Oryx Consultants, a pioneering UAE-based legal start-up offering an alternative solution to the traditional way organisations access legal advice and services, has facilitated transactions worth more than $1.25 billion in H1 2023.
Redefining the legal services offering with its unique fixed-fee and fractional business model, Oryx has gained significant traction among premier institutional financial and corporate organisations.
The company has served more than 40 clients since July 2022, underscoring the surging demand for flexible and innovative service models in the fast-evolving market.
Vanessa Abernethy, co-founder of Oryx, commented: "Our exceptional growth demonstrates the trust and confidence that clients place in Oryx Consulting’s capabilities and our unique service offering to handle complex and high-value deals. The firm's dedication to delivering tailored legal support and advice has resulted in a growing roster of satisfied clients who have benefited from Oryx Consulting’s innovative approach.
“With demand for our specialised fractional General Counsel services, fund directorships, Islamic and conventional fund structuring, asset management, Middle Eastern financial services regulation, and M&A activity, we expect to continue our growth trajectory by providing strategic counsel and positioning ourselves as a go-to resource for organisations seeking comprehensive and flexible legal solutions.”
New Appointments
In response to this exceptional growth trajectory, Oryx has strategically expanded its team of seasoned consultants with the appointment of two new senior members - Gregory Nicolas and Lulwa Mutawi.
These appointments highlight Oryx's commitment to augment its unique service model and cater to its growing and diverse clientele base across multiple geographies.
Nicolas, known for his extensive legal and governance expertise in the Luxembourg banking and asset management sector, is expected to fortify Oryx's offering in the Luxembourg funds space.
Nicolas's impressive record of accomplishment spans multiple facets of fund lifecycles, including investment strategies, asset management, distribution, corporate governance, and regulatory issues.
Mutawi, a seasoned lawyer with dual Jordanian and British backgrounds, brings an arsenal of corporate and commercial experience across various sectors. Her expertise in leading high-level commercial negotiations and offering strategic advice to executive management and boards is set to boost Oryx's corporate consulting offering.
Innovative business model
Natalie Boyd, Co-Founder of Oryx, said: "Our decision to welcome Gregory and Lulwa to the Oryx platform is a testament to our innovative business model that seamlessly responds to market needs, as well as to the company’s accelerating growth."
"The traction Oryx's model has garnered in a short time span warrants added resources, and these consultants bring additional skill sets at senior level to augment our existing capabilities. Their existing client bases can also now access a broader range of services through our platform, solidifying our unique position in the market," he stated.
Oryx's success is further demonstrated by its expanding reach across multiple markets, including the UAE, Saudi Arabia, the US, UK, and Europe. Catering predominantly to the financial services sector, private entities and sovereign and family offices, Oryx continues to lead in transactions across the GCC, Africa, and Eastern Europe.
With these latest developments, Oryx is paving the way for a new wave of legal and business services, offering a more efficient, effective, and flexible model to cater to the ever-changing needs of businesses across sectors and geographies.-TradeArabia News Service
