Institutional Bridging: How Large Law Firms Engage in Globalization
36 Pages Posted: 28 Apr 2013 Last revised: 22 Nov 2015
Date Written: April 27, 2013
This article introduces the "Born Global" concept into the discussion of law firms and lawyers. Born Global firms are companies that globalize at an accelerated rate. This article illustrates that English and American law firms are the precursors to Born Global companies and highlights how the common law has facilitated this process. It also demonstrates, through modern case studies, how lawyers and the common law continue to have a globalizing effect in the business world. Last, the article argues that the disparity between UK and US law firms created by the the UK Legal Services Act 2007 may create an opportunity for the UK law firms to truly break out ahead of their US counterparts.
Keywords: globalization, law firms, lawyers, born global, common law, Legal Services Act 2007, UK, US
JEL Classification: J44, L10
Suggested Citation: Suggested Citation