Law firm strategy: Seat belts on
"Throughout the world, change is the order of the day." So said Franklin Delano Roosevelt in his 1935 State of the Union address, as the world grappled with the Great Depression. Shortly after his inauguration next January, President-elect Obama will undoubtedly echo this theme. With his message likely to have a major effect on the global economy, lawyers at Europe's independent law firms will be listening especially hard.At present, there are no siren voices to be heard openly predicting another great depression in Europe. But there is widespread talk of how much recent economic events have changed the world in which law firms and their clients operate. Managing partners abound with stories of frustrated lawyers - always in rival firms - "sitting at their desks with nothing to do" and "desperately twiddling their thumbs all day".
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