Lawyers Wanted: Abroad, That Is

As a result of a credit crunch, closure of major investment banks and economic recession, many American law firms seek to expand internationally to sustain profits. Previously, lawyers were unwilling to move abroad, but the economy is shifting attitudes, as evidenced by increasing numbers of applicants to law firms abroad, especially in wealthy places like Dubai and Hong Kong. Lawyers anticipate opportunities to advance careers and “growth in Asia and the Middle East that wasn’t in their plans 5 to 10 years ago.” Law firm outposts have also adjusted recruitment strategy: Not so long ago, overseas offices felt compelled to hire less-qualified lawyers from the region, but “can afford to be choosier” now. Left unsaid in the article from the New York Times is how such a shift could eventually influence and even homogenize corporate and international law. – YaleGlobal