On 1st January 2015, offshore law firm Collas Crill announced their merger with Cayman-based law firm Card and became the first and only law firm with offices in Singapore, The Cayman Islands, London and each of the Channel Islands.
We are living in the most interconnected time in human history. We have found new and better ways to communicate with each other, meaning distance, time, cost and culture are no longer barriers to personal and business success. Our ability to communicate, collaborate and persuade no longer depends on our location, device or schedule.
Last week's Sunday Times article (Business Section - "New legal eagles tuck into magic circles lunch") highlighted just how competitive top-end legal services are getting, with global law firms such as Baker & McKenzie wanting to get a slice of the lucrative UK market which is claimed to be worth 1.5% of GDP.
The so called Magic Circle, which is composed of five of the most elite firms in the UK – including Linklaters – have gone through a period of exceptional growth, and have upped their game not just as a result of competition from other members within the circle, but to counter the external threats posed by established and new entrant global firms such as DLA Piper.