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.
Wednesday, October 14, 2009
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.
Tuesday, October 6, 2009
A&O in bid to dominate US work in London | News | The Lawyer
A&O in bid to dominate US work in London News The Lawyer
I take this as a sign that some law firms are preparing for a brighter future in the belief that a solid economic recovery is now underway and that, despite the bad news of lagging indicators such as unemployment, significant capital markets work is close a hand. I think this article also underscores the trend of mobility in the profession. We are starting to see more of that again, which is another sign to me that some of us see a recovery at hand.
I take this as a sign that some law firms are preparing for a brighter future in the belief that a solid economic recovery is now underway and that, despite the bad news of lagging indicators such as unemployment, significant capital markets work is close a hand. I think this article also underscores the trend of mobility in the profession. We are starting to see more of that again, which is another sign to me that some of us see a recovery at hand.
Subscribe to:
Posts (Atom)
