I’m sometimes asked about why law firms outside the U.S. and U.K. tend to be less profitable than their Western rivals. Are firms in the U.S. and U.K. that much better than everyone else?
The answer is both simple and complex.
Unlike with civil law systems, lawyers play a more central role within common law. Their role is both more skillful and more necessary and it puts a premium on being creative, inventive and accurate.
April 12, 2023 at 06:00 PM
4 minute read
Editor-In-Chief
The original version of this story was published on American Lawyer
I’m sometimes asked about why law firms outside the U.S. and U.K. tend to be less profitable than their Western rivals. Are firms in the U.S. and U.K. that much better than everyone else?
The answer is both simple and complex.
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