A&O signs outsourcing deal with LPO provider Integreon News The Lawyer
This is a very brief, but nevertheless interesting, article because it discusses a UK firm teaming up with a Legal Process Outsourcing firm with offices in New York and Mumbai in an effort to produce significant cost savings (the article estimates 30-50 percent). Obviously, most of the LPO work will be done in Mumbai and not in New York to achieve that level of savings. LPO is here to stay it seems, and it introduces a new type of mobility into the practice of law.
Friday, November 20, 2009
Friday, November 6, 2009
Two Linklaters partners defect to Indian best friend Talwar Thakore | News | The Lawyer
Two Linklaters partners defect to Indian best friend Talwar Thakore News The Lawyer
As signs of life start coming back into the economy, we are starting to see select firms bulking up again. We are also starting to see more mobility coming back. This article is interesting because it shows these emerging trends again, but it also shows the problems with India and how foreign firms address that market. Ultimately, India is going to have to open its doors to foreign law firms that want to establish there. Until that happens India's legal profession will not flourish as it should.
As signs of life start coming back into the economy, we are starting to see select firms bulking up again. We are also starting to see more mobility coming back. This article is interesting because it shows these emerging trends again, but it also shows the problems with India and how foreign firms address that market. Ultimately, India is going to have to open its doors to foreign law firms that want to establish there. Until that happens India's legal profession will not flourish as it should.
Thursday, November 5, 2009
Sweden's Vinge calls time on London presence | News | The Lawyer
Sweden's Vinge calls time on London presence News The Lawyer
This is an interesting development, which bears further watching. A number of firms have recently enhanced their presence in London, which has generated a reasonable amount of press comment. Either these firms know something Vinge does not or vice versa. Alternatively, times could be tougher for Vinge than is generally thought. Time will tell.
This is an interesting development, which bears further watching. A number of firms have recently enhanced their presence in London, which has generated a reasonable amount of press comment. Either these firms know something Vinge does not or vice versa. Alternatively, times could be tougher for Vinge than is generally thought. Time will tell.
Wednesday, October 14, 2009
The Recession's Not Over for China's Law Firms
The Recession's Not Over for China's Law Firms
While the concern some Chinese firms had for the recent economic problems is understandable, many would argue that the impact of these problems was not nearly as severe in China as in many parts of the world. In any case, it is good to see that the Chinese firms also are starting to see the light at the end of the tunnel. More important, this article underscores the increasingly interconnected nature of the world of international legal services. No one is immune from severe economic problems wherever they may occur. As we see further globalization of legal services, which will most certainly be the case as the recovery takes hold world-wide, I suspect that more firms are going to start to take this into account in their future planning. If you were burned once, you will try to avoid getting burned again.
While the concern some Chinese firms had for the recent economic problems is understandable, many would argue that the impact of these problems was not nearly as severe in China as in many parts of the world. In any case, it is good to see that the Chinese firms also are starting to see the light at the end of the tunnel. More important, this article underscores the increasingly interconnected nature of the world of international legal services. No one is immune from severe economic problems wherever they may occur. As we see further globalization of legal services, which will most certainly be the case as the recovery takes hold world-wide, I suspect that more firms are going to start to take this into account in their future planning. If you were burned once, you will try to avoid getting burned again.
Friday, October 9, 2009
Law.com - What a Hogan/Lovells Merger Would Mean
Law.com - What a Hogan/Lovells Merger Would Mean
This article has some interesting comments and statistics on what the Hogan/Lovells (which the article shortens to "Hogells") would mean. Curiously, it does not mean a major entry into the New York capital markets market. If it goes through, someone is going to have to come up with a better nickname than Hogells. In fact, they had better do it now before Hogells sticks. Not a very flattering nickname.
This article has some interesting comments and statistics on what the Hogan/Lovells (which the article shortens to "Hogells") would mean. Curiously, it does not mean a major entry into the New York capital markets market. If it goes through, someone is going to have to come up with a better nickname than Hogells. In fact, they had better do it now before Hogells sticks. Not a very flattering nickname.
Thursday, October 8, 2009
What They're Saying About BigLaw Merger Rumor Across the Pond
What They're Saying About BigLaw Merger Rumor Across the Pond
When you drill down a bit into the data, the much talked about Lovells/Hogan merger has some interesting issues. For example, there is a rather significant differential in PEP between the two firms, with Lovells being on the short side, which raises a question about how this will play out. Most would look at this development as positive in this economic climate, because merger activity of any consequence has been decidedly sparse of late. If this comes to pass, it will not be an inconsequential merger by any measure.
When you drill down a bit into the data, the much talked about Lovells/Hogan merger has some interesting issues. For example, there is a rather significant differential in PEP between the two firms, with Lovells being on the short side, which raises a question about how this will play out. Most would look at this development as positive in this economic climate, because merger activity of any consequence has been decidedly sparse of late. If this comes to pass, it will not be an inconsequential merger by any measure.
Wednesday, October 7, 2009
Playing the Middle Game: Is Now the Time to Expand? Check
Playing the Middle Game: Is Now the Time to Expand? Check
Here is another article that seems to take an encouraging and forward looking view about the future. However, as one person quoted in the article said, "People are more cautious about their global investments right now." That being said, at least people are starting to talk about expansion, and some are even expanding. So, at least for some law firms, there is a light at the end of the tunnel.
Here is another article that seems to take an encouraging and forward looking view about the future. However, as one person quoted in the article said, "People are more cautious about their global investments right now." That being said, at least people are starting to talk about expansion, and some are even expanding. So, at least for some law firms, there is a light at the end of the tunnel.
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