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On Friday March 19th, IE Law School held an event in New York to launch the “Global Legal Management Project”, in collaboration with the Spain US Chamber in New York as well as with Ripplewood Holdings LLC. The event was held as a roundtable to debate on the topic “Global legal management: new trends and challenges”. The speakers were Wanda Olson, Cleary Gottlieb Steen & Hamilton partner, Evan Cohen partner at the New York office of Clifford Chance, Marisa Méndez, IE Law School professor and Brian Rance, partner at the New York office of Freshfields and José María de Areilza, IE Law School Dean, as moderator. The participants on the roundtable were lawyers from US Law Firms, global Law Firms and Spanish Law Firms as well as in house lawyers from companies based in New York.
The object of the debate were the changes suffered by the legal profession and how the economic downturn has influenced the management of the Law Firms. Participants talked about internal reestructuring of law firms due to the economic downturn, relationship between laywer and client and conflicts of interest. Some of the concusions from the roundtable were "Legal market: the key to compete in a globalized market with a higher number of players is to invest in people" and "Lawyers need not only to understand their clients, but also to manage professional services firms and to be leaders of their firms".
The Global Legal Management Project is an initiative created by IE Law School, in cooperation of IE Business School, with the aim of generating and sharing knowledge in the areas of law firm management and lawyers’ professional development.
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