Hoist on their own petard? “Are U.S. law firms losing international business opportunities because a surprising number of in-house lawyers prefer to seek counsel in other countries? That’s the conclusion of a survey that suggests global companies would rather be advised by British firms.” One of the apparent factors involved is that international firms often prefer dealmaking that specifies British or European rather than American jurisdiction in case of later dispute. [David Hechler, Corporate Counsel]
2 Comments
Well, duh!
No business with options is going to choose to be headquartered in the US, with its out of control, corrupt legal industry and escalating federal hyper-regulation.
I often try and get dispute resolution clauses in my agreements that specify arbitration in a foreign jurisdiction. Reason: The ABA will accredit any head injury clinic that calls itself a law school, and American law schools graduate way more fuckheads than foreign ones. I’ve never met a Canadian lawyer I couldn’t get along with. Nor any other country, except the UK. UK lawyers tend to be even bigger morons and douchebags than our own.