Global Networks or Global Firms? The Organizational Implications of the Internationalization of Law Firms

Glenn Morgan and Sigrid Quack

Chapter 9 in Multinationals, Institutions and the Construction of Transnational Practices, 2006, pp 213-238 from Palgrave Macmillan

Abstract: Abstract The 2004 World Investment Report produced by UNCTAD was entitled ‘The Shift towards Services’. The report stated that ‘the structure of FDI has shifted towards services. In the early 1970s, this sector accounted for only one-quarter of the world FDI stock; in 1990 this share was less than one-half; and by 2002, it had risen to about 60 per cent or an estimated $4 trillion’ (p. xx). The report also noted that ‘despite the growth and dominance of services FDI, the services sector is less transnationalized than the manufacturing sector’. In this chapter, we examine one particular services sector that is a fast growing area for FDI — that of legal services. As the UNCTAD report states, ‘the legal business is skills oriented and strongly host-country specific. Each country has its own legal code upon which firms operate’ (p. 112).

Keywords: Practice Group; World City; Global Firm; World Investment Report; World City Network (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50230-7_9

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DOI: 10.1057/9780230502307_9

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