Falling Dollar Makes U.S. Firms More Competitive

Law360, New York (March 27, 2008, 12:00 AM EDT) -- As the value of the dollar declines, U.S. law firms have become much more price-competitive with European and Asian firms on international deal-making work, lawyers say. But U.S. firms also may be having a slightly harder time recruiting because some foreign lawyers don't want to be paid in dollars.

The euro and the dollar were worth roughly the same at the beginning of this decade, but now $1 is only worth about €0.65 or £0.51.

While this has hurt vacationing Americans, U.S. exports have increased because...
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