The Future of Law is International
Asia Business Law has a posting today titled The Future of Law is International. A 'sound-byte' :
"The day is fast approaching when an American law student will not be able to find a job working as an attorney unless he or she has a basic working knowledge of international law and a basic fluency in a foreign language."
..... and another, this time quoting another blog, What About Clients :
"In 2004, services, sold alone or as support features to the sale of good and products, accounted for over 65% of the gross domestic product (GDP) in the US, 50% of the United Kingdom's GDP and 90% of Hong Kong's. The growing "global economy", the expansion of the services sector, the Internet and the resulting ability to partner with people and entities all over the world permit our smallest clients to do business abroad. And lawyers in all jurisdictions can act for interests outside their borders."
As is often the case, the comments posted to this piece also make interesting reading. For instance:
"As the market economy continues to be globalized, the laws that govern transactions need to be and are being homogenized (novus ordo seclorum). The problem, and IPR is a good example of this, is not whether there are laws but whether the laws are being enforced and how they are being enforced."
and
"I agree that it's ultimately a law student's responsibility to mold his or her career, but it is also the academy's duty to prepare the students for working in the real world. If it's not already, international law will be as important as civil procedure or constitutional law. Can you imagine going through law school without taking civ pro?"
How does the increasing globalization of professional services feature in your firm's strategy?
Comments, as always, are most welcome and may be posted below.