Economic status, social status, and rate of internationalization in us law firms

K. Skylar Powell, Mooweon Rhee

Research output: Contribution to journalArticle

Abstract

We note that in the legal industry, socially constructed status may be an especially powerful type of firm position, and may also relate to internationalization through opening offices in new foreign markets. Hence, in this analysis we offer the first effort to simultaneously consider relationships between socially derived firm status and internationalization, and economic status and internationalization in a legal industry context. Specifically, we use longitudinal data on large US corporate law firms from 1984 to 2008. We find an inverted U-shaped relationship between social status and rate of internationalization. Additionally, we identify an inverted U-shaped relationship between economic status, or domestic market share, and rate of internationalization.

Original languageEnglish
Pages (from-to)127-145
Number of pages19
JournalInternational Journal of the Legal Profession
Volume25
Issue number2
DOIs
Publication statusPublished - 2018 May 4

All Science Journal Classification (ASJC) codes

  • Strategy and Management
  • Law

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