How Do Legal Networks Strengthen International Business Transactions?

 

Introduction and History

Legal networks have progressed to becoming dynamic organisations that provide benefits extending beyond the interests of those holding their membership. In time across their history, they have expanded from being relatively informal associations to structured and nuanced platforms for the expansion of shared resources. There are today hundreds of legal networks across the globe that are organised along the lines of geography, sectoral affinity and scale of operations. Broadly, they enable the seamless provision of legal services in the most diverse of commercial transactions, which is an aspect that is relevant now more than ever. The current rate of collaboration of commercial entities across the globe outpaces the capacity of individual professionals in their respective jurisdictions to keep up.

Legal networks emerged in favour of seeking operations in markets outside the firm’s original jurisdiction. While initially, these relationships resembled a set of private collaborations, in recent decades especially when considering the acceleration of globalisation, legal networks have assumed different strategic modalities. What started in the 1980s as law firms expanding their presence overseas in jurisdictions such as the United States in the form of best friend networks, has gained significant credibility by evolving to structures with an operational structure not unlike a formal institution. Most reputable law networks conduct activities including organising events for knowledge transfer, providing referrals, and the adoption their own unique brand in the forwarding of their collective interests.

At WLN, we help facilitate cross-border business between member firms through our frequent, high-quality networking events and easy referral scheme. Want to find out more? Contact Hannah at manager@warwicklegal.com.

 

For further information, please contact:

Gautam Khurana, Managing Partner

India Law Offices, New Delhi

e: g.khurana@indialawoffices.com

t: +91 11 24622216

 

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