Leading US law firms harvest the world’s largest legal market at home and plough cautiously elsewhere, while many of the biggest British-based firms have placed a huge bet on building extensive international networks and a global presence. Who’s right?
In one of the midtown Manhattan high-rises that house the cream of the US legal profession, a combative senior partner seems uncharacteristically unsure when asked about the threat posed by his London-based rivals. While he thinks the British have failed to make the inroads into the New York market they desperately want, he acknowledges that […]