U.S. businesses are increasingly looking for growth opportunities abroad. A recent study showed that global businesses based in upstate New York achieved almost three times the growth rate and earned over 10% more in revenue between 2007 and 2011 than their regional domestic peers. Global opportunities have attracted over 300,000 U.S. companies to export goods in 2011, with New York ranking third among leading state exporters. Both exports and imports are on the rise, increasing in 2012 by 3.6% from 2011 and 40% from the low in 2009. The trend is clear: international commerce is on the rise, providing opportunities for better returns than domestic-only businesses.
The increase in international commerce has also resulted in an increase in the need for legal services abroad. Indeed, U.S. businesses must ensure that they comply with foreign laws and protect their interests abroad.
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