By: Anthony E. Davis

Despite aggressive competition from London's Magic Circle, U.S. firms historically have dominated the market for global legal services. But that dominance is now at risk. Our system of lawyer regulation, including substantively outdated ethics rules and inconsistent state-by-state rule making, inhibits all U.S. lawyers - whether they practice at large multioffice firms, small single-office firms, or in solo shops - from providing the seamless, efficient, and cost-effective service for which clients of every size and level of sophistication are crying out.

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This publication has been prepared by Hinshaw & Culbertson LLP to provide information on recent legal developments of interest to our readers. It is not intended to provide legal advice for a specific situation or to create an attorney-client relationship.