In the commercial real estate world, Mexican-Wave has created a considerable amount of interest. This is hardly surprising, as it represents one of the most innovative developments in legal working for some time. It has now been running for a period of two years in the specific context of the relationship between the Prudential funds and the three participating law firms: Lovells, Cripps Harries Hall and Knight & Sons.

This is, therefore, a good moment to reflect upon what Mexican-Wave is, how useful it has been and whether it can be used as a model elsewhere for other aspects of law firms’ businesses.