Transcript My First Presentation - Washington College of Law

Globalization and the Legal Profession
INTERNATIONAL LEGAL EDUCATION
ABROAD CONFERENCE
American University, Washington
College of Law, April 2, 2012
Prof. Laurel S. Terry ([email protected])
Penn State Dickinson School of Law
Roadmap
• The global dimension of law practice
• Observations about lawyer regulation
• Implications for legal educators
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I. The Global Dimension of Law Practice
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
1998
1999
2000
2001
2002
Exports United States
Imports United States
2003
2004
2005
2006
2007
2008
Exports United Kingdom
Imports United Kingdom
3 at ¶7
Source: WTO Secretariat Report on Legal Services, S/C/W/38 (June 2010),
The Global Dimension is… Global
Chart 2: Global Legal Services Market Segmentation: 2008
Percentage share by value
Asia-Pacific, 9.40%
Europe, 36.50%
Americas, 54.10%
Source: WTO Secretariat Report, supra, at ¶5
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Globalization Affects All US States
*All states except Hawaii and Wyoming had 2010 exports in the billions
Source: Office of Trade and Industry Information (OTII), Manufacturing and
Services, International Trade Administration, U.S. Department of Commerce. 5
Slide content from Jim Jones at the May 2009 CCJ-Globalization Conference
States in Which NLJ 250 Firms Have Offices
(U.S. “imputation” rules extend the effects of globalization)
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Slide content by Jim Jones at the May 2009 CCJ-Globalization Conference
Source: Fortune 500, May 2009
Concentration of Fortune 1000 Companies
12
1
6
3
10
98
32
27
1
4
11
32
5
10
58 15
13
7
6
1
29
61
54
27
33
41
24
1
2
9
23
5
8
1
118
94
4
11
29
6
32
2
1 - 9 Fortune 1000 Cos.
10 - 20 Fortune 1000 Cos.
21 - 30 Fortune 1000 Cos.
Over 30 Fortune 1000 Cos.
7
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Slide content by Former ACC Gen’l Counsel Susan Hackett (5/09 CCJ Conf.)
Source: Extracted from ACC
data.
Companies with In-House General Counsels
1,224
39
33
21
678
1,230
411
153
39
3,513
2,451
4,059 765
51
2,829
204
1,341
1,386
894
339
177
10,761
5,127
1,083
18
312
2,115
1,098
51
264
108
1,635
375
90
180
252
240
1,46
3,366
4 282
1,068
279
33 372 2,088
5,214
309
96
45
Puerto Rico 12
Virgin Islands 3
500 - 999 Companies
1 - 99 Companies
100 - 499 Companies
1,000 – 2,999 Companies
3,000+ Companies
2,166
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This is More Than a BigLaw Phenomenon
• In 2010, 12% of U.S. population was foreign born
(more than 37million)
– 16 states (almost one-third) had a foreign-born population
that was ≥10%
– Examples: California (27.2%,), Nevada (18.9%), New
York (22.2%), Florida (19.4%), Massachusetts (15%),
Washington (13.1%), Maryland (13.9%) & R.I. (12.8%)
– Selected cities [2009]: LA (39%), San Jose (38%), NY
(35%), Boston (25%), Austin (20%), Chicago (20%),
Denver (15%), Charlotte (13%), & Columbus (10%)
Sources: ABA Commission on Ethics 20/20 Proposed Model Rule on Pro Hac Vice
Admission & U.S. Census Bureau, 2010 American Community Survey, MPI Data Hub
See also Laurel S. Terry, The Legal World is Flat: Globalization and its Effect on Lawyers
Practicing in Non-Global Law Firms, 28 Northwestern J. Int’l L. & Bus. 527 (2008)
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BRICs: Brazil, Russia, India, China
South Africa
has now
joined this
group which
is now known
as “BRICS”
Source: Goldman Sachs, Dreaming With BRICs: The Path to 2050, Global Economics Paper #99
(2003), http://www2.goldmansachs.com/our-thinking/brics/brics-reports-pdfs/brics-dream.pdf
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This Shift will affect clients & thus lawyers
Source: See previous slide
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II. Is There a Coordinated Regulatory Regime?
• Not really…we are at the beginning stages:
– ABA Commission on Ethics 20/20
• “Inbound” lawyer proposals
– Council of the ABA Sec. of Legal Ed. & Admission[s]
• Pending Model Rule on [Full] Admission for LL.Ms
• Comments sought on off-shore accreditation rules
– New York LL.M - Bar Eligibility rules
– Conference of Chief Justices
• Discipline cooperation with the CCBE & Law Council of Australia
– Global Efforts (Bologna Process, GATS, APEC, etc.) 12
III. What Should Legal Educators Do?
Recognize that….
– We live in a global world
– Students from all law schools will need to be
prepared to represent clients with global needs
– Int’l programs expose students to law’s global
dimension – directly and indirectly
– Note: Could we better leverage the global exposure
students have?
• See, e.g., Carole Silver, Fordham 2012,
http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=288407
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To Read More About It…
• ABA Commission on Ethics 20/20
– http://www.americanbar.org/groups/professional_responsibility/aba_c
ommission_on_ethics_20_20/initial_proposals.html
• WTO Secretariat’s 2010 Legal Services Paper,
– http://www.wto.org/english/tratop_e/serv_e/legal_e/legal_e.htm
• International Association of Legal Ethics (and ILECs)
– http://www.stanford.edu/group/lawlibrary/cgi-bin/iaole/wordpress/
• LawWithoutWalls Materials
– http://www.lawwithoutwalls.org/
• Fall 2011 Fordham Symposium on Globalization
and the Legal Profession
• Archived programs at, inter alia, Harvard, Stanford,
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Georgetown, MSU, Akron, & Hofstra
To Read More About It…
By Laurel Terry
Global Legal Practice Resources Webpage:
http://www.personal.psu.edu/faculty/l/s/lst3/globalprac.htm
Links to Publications by Topic:
http://www.personal.psu.edu/faculty/l/s/lst3/
Presentations Page:
http://www.personal.psu.edu/faculty/l/s/lst3/presentations.htm
SSRN page: http://ssrn.com/author=340745
See, e.g., International Initiatives Relevant to Transnational
and Cross-Border Higher Education
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[2011 Presentation & Paper]
My Presentations Webpage:
http://www.personal.psu.edu/faculty/l/s/lst3/presentations.htm
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