Many UK law firms were early adopters of international expansion strategies and have often been among the strongest advocates of a robust global presence. US firms – which have a much bigger home market than their UK counterparts – have been traditionally more cautious about international growth, although there are some significant exceptions to this. However, in the past 10 years most US firms have decided to expand their network of European offices. This has been driven in part by clients, who see greater business opportunities for themselves outside the US, but it's also been encouraged by an increasing perception – or conventional wisdom – that all consumers of services now prefer 'one-stop shopping'. But where exactly is this expansionist trend among our US colleagues being played out? And is it always the best informed, or most appropriate, strategic move for a big law firm?
Specialist networks of boutiques, local outfits and global firms give better access to expertise, says Tim Frazer Many UK law firms were early adopters of international expansion strategies and have...
Outstanding Individual Innovator award handed to Schillings COO Christopher Mills
The US firm has announced salary increases across its associate scale
Updates from today's Legal Innovation Awards ceremony, with coverage of the awards announcements as they happen
'The message has got through that a little UK merger ain't going to cut it' – reaction to the Addleshaws-Hunton talks
Will Addleshaw Goddard succeed where others have failed and pull off a transatlantic merger?
Head of international financial technology at the firm Angus Mclean is responsible for the new venture