Where high-tech communities flourish, law firms follow. And that means U.S. lawyers are on their way to Israel, which now ranks as the second fastest-growing high-tech region in the world.

Boasting more start-ups than any area outside Silicon Valley, Israel received $566 million worth of venture capital in 1998 — more than any U.S. state except for California, Massachusetts and Texas. So far, however, U.S. law firms eager to exploit Israel’s high-tech explosion have been held at bay by restrictive regulations governing the practice of law there.

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