Transnational Legal Practice (International)[2010-2012]

Laurel Terry


This article covers three years of Transnational Legal Practice developments outside of the US. (It is the companion piece to 47 Int'l Law. 499 (2013) which discusses US developments.) This article discusses the approval of an Alternative Business Structure licensing system by the UK Solicitors Regulation Authority and its subsequent issuance of ABS licenses. The second section reviews the emergence of the “Troika” as a new regulatory influence in Europe, citing as an example the joint ABA-CCBE letter to the IMF. (The Troika refers to the International Monetary Fund, the European Central Bank, and the European Commission.) The third section of the article reviews global developments that involve liberalization or contraction in market access for foreign lawyers, highlighting developments in Singapore, Korea, Malaysia, Brazil and India. The next section provides information about the Asia Pacific Economic Cooperation (APEC) Legal Services Inventory, which is a new web-based resource. It also discusses the September 2012 first-ever International Conference of Legal Regulators. The final section of the article highlights selected transnational legal practice developments around the globe, including developments in Australia, Canada, the UK, and the EU, including developments related the application of anti-money laundering rules to the legal profession