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Thursday, September 16, 2004 at 11:33 AM
11:33AM

Regime change in Japan: send in the lawyers!

DateThursday, September 16, 2004 at 11:33AM

■"Japan Lawyers See Seismic Shift: Influx of British, U.S. Firms Jockey for Position Ahead of New Rules," by Martin Fackler and Ichiko Fuyuno, Wall Street Journal, 16 September 2004, p. A15.


This is a beautiful example of rule sets being altered by new entrants to the market:


Foreign lawyers suddenly are flocking to Japan, and the influx is forcing change in Japan's cozily insulated ways of doing business.


Dozens of U.S. and British law firms have opened or expanded operations here in recent years, drawn by market-opening changes, rising demand for legal services and a rebound by Japan's long-dormant $5 trillion economy.


Anyone want to tell me again about how unchanging the "Asian way" is?

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