Look before you leap
With more and more law practices expanding overseas, Colin Ives considers how to structure today's international law firm
Many UK law firms have, in recent years, sought to expand their businesses overseas. This is normally driven by a perceived need to provide broader international services to existing clients, many of which have expanded (or aspire to expand) overseas. The UK law firm is also viewed by US firms coming to the UK as a ‘bridgehead’ to Europe and thus part of the objective is the expansion into other countries within Europe. Some law firms may, therefore, consider that being part of a European network could also make them attractive to a potential suitor or crucial as part of a defence against foreign competition. While European expansion may be considered essential for a law firm’s client base, it should only be undertaken with considerable care and with full knowledge of the alternatives available, not to mention the complexities and costs involved.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651