Global law firms are racing to find new ways to build revenue. This isn’t really surprising. They know times have changed. The hot deal market that drove last year’s record revenue and profits has cooled. Crippling inflation, Russia’s invasion of Ukraine, continued uncertainty about China and fears of a recession have all hampered global business. 

This explains why law firms have been launching new offices all over: In the past week alone, U.K.-based Watson Farley & Williams opened in Seoul—its fifth office in Asia; Nagashima Ohno also established its fifth office in Asia, launching in Indonesia, where Japanese clients have pledged to invest billions over the next few years; DAC Beachcroft opened offices in Milan and Rome, hoping to expand its insurance offering and provide regulatory advice to clients in Europe; and Clyde & Co merged with a U.S. boutique, gaining a stronghold in Boston.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]