Institutional Legacies and Firm Dynamics: The Growth and Internationalization of UK and German Law Firms

2005 ◽  
Vol 26 (12) ◽  
pp. 1765-1785 ◽  
Author(s):  
Glenn Morgan ◽  
Sigrid Quack
Keyword(s):  
German Law ◽  
Firm Dynamics ◽  
International Markets ◽  
Professional Activity ◽  
Law Firms ◽  
Legal Services ◽  
Institutional Contexts ◽  
The Uk ◽  
Institutional Legacies ◽  
Path Modification

This article addresses the question of how economic actors (re)shape their organizational and institutional contexts as their activities internationalize. By focusing on law firms, we choose a professional activity that has been regarded as highly determined by the national distinctiveness of professional and legal systems and would lead us to expect strong institutional legacies on firm dynamics. The comparative study of the growth and internationalization of corporate law firms in the UK and Germany presented in this article, however, refutes this view. The results reveal that in both settings ‘institutional pockets’ of corporate lawyers existed whose entrepreneurial orientations and international reach were much stronger than among other subgroups of the profession. From the 1970s onwards, these lawyers and law firms engaged in redefining their organizational and institutional contexts with the aim of positioning themselves in ways that would allow them to seize upon the emerging international markets for legal services. They did so in different ways and at different times in each country. We conclude that internationalization of UK and German law firms bears traces of institutional legacies as well as signs of path-modification, and that international markets for legal services may be more differentiated and less dominated by Anglo-Saxon law firms and conceptions of law than has been so far recognized.

Knowledge as a Revenue Driver, Not a Cost Centre: the LexisNexis GLP and How to Use Market Intelligence to Make Knowledge a Vital Growth Engine for Law Firms

2020 ◽  
Vol 20 (4) ◽  
pp. 213-218
Author(s):  
Christopher O'Connor
Keyword(s):  
Quantitative Measure ◽  
Law Firms ◽  
Legal Services ◽  
Market Intelligence ◽  
Link Type ◽  
Marketing Team ◽  
Virtual Conference ◽  
The Uk ◽  
Individual Metrics ◽  
Legal Product

AbstractThis article by the LexisNexis Segment Marketing team explains the approach, methodology and findings of the LexisNexis Gross Legal Product (GLP) report, first presented at the BIALL's Virtual Conference in June 2020. The GLP is a quantitative measure of underlying demand for legal services in the UK, comprised of 250 individual metrics which serve as proxies for legal activity. The article outlines the methodology and sources used to build the GLP; headline findings for Q2 2020 YTD; and provides suggestions for how firm leaders and knowledge professionals could use the information in their work. The GLP Q2 model found that demand for legal activity has declined by 7% since the start of 2020.

Delivering Library Services in an MDP Environment

2001 ◽  
Vol 1 (3) ◽  
pp. 18-20 ◽  
Author(s):  
Catherine Hewson
Keyword(s):  
Professional Services ◽  
Law Firms ◽  
Library Services ◽  
Legal Services ◽  
Knowledge Resources ◽  
The World ◽  
Tax Practice ◽  
The Uk ◽  
Professional Services Firm ◽  
Research Service

The MDP environment in which I work is the professional services firm of Andersen. I am the manager of the combined research service for Andersen's UK Tax practice and the Andersen Legal law firms in the UK. Andersen Legal in the UK is the firm of Garretts in England and Dundas & Wilson in Scotland. Andersen Legal practices share knowledge, resources and technology to offer a broad range of legal services to clients around the world.

The re-landscaping of the legal profession: Large law firms and professional re-regulation

2011 ◽  
Vol 59 (4) ◽  
pp. 507-529 ◽  
Author(s):  
John Flood
Keyword(s):  
Self Regulation ◽  
Legal Profession ◽  
Law Firms ◽  
Legal Services ◽  
Legal Market ◽  
The Uk ◽  
City Of London ◽  
Global Law ◽  
The City ◽  
The Eu

