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I think this is a tricky one to answer. I was talking to a Senior Partner who pointed out that his firm was more able to invest in legal tech than other, bigger, more international firms because it was more profitable, so I’m not sure your first assumption is on the surest footing. I would instead look at metrics like PEP to assess whether a firm is likely to have enough profit to invest in new initiatives.Also, a lot of city firms have prestige, not just the large international firms so the assumption doesn’t really hold true. If it was firms with best friend networks wouldn’t exist. And being blunt, they are preferred over international firms in some circumstances.I think to answer this question you’re better off focussing on what benefits the international structure of a law firm has, including how different international offices work together.
I think this is a tricky one to answer. I was talking to a Senior Partner who pointed out that his firm was more able to invest in legal tech than other, bigger, more international firms because it was more profitable, so I’m not sure your first assumption is on the surest footing. I would instead look at metrics like PEP to assess whether a firm is likely to have enough profit to invest in new initiatives.
Also, a lot of city firms have prestige, not just the large international firms so the assumption doesn’t really hold true. If it was firms with best friend networks wouldn’t exist. And being blunt, they are preferred over international firms in some circumstances.
I think to answer this question you’re better off focussing on what benefits the international structure of a law firm has, including how different international offices work together.
