Practicing Law in The Global Economy
Kaszak, Nancy L.
MetadataShow full item record
This essay is an edited version of a lecture given by Ms. Kaszak as part of the Francis X. Riley Lecture series at the Northern Illinois University College of Law. It begins by discussing the development of the global economy as resulting from technological developments, such as the personal computer, with the ability to connect globally via the internet, that combine with the relative ease of transporting goods and services across borders making the global economy a reality. It develops the global enterprise as the natural evolution of business in the redefined global economy. The piece then looks at the impact that globalization of the economy has made in the law to include: the difficulty for governments in regulating multi-national corporations, the change lawyers have made in serving such clients, and the law firms that have responded to the global economy by merging across national borders or with accounting firms to become "professional service” firms. Lastly the piece examines some of the issues to be considered for the future in practicing in a global economy without compromising the core values of independence, competence, and loyalty in the legal profession.