Much of the debate fuelled by New York mayor Michael Bloomberg's report on New York's competitiveness focused on Wall Street's tussle with the Square Mile for the right to be dubbed the world's premier financial centre. But the report had another message that is just as important for law firms on the international stage. In the long run, it argued, both London and New York will inevitably lose ground to the likes of Dubai, Hong Kong and Tokyo.
March 22, 2007 at 12:59 AM
1 minute read
The original version of this story was published on Legalweek
Much of the debate fuelled by New York mayor Michael Bloomberg’s report on New York’s competitiveness focused on Wall Street’s tussle with the Square Mile for the right to be dubbed the world’s premier financial centre.
But the report had another message that is just as important for law firms on the international stage. In the long run, it argued, both London and New York will inevitably lose ground to the likes of Dubai, Hong Kong and Tokyo.
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