The special relationship
Despite the economic climate, US firms appear to be raking in the profits, but the US players still have a lot to learn from their UK counterparts. Ultimately, the truly successful international firms will be those that take the best from both cultures, writes Derek Bedlow
Something strange is going on on the other side of the Atlantic and, just for a change, not in California. Corporate America is in disgrace over Enron and other scandals, corporate profits are flat or falling, the stock market remains near five-year lows and M&A activity has plummeted. Yet, the US’ top lawyers continue to get richer as the profitability of their law firms defies the basic laws of gravity.
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