2014 saw US firms continue to build on a solid home base but extend their reach in Europe, Asia and Africa. As clients seek to consolidate their law firm panels internationally, the Global 100 continue to slug it out.
‘The last 18 months have seen clients increasingly want to internationalise panels – not just country panels, but want to review which firms they are using in each country and assess whether this can be streamlined to use [fewer] firms that can cover more jurisdictions,’ says Hogan Lovells chief executive Stephen Immelt. ‘Rather than have ten different firms, they want five, so they can have greater consistency and more leverage in terms of pricing.’
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