Major American law firms have long had a presence abroad, staffed by a combination of local counsel and lawyers from the home office. But as the economic downturn continues to cause upheaval in corporate America and the law firms that serve it, many firms are relying on their international outposts to keep profits up — and a growing number of lawyers are starting to look overseas for work. Not long ago, the City of London was New York’s primary competitor for financial talent, and Britain was often one of the first choices for lawyers deciding to head abroad.
But with Wall Street in tatters and London struggling as the credit crisis plays out, lawyers and analysts say that the most promising places for legal careers are such far-flung locales as Dubai, Abu Dhabi and Hong Kong. Even though Dubai’s booming economy has cooled sharply recently, lawyers say demand for their services remains strong there, and other overseas markets are still beckoning lawyers despite the global impact of the credit crisis — at least for now.
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Hmmm.......Dubai seems pretty hip, no?
2 comments:
ehh, i've actual met quite a few people from the united emirates over here. wouldn't say it sounds like a 'hip' place. they do love it though.
i've read the housing market is going to shit in dubai...i would like to see it for myself though..
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