Home > Outside Counsel > Girdle-the-globe transactions as the counterpart of bet-the-company litigation – blue moon events
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Girdle-the-globe transactions as the counterpart of bet-the-company litigation – blue moon events

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The gigantic law firms that circled the globe always talk about how valuable they are in a huge transaction that requires lawyers to combine from multiple countries. Of course, there are huge deals that require legal advice in many countries, and of course when there is a blue moon it would be an advantage to have one law the firm that combines and coordinates all that knowledge. But, like the apocryphal bet-the-company lawsuit, sightings are few and far between – once in a blue moon.

Legal departments only rarely get sufficient benefit from girdle-the-globe firms on more local matters to offset their higher overhead and rates (See my post of Feb. 28, 2006: bet-the-company litigation, rare but often cited; Jan. 18, 2009: lawsuits don’t account for much stock volatility; and June 17, 2009: operational and financial risks are deemed much more worrisome.).

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One response to “Girdle-the-globe transactions as the counterpart of bet-the-company litigation – blue moon events”

  1. Robert Rogers says:
    July 28, 2009 at 2:47 pm

    When the managing partners for First Law International were corporate counsel, they recognized the inefficiencies inherent in the structure of these global firms and decided to create a firm that emphasized more efficiencies both from a cost and a time perspective. By streamlining the process, not only can a company use the firm for these “blue moon” projects, but also for more traditional support globally.