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Aspiring Lawyers - Applications & General Advice
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Law firms as a business- Doubt
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<blockquote data-quote="futuretraineesolicitor" data-source="post: 86594" data-attributes="member: 4098"><p>Hello guys, hope you are doing well. I had a question about the business of law firms, I'd be grateful if you could please help me out with it. I wanted to know, why do firms that don't have a common profit pool open International offices. I mean if I were running Hogan Lovells London office (which I'm assuming does not share its profits with other international offices), why do I even care about those international offices existing. Do the the Hogan Lovells international offices function as franchises of the London office, and do they pay the franchise fee to the London office? Thanks in advance.</p></blockquote><p></p>
[QUOTE="futuretraineesolicitor, post: 86594, member: 4098"] Hello guys, hope you are doing well. I had a question about the business of law firms, I'd be grateful if you could please help me out with it. I wanted to know, why do firms that don't have a common profit pool open International offices. I mean if I were running Hogan Lovells London office (which I'm assuming does not share its profits with other international offices), why do I even care about those international offices existing. Do the the Hogan Lovells international offices function as franchises of the London office, and do they pay the franchise fee to the London office? Thanks in advance. [/QUOTE]
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