The size and scope of global law firms has made them difficult to encompass within a single regulatory jurisdiction. As the UK government sought to take control of the legal profession and market by removing self-regulation and introducing external regulation under the Legal Services Act, the large law firms were able to countermand the new regime. Through a combination of associations like CityUK, the City of London Law Society, as well as through individual firms, large law firms lobbied successfully to reinstate a new form of self-regulation known as AIR. The elites of the legal profession constructed a new logic of professionalism that accorded with the firms’ ideologies and government’s market-oriented objectives. Further attempts to consolidate their position at the EU and at the GATS levels are still in negotiation. Despite the legal market shifting to a more diffuse combination of actors, of which lawyers are only a segment, elite law firms have apparently strengthened their hold.

scholarly journals Razlikovanje uslovnih od kumulativnih naknada advokata: uporedna studija procene rizika osiguravača u parnici u Velikoj Britaniji i SAD

2021 ◽  
Vol 20 (2) ◽  
pp. 41-65
Author(s):  
Zia AKHTAR
Keyword(s):  
Civil Litigation ◽  
Law Firms ◽  
Legal Services ◽  
Insurance Company ◽  
Effective Management ◽  
Legal Provision ◽  
After Effects ◽  
Litigation Process ◽  
The Us ◽  
The Uk

The Conditional Fee Agreements in the UK and the Contingency Fee in the US for legal retainers can be distinguished by their risk lawyers take even if they both allow law firms to be stakeholders in the litigation process. The introduction of the conditional fee agreements (CFI) in England enabled a framework of civil litigation that could be relied upon where the cause of action could not be financed by the client. There was an element of risk involved which the insurance company had to calculate and the Jackson Reforms were responsible for effective management of litigation through the introduction of costs budgeting. While the after effects insurance was abolished the various forms of CFI could facilitate the insured litigant. This has been harmonised by a consumer based legal provision in the UK that is the priority of the Legal Services Act 2007. The comparison needs to drawn with the contingency fee agreement offered by US firms that have encouraged litigation and allow the losing party to forfeit costs when losing their case. The argument of this paper is to retain both these form of agreements in their respective jurisdictions but to retain the flexibility of allowing out of court settlements.

Parliamentary Oversight of Independent Regulatory Authorities in India

2018 ◽  
Vol 64 (3) ◽  
pp. 487-501
Author(s):  
Surendra Kumar
Keyword(s):  
Regulatory Policy ◽  
Regulatory Reform ◽  
Business Environment ◽  
Regulatory Environment ◽  
Regulatory Authorities ◽  
The Usa ◽  
Institutional Contexts ◽  
The Government ◽  
The Uk ◽  
Parliamentary Oversight

Independent regulatory authorities have become an important component of the governance landscape in India and elsewhere. Some regulators have achieved useful outcomes in India. However, the creation of independent sectoral regulators in India has not been accompanied by critical reflection on their role, or attention to the political, legal and institutional contexts within which they operate. Lessons can be learnt from mature regulatory policy countries, such as the USA, the UK and Australia, that the regulatory environment needs to be constantly evaluated to make sure it is keeping pace with the changing technology, business environment and consumer needs and demands. Despite the number of bodies in India that are involved or responsible for regulatory reform, there is one function that seems to be missing and that is of a central oversight function. Most countries have an explicit whole of government regulatory policy and an oversight body, sometimes more than one, that is/are responsible for embedding some of the systemic tools across different parts of the government machinery.

scholarly journals Promotion to Partner in Large Law Firms Operating in the United Kingdom: Tournament Theory and the Monitoring of the Implied Promise

2021 ◽  
Author(s):  
◽  
David Howell Shufflebotham
Keyword(s):  
United Kingdom ◽  
Relevant Literature ◽  
Theoretical Framework ◽  
Law Firms ◽  
Law Firm ◽  
Tournament Theory ◽  
The United Kingdom ◽  
Core Elements ◽  
The Uk

