Join the International Law Section for their August 7 lunch meeting and CLE presentation.
The Internationalization of U.S. Law Firms: A Reality Check
International activities of professional service firms, such as law firms, have surged due to globalization and the rise of multinational enterprises (MNEs). In connection with this, law firm activities have included such things as establishing subsidiaries, meeting the requirements of securities laws, protecting intellectual property laws, and compliance with the Foreign Corrupt Practices Act.
As many MNEs expanded their scope of international operations, many U.S. law firms followed them. This created opportunities for U.S. law firms to broaden their operations beyond the domestic borders. By the late 1990's, many more U.S. law firms attempted to establish international operations in the hope of achieving increased profitability. The reputation of U.S. law firms and their portfolio of services were growing abroad. While some law firms focused on specific regions of the world, others expanded globally. While some law firms focused on narrow practice areas, others offered a full array of services. Indeed, along with advances in communication and transportation over the last twenty years, there has been increasing interaction with globalized markets by both lawyers and non-lawyers alike. At the same time, the "great recession" of 2008 heightened the pressure on the efficient allocation of resources of many U.S. firms.
Notably absent from most of the discussions regarding law firm internationalization has been any data suggesting exactly how U.S. law firms are actually approaching cross-border demands, opportunities and threats. This brief presentation will quickly cover qualitative and quantitative data suggesting how different U.S. law firms are approaching internationalization - and where they may be going in the future.
Patrick H. Gaughan, Associate Professor, University of Akron Law School
Patrick H. Gaughan is an Associate Professor of Law at the University of Akron Law School. He also is the newly appointed Executive Director of the Innovation Practice Center at the University of Akron; a fellow at the Fitzgerald Center for Entrepreneurship; a fellow of the University of Akron Research Foundation; and an adjunct project consultant at the Youngstown Business Incubator. Pat received his B.A. from Columbia University; J.D. from the University of Virginia; M.B.A. from Trinity College Dublin, Ireland; and is a.b.d., D.B.A. from Cleveland State University in International Business. His doctoral dissertation is on "The Internationalization of Professional Service Firms: The Case of U.S. Law Firms." Pat has been licensed to practice law in Ohio since 1989.
12:00 p.m. Registration & Lunch
12:30 p.m. CLE presentation
$28 - Lunch & CLE - Section members
$35 - Lunch & CLE - Non-Section Members
CLE and lunch only also available
To register, please sign in, click here to download the registration form or call the CMBA Sections Department at 216-696-3525.
||Thursday, August 07, 2014
||Thursday, August 07, 2014
||Cleveland Metropolitan Bar Association
1301 East Ninth Street
Second Level - Galleria
Cleveland, Ohio 44114