Report this comment to a moderator

Baker & McKenzie king of the global legal brands - but magic circle closes the gap

@ Anonymous "Whith Bakers, HogLove and DLA in the top ten it is clear that this is predominantly about ubiquity and nothing to do with prestige." Would be nice for you to do your due diligence before you make such a statement. Not sure what you consider prestigious, where you have lived the last few years when the global legal industry landscape has shifted, and what law firms you are familiar with but those three firms you mention happen to be very prestigious in many of the jurisdictions where they are present. More over, if you look at the history of Hogan for example, you'll realize that the firm comes from very reputable origins in the Washington, DC market. As for Baker McKenzie and DLA, their only sin is to have taken advantage of favorable market trends and of listening to clients while traditional law firms refused to do so. These firms have focused on building strong businesses with an even stronger client-focused culture while some of the "white shoe" and "Wall St" firms are busy resting on their laurels; moreover, PRESTIGIOUS clients (I invite you to take a look at their client lists) and incredibly talented lawyers and business professionals are joining the ranks of these global power houses. It can't be for no reason! Not only are clients saying so, their financial performance speaks to this truth. The old school mentality and way of judging law firms is not doing you or traditional and stubborn law firms and lawyers any favors. Congratulations to the leading firms and may those US firms not in the top 20 take a hint from UK firms and their leading US brands and learn more about exporting their services, listening to clients and approaching their business in a more innovative fashion.

28-Oct-2011

2:55 am