The Lawyer Article on International Law Firm Networks Features MSI Global Alliance
An article in The Lawyer titled An alternative route draws attention to the continued internationalisation of business and the growing relevance of international law networks such as MSI Global Alliance
An article in The Lawyer titled An alternative route draws attention to the continued internationalisation of business and the growing relevance of international law networks such as MSI Global Alliance.
Confirming the importance of networks to independent firms with growing cross border practices, the article states "..despite the internationalisation story and the ongoing search for merger partners around the world, law firm networks still seem to be thriving. Chances are, if a small firm is not associated with an international practice in some way, it will be a member of a global network."
It also explains to readers that networks provide 'the opportunity to market yourself to clients as being able to provide a global service, even if your firm has one office in one country. At the same time, network members can still celebrate their independence.'
MSI's CEO James Mendelssohn is quoted extensively throughout the feature, and commenting on the suitability of global law firm networks to smaller clients, Mendelssohn commented: “Clients don’t necessarily like big. We’re seeing firms that are the typical network member really benefitting from that sort of thing. The recession is making clients be a lot more critical about who they buy.”
The article concludes that 'It seems clear that in just a few years a significant proportion of commercial law firms will either be part of a membership network, in a ‘best friends’ style alliance, or merged with an international player. Globalisation is here to stay and there is no corner of the legal market which will escape.'
Read the full article on global law firm networks.
- Add new Comment (Required: Please login below to comment)