<p>This research is a study of the promotion to partner process in large law firms in the United Kingdom (UK). It is concerned with the application of tournament theory to such firms. In particular it is an examination of the ability of associate lawyers to monitor the implied promise that, in prescribed circumstances, they will have the opportunity of becoming a partner at their firms. In order to identify whether or not the rules of tournament theory on promotion to partnership hold true when set against the experiences of lawyers in large law firms operating in the UK, I established a theoretical framework based on a review of the relevant literature. I then tested that theoretical framework with data from two sources: case study interviews with partners at a large UK law firm; and a questionnaire distributed to a wider sample group of partners across a number of large UK law firms. The research found strong evidence to support the application of the core elements of tournament theory to large law firms in the UK. The research also found, however, that the implied promise envisaged by tournament theory was not the promise monitored by the individuals who took part in the research project.</p>

Knowledge Management in Law Firms

2011 ◽  
pp. 1818-1840
Author(s):  
Petter Gottschalk
Keyword(s):  
Knowledge Management ◽  
Law Enforcement ◽  
Law Firms ◽  
Legal Services ◽  
Legal Knowledge ◽  
Law Firm ◽  
Social Community ◽  
The Creation

Law enforcement is of concern to law firms. A law firm can be understood as a social community specializing in the speed and efficiency in the creation and transfer of legal knowledge (Nahapiet & Ghoshal, 1998). Many law firms represent large corporate enterprises, organizations, or entrepreneurs with a need for continuous and specialized legal services that can only be supplied by a team of lawyers. The client is a customer of the firm, rather than a particular lawyer. According to Galanter and Palay (1991, p. 5), relationships with clients tend to be enduring:

Facings

2021 ◽  
pp. 99-130
Author(s):  
Swethaa S. Ballakrishnen
Keyword(s):  
Peer Interactions ◽  
Law Firms ◽  
Legal Services ◽  
Gender Parity ◽  
Women Lawyers ◽  
Advantageous Position ◽  
Female Professionals ◽  
Mixed Gender

This chapter discusses the ways in which relationships between female professionals and their clients, peers, and mentors help create and reinforce interactional hierarchies in these spaces. Certainly, professionals in these firms have been socialized to be comfortable in mixed-gender settings. But although supportive peer interactions are necessary to create an environment of gender parity, women in elite law firms also are especially backed by an important external audience that does not actively discriminate on the basis of gender — their clients. Elite law firms in India, unlike their traditional counterparts, retain a “sophisticated” client base of international and high-end domestic clients. This setup affords a comparatively advantageous position — especially for women lawyers — for a range of reasons. First, many clients are comfortable with women in their workplace and as allies in transactions. Second, the nature of the legal work handled by these firms does not prime gender frames in lawyer–client interactions. Third, the closed market for legal services offers another interactional advantage — retained and repeating clients.

6. Legal services

2017 ◽  
Author(s):  
Scott Slorach ◽  
Judith Embley ◽  
Peter Goodchild ◽  
Catherine Shephard
Keyword(s):  
Legal Profession ◽  
Legal Services ◽  
England And Wales ◽  
The Uk

This chapter examines the development of the legal profession in the UK. It discusses lawyers as professionals; the importance of legal services and their regulation; the legal profession in England and Wales; the role of ethics in lawyers’ work and the changing face of the legal profession within society.

Lone River Winery Company

2011 ◽  
pp. 90-103
Author(s):  
Emmanuel O. Tetteh
Keyword(s):  
Business Strategy ◽  
International Markets ◽  
Strategy Management ◽  
Electronic Business ◽  
Technical Expertise ◽  
Internet Infrastructure ◽  
Online Business ◽  
Key Features ◽  
The Uk ◽  
Tools And Techniques

This chapter discusses a case example of Internet infrastructure and e-business strategy management in small and medium-sized firms (SMFs). The case focuses on the key features of electronic business strategy using a virtual organizing framework. Based in the Swan Valley region of Perth, W. Australia, Lone River Winery Co. Ltd., has over the past five years employed the Internet to extend its business scope beyond the Australian wine market. The company produces and markets some of the choicest brands of Australian wines in the UK and Japan using an integrated online ordering and inventory control system. This has saved the company a lot of money and generated sales increases without having to invest in more staff and warehousing facilities. For Lone River Winery (LRW) Co. success on the Net has depended on some critical factors such as in-house technical expertise, continuous search for tools and techniques for managing the firm’s core operations, and the continuous reorientation of the online business model in response to changes in the local and international markets.

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