February 28, 2004
The Economist on "International Law Firms"
The Economist magazine has a characteristically lucid—and characteristically
opinionated—special section in the issue of 26 Feb 2004 entitled "International Law Firms," and posing the question:
"Is it time to abandon the idea of assembling a truly international law
firm? [Does] commercial law [call for] small local specialists
rather than big global generalists?"
Their answer, in a nutshell, is that duelling economic models of partner
compensation between the U.S. and the UK militate against a large wave
of mega-mergers.
Bonus fact: Nine of the ten highest-profits-per-partner firms are headquartered in New York. Let's hear it for the home town! And the tenth is not in London.
Published by Bruce at February 28, 2004 5:16 PM | TrackBackPublished to Globalization
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
"Adam Smith, Esq. is, and will remain, the definitive
voice on law firm strategy."
—David
Jabbari, Global Head of Know-How, Allen & Overy
"I just don't know what the profession would do without you."
—Chairman, AmLaw 25 firm
“Constantly stunning.’—Managing Partner
"I read three things: The Wall Street Journal, The Economist,
and Adam Smith, Esq.—and I tell my partners to do the same."
—Managing Partner, AmLaw 50 firm
“You have a fascinating niche which you cover ever so much better than
does the conventional legal press.”
—Walter Olson of Overlawyered
“Required reading: Amazing.”—Venture Capitalist
"You're the brand name in law firm economics. There is no one out
there—repeat, no one—who covers this business better, or thinks about
it more creatively, than you. I tell people this guy is really, really good."
—Chair/Managing Partner, AmLaw 50 firm
Business Pundit
CorporateCounsel.Net Blog
Conglomerate
BusFilm by Larry Ribstein
Business Pundit
Carnival of the Capitalists
Chicago Boyz
Ensight
Marginal Revolution
Ronald Coase Institute
Stephen Bainbridge
"Adam Smith, Esq.,"® an inquiry into the economics of law firms, and the maroon banner, are a federally registered trademark belonging to Adam Smith, Esq., LLC, which is partially owned and controlled by Bruce MacEwen.
This weblog is licensed under a Creative Commons License.
