Post-recession globalization and law firms

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To the extent that there is anything good about an international economic meltdown, it can be credited with having forced a lot of law firms to reconsider their globalization plans. As the recession drove red ink for the international investments of many firms, more than a few of them are looking at their international offices and saying to themselves, “What were we thinking?” The post recession global expansion for at least U.S. law firms may hinge on what they have learned from their international experiences. And, those experiences may be equally instructive to U.K. law firms as they consider their potential expansion to the Americas.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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