Law.com - Linklaters Top Brass Review Eastern Europe Network
There are a number of potentially interesting trends in this article. As local firms start to evolve into significant legal resources, the availability of a potential "best friend" mitigates against the need to have a low profitability office in the jurisdiction. Also, as in the case of Freshfields' Cologne office, the desire for independence in local markets also mitigates against the presence of an office. Linklaters is obviously alert to this issue as it seems willing to restructure the payment status of its German partners, but increasing their cost to the firm will, of course, mitigate against their profitability.
Monday, April 28, 2008
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