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[Ed. Note: The June edition introduced numerous accounting-related issues that firms confront when they use foreign currencies. This new article raises additional accounting-related challenges of international compensation and taxation, while also highlighting the broader planning issues associated with a law firm's decision to expand its operations globally. The article authors, both from PricewaterhouseCoopers' Law Firm Services Practice, had A&FP's readership specifically in mind when preparing this analysis.]
Operating An International Law Firm: Risks And Rewards
It's not surprising that law firms are extending their reach internationally, particularly if you consider the growth of their multinational clients. Large multinational companies across a wide variety of industries are expanding globally in order to capture new markets, reduce operating expenses, take advantage of lower manufacturing costs, and meet worldwide consumer demand.
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