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The rise of super-elite law firms: towards global strategies

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  • Susan Segal-Horn
  • Alison Dean

Abstract

This paper reviews the pressures towards globalisation reshaping the corporate law sector. It uses Yip's [Yip, G.S. (1996). Total global strategy (2nd ed.). Englewood-Cliffs, NJ: Prentice-Hall] framework of global industry drivers. The dominant view has been that the globalisation potential of the legal industry is low since there are few global legal products and many regulatory differences between markets. However, within the corporate law sector, strong regulatory differences between countries are outweighed by the combined impact of market, competitive and cost drivers. Evidence from this research shows that the balance of industry drivers is towards there being benefits to the pursuit of global strategies within this sector. In practice, a small number of very large corporate law firms are implementing global strategies in pursuit of specific sources of future competitive advantage. Thus a small ‘super-elite’ of globalising firms is emerging.

Suggested Citation

  • Susan Segal-Horn & Alison Dean, 2008. "The rise of super-elite law firms: towards global strategies," The Service Industries Journal, Taylor & Francis Journals, vol. 31(2), pages 195-213, November.
    • Handle: RePEc:taf:servic:v:31:y:2008:i:2:p:195-213
    DOI: 10.1080/02642060802706956
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    References listed on IDEAS

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    1. ., 2000. "Networks in International Business," Chapters, in: Economics of International Business, chapter 9, Edward Elgar Publishing.
    2. ., 2000. "Real Options in International Business," Chapters, in: Economics of International Business, chapter 7, Edward Elgar Publishing.
    3. ., 2000. "Conclusion: Methodological Issues in International Business," Chapters, in: Economics of International Business, chapter 10, Edward Elgar Publishing.
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