specializing in banking and finance law, capital markets, and corporate restructuring.
Razavi Law Firm: Well-respected law firm with expertise in dispute resolution, arbitration, and international litigation..
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