How to go international as a solo/small firm?
It seems like there's a new story each week about many of the mega-law firms and their different attempts to break into various international markets, notably China. Here's today's bit about McDermott Will & Emery.
I'm actually set to begin a Chinese language class this week and it just got me to thinking...should little old me with my family/real estate practice be thinking internationally at all? What should drive my decision-making here...size of firm? Practice areas?
To be frank the only extent to which I've considered this market is through a number of the Realtor associations that have strong foreign connections...there's a Hispanic group and probably some other connections to potential foreign buyers. That's the limit to which I've looked at this...possibly some advertising on their Website or something like that. My wife and I are taking this Chinese language class because we've been paired up with a young Chinese couple from Northwestern for some outreach through our church. But it starts ya thinking...you start to have these "social" relationships that potentially become business relationships, and then...are you ready?
I had lunch recently with a small firm colleague (here's his firm...http://www.wagneruslaw.com/) who strangly (or not) had two offices, one in Des Plaines, IL and one in Austria. Long story short one of the firm members had some diplomatic background and had married an Austrian woman. I think their practice has an international business and immigration emphasis. But you need to be ready with the interconnectedness of our world...are you ready?