Writes the Times "American and British lawyers — who might once have turned up their noses at the idea of moving to India — are re-evaluating." For now, this involves only movement on the high end of the foodchain. However, it's only a matter of time before young lawyers resumes show that they spent 2/3 years in India or another market doing the basic work that many now do in the US upon first leaving law school. The central point to my argument was that it is now necessary to look around the world to find the best opportunities and challenges for personal and career growth. That America is no longer uniquely "the" land of opportunity and that that will not be changing.
Corporations, wealthy individuals, capital, and other entrenched and well-monied interests have taken advantage of globalization to pursue opportunities wherever they are in the world for going on a generation. Outsourcing is an opportunity to cut costs. Cross border capital flows (investing money in ventures based out of ones' home country) have sky rocketed. They represent, among other things, an opportunity for the wealthy to enjoy large returns on risky ventures in the developing world. I could go on, but an excerpt below drives the point home -
Western lawyers who make the leap to legal outsourcing companies come for a variety of reasons, but nearly universally, they say they stay for the opportunities to build a business and manage people.“In many respects it is more rewarding than jobs I had in the United States,” said Mr. Wheeler, who moved to India when his Indian-born wife took a job here in 2006.“If you’re talking about 15 employees in a windowless basement office, I’m not interested in making that my life’s calling,” he recalled thinking when he started talking to Pangea3. “But building a 500-person office, now that is a real challenge.”Feeling prescient!
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