Law firms face many options today to capture the enormous opportunities provided by the globalization of business. These opportunities are also threats-valued corporate clients as they expand globally may work with your firm for a progressively smaller share of legal work. The challenge for many law firms is twofold:
- to retain close and expanding ties with valued clients as they grow globally, and
- to expand top practices into new geographic markets, in order to win the best work and maintain a competitive advantage.
Going global is not easy; it requires careful planning, competitive analysis, clear objectives and flexibility to adjust the strategy with experience. For 15 years, ELD International has advised law firms on how to reduce the risks and increase (and hasten) rewards from international activities. ELD International can help your firm avoid many costly errors in international expansion.