Law Firms Going Global Grapple With Corporate Structure

By Jess Krochtengel (August 8, 2014, 9:17 PM EDT) -- When Texas-based Gardere Wynne Sewell LLP made expanding its Latin America operations a cornerstone of its growth strategy, the firm converted a longtime