In the high-stakes motor race to be the preeminent global law firm, the four major U.K.-founded legalese giants offer interesting snapshots of their current strategic modus operandi.
Freshfields Bruckhaus Deringer appears to be the meticulous contender, seemingly committed to honing its competitive edge by carefully building up its resources and capabilities.Read More
In contrast, Clifford Chance finds itself back at the drawing board after a dramatic failure with its initial approach. The firm is now experimentally engaging with different models and strategies in an effort to regain momentum.
The state of play for Allen & Overy and Linklaters is less clear-cut. Despite seeming quiet on the U.S front lately, it remains to be seen whether their latest strategic adjustments possess the necessary horsepower to keep them in this demanding race.
The broader question, however, is whether these firms, amidst their strategic shifts, pay attention to their associates’ rising concern regarding job security and the looming implications of possible layoffs as the competitive pressures intensify in the legal sector.