Challenges in the global legal arena are both universal and completely specific to the organization. There are many and they change constantly, and every organization must execute its strategy differently as a result. You simply cannot take an off-the-shelf strategy for law firm expansion globally, or a manual for ‘delivering corporate legal services in Zambia’ and expect to apply it with any success.
While we are seeing massive changes in global financial markets, there is no turning back the globalization of business, and the legal services that support it. These changes will bring new approaches and new models. But rather than ‘wait and see’, the key is to look out to the horizon to plan the way forward for your organization.
While the challenges you face to succeed globally should focus on action, they must start with critical thinking. That is the premise behind the Bright Ideas book. I invited big thinkers in global legal services from around the world to address the topics near and dear to them. Their bright ideas should help you find your way forward.
E. Leigh Dance, Editor of Bright Ideas: Insights from Legal Luminaries Worldwide
Global law firms face strategic challenges related to size, scope, locations, practices and services they offer, technology to support their global infrastructure, legal talent with diverse cultural backgrounds, broad practice qualifications, pricing, local and global competition, global client relationship management, quality control, client and internal reporting and communications, building a global identity -- and that’s just a start.
Global corporate law departments face strategic challenges related to the range of laws and regulations where their companies operate, increasing complexity and geographic breadth of transactions, ethics and compliance landmines from one country to another, motivating and managing global in-house legal teams, using technology to improve productivity, budgeting and metrics on a global scale, driving greater value from law firms, selecting advisors in remote locations worldwide, handling investigations and other potential crises remotely-- and that’s just a start.
You must start by clarifying where you are now and where you want to be,
then look at foundational best practices,
and then tailor your strategy and implementation to your organization and its specifics, including:
Foundational best practices come from gathering information and insights from others around you, and this book provides that sort of resource. Engage in conversations on key issues with your peers and read with both a critical and open mind. Don’t be overly swayed by the noise of the day.
The development, implementation and adjustment of the strategic plan then requires involvement of a number of business disciplines and the full commitment of the leadership of the firm.
Profits from Bright Ideas book sales will go to Advocates for International Development, an international pro bono organization. www.A4ID.org