I just read the post from @JohnGrimley “Lawyers rush to win new work from the Trans-Pacific Partnership (TPP).” It just makes you wonder of the future of lawyers in Mexico.
TPP will free the major trade zone of the world with over 40% of global economy, and excluding China, for now. Mexican Ministry of Economy promised to release public versions of TPP for public discussion on November. TPP is set to discussion by Senate during Q2-2016 for approval or rejection.
Fine print is still unknown, so is not possible to learn if will open legal services market in the region, as it has happened in some Asian countries. It happened with NAFTA, partially.
The key items to watch for Mexican lawyers are: Licensing and bar requirements to practice law, dispute resolution on investments, will lawyers be uberized and if Mexico will dimishing application of civil law system. Unquestionably, the debates and answers will put some pressure on big law and judicial system.
Now, Mexican lawyers have incentives to compete with other TPP firms. Is it time for a NewLaw strategy?
Advocacy Concept by tashatuvango / Bigstockphoto.com