Law.com - U.S. Firms' London Growth Plans Undimmed by Downturn

Law.com - U.S. Firms' London Growth Plans Undimmed by Downturn
There are some interesting statistics in this article about the expansion plans of the US law firms in London. It is curious though, that, with an admitted downturn in business, so many firms are planning to push ahead aggressively. That sounds like a good way to saturate the market and cause a shakeout of the weaker elements many of which may well have been weakened by overly ambitious growth plans that were not warranted. Time will tell whether this is a good strategy in these times. Also, as a general rule, I favor the best friends approach whenever possible. London is a city where there are many fine choices for best friends.