Dow Might Be Down, but Stock of One Law Firm Is Up

Dow Might Be Down, but Stock of One Law Firm Is Up
How could a blog like this one not comment on this article? The interesting story will be when the UK firms start to utilize these new capabilities in 2011, just two years from now. The potential impact of that is shown by some of the analysis of the value of some American firms that appears towards the bottom of the article. Many UK firms have significant foreign presences, including in New York. If these firms can amass capital of the magnitude the article suggests might be possible, the New York competitors of these UK firms will be at a significant disadvantage, if they cannot do the same. Thus, these NY firms will either seek some way to do the same or seek some way to keep the UK firms from employing their public ownership capital in New York. That will not be a complete solution, however, because the capital raised through the UK can still be employed elsewhere around the world and will give the UK firms a decided advantage in those markets.