1. Globalization and the Legal Profession INTERNATIONAL LEGAL EDUCATION ABROAD CONFERENCE American University, Washington College of Law, April 2, 2012 Prof. Laurel S. Terry (LTerry@psu.edu)LTerry@psu.edu Penn State Dickinson School of Law

2. Roadmap The global dimension of law practice Observations about lawyer regulation Implications for legal educators 2

3. I. The Global Dimension of Law Practice Source: WTO Secretariat Report on Legal Services, S/C/W/38 (June 2010), at ¶7 3

4. The Global Dimension is… Global Source: WTO Secretariat Report, supra, at ¶5 4

5. Globalization Affects All US States Source: Office of Trade and Industry Information (OTII), Manufacturing and Services, International Trade Administration, U.S. Department of Commerce. *All states except Hawaii and Wyoming had 2010 exports in the billions 5

6. States in Which NLJ 250 Firms Have Offices (U.S. “imputation” rules extend the effects of globalization) Slide content from Jim Jones at the May 2009 CCJ-Globalization Conference 6

7. Concentration of Fortune 1000 Companies Over 30 Fortune 1000 Cos. 21 - 30 Fortune 1000 Cos. 10 - 20 Fortune 1000 Cos. 98 118 58 94 13 29 32 29 24 33 32 61 54 41 27 Source: Fortune 500, May 2009 12 22 11 10 23 15 1212 27 10 4 6 1 8 5 2 1 6 7 9 1 1 5 1 1 4 3 6 1 - 9 Fortune 1000 Cos. Slide content by Jim Jones at the May 2009 CCJ-Globalization Conference 7

8. Companies with In-House General Counsels 1,000 – 2,999 Companies 500 - 999 Companies 100 - 499 Companies 10,761 5,214 4,059 5,127 1,230 1,341 1,635 2,166 2,088 1,386 2,829 1,083 2,451 3,513 3,366 1,46 4 1,224 2,115 678 177 894 765 1,068 1,098 264 372 309 33 252 279 39 153 411 204 39 180 339 33 51 312 90 375 1 - 99 Companies 21 18 96 45 108 51 282 240 Puerto Rico 12 Virgin Islands 3 3,000+ Companies Source: Extracted from ACC data. Slide content by Former ACC Gen’l Counsel Susan Hackett (5/09 CCJ Conf.) 8

9. This is More Than a BigLaw Phenomenon In 2010, 12% of U.S. population was foreign born (more than 37million) –16 states (almost one-third) had a foreign-born population that was ≥10% –Examples: California (27.2%,), Nevada (18.9%), New York (22.2%), Florida (19.4%), Massachusetts (15%), Washington (13.1%), Maryland (13.9%) & R.I. (12.8%) –Selected cities [2009]: LA (39%), San Jose (38%), NY (35%), Boston (25%), Austin (20%), Chicago (20%), Denver (15%), Charlotte (13%), & Columbus (10%) 9 See also Laurel S. Terry, The Legal World is Flat: Globalization and its Effect on Lawyers Practicing in Non-Global Law Firms, 28 Northwestern J. Int’l L. & Bus. 527 (2008) Sources: ABA Commission on Ethics 20/20 Proposed Model Rule on Pro Hac Vice Admission & U.S. Census Bureau, 2010 American Community Survey, MPI Data Hub

10. BRICs: Brazil, Russia, India, China 10 South Africa has now joined this group which is now known as “BRICS” Source: Goldman Sachs, Dreaming With BRICs: The Path to 2050, Global Economics Paper #99 (2003), http://www2.goldmansachs.com/our-thinking/brics/brics-reports-pdfs/brics-dream.pdfhttp://www2.goldmansachs.com/our-thinking/brics/brics-reports-pdfs/brics-dream.pdf

11. This Shift will affect clients & thus lawyers 11 Source: See previous slide

12. II. Is There a Coordinated Regulatory Regime? Not really…we are at the beginning stages: –ABA Commission on Ethics 20/20 “Inbound” lawyer proposals –Council of the ABA Sec. of Legal Ed. & Admission[s] Pending Model Rule on [Full] Admission for LL.Ms Comments sought on off-shore accreditation rules –New York LL.M - Bar Eligibility rules –Conference of Chief Justices Discipline cooperation with the CCBE & Law Council of Australia –Global Efforts (Bologna Process, GATS, APEC, etc.) 12

13. III. What Should Legal Educators Do? Recognize that…. –We live in a global world –Students from all law schools will need to be prepared to represent clients with global needs –Int’l programs expose students to law’s global dimension – directly and indirectly –Note: Could we better leverage the global exposure students have? See, e.g., Carole Silver, Fordham 2012, http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=288407 http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=288407 13

14. To Read More About It… ABA Commission on Ethics 20/20 –http://www.americanbar.org/groups/professional_responsibility/aba_c ommission_on_ethics_20_20/initial_proposals.htmlhttp://www.americanbar.org/groups/professional_responsibility/aba_c ommission_on_ethics_20_20/initial_proposals.html WTO Secretariat’s 2010 Legal Services Paper, –http://www.wto.org/english/tratop_e/serv_e/legal_e/legal_e.htmhttp://www.wto.org/english/tratop_e/serv_e/legal_e/legal_e.htm International Association of Legal Ethics (and ILECs) –http://www.stanford.edu/group/lawlibrary/cgi-bin/iaole/wordpress/http://www.stanford.edu/group/lawlibrary/cgi-bin/iaole/wordpress/ LawWithoutWalls Materials –http://www.lawwithoutwalls.org/http://www.lawwithoutwalls.org/ Fall 2011 Fordham Symposium on Globalization and the Legal Profession Archived programs at, inter alia, Harvard, Stanford, Georgetown, MSU, Akron, & Hofstra 14

15. To Read More About It… By Laurel Terry Global Legal Practice Resources Webpage: http://www.personal.psu.edu/faculty/l/s/lst3/globalprac.htm http://www.personal.psu.edu/faculty/l/s/lst3/globalprac.htm Links to Publications by Topic: http://www.personal.psu.edu/faculty/l/s/lst3/ http://www.personal.psu.edu/faculty/l/s/lst3/ Presentations Page: http://www.personal.psu.edu/faculty/l/s/lst3/presentations.htm SSRN page: http://ssrn.com/author=340745 http://ssrn.com/author=340745 See, e.g., International Initiatives Relevant to Transnational and Cross-Border Higher Education [2011 Presentation & Paper] 15

16. My Presentations Webpage: 16 http://www.personal.psu.edu/faculty/l/s/lst3/presentations.htm