Despite the automotive industry’s woes, a sour real estate market and the overall dismal economy, Motor City law firms are scrambling to stay on top of a burgeoning practice: foreign companies looking for a bargain in Detroit.
“Relative to the major markets, its cheaper in all respects: The lawyers don’t cost nearly as much. The real estate doesn’t cost nearly as much. Human resources don’t cost nearly as much. Everything is less expensive here and people in other countries see that as an opportunity,” said Philip Kessler, chairman of Butzel Long, whose firm of 222 attorneys has seen a noticeable uptick in international business work.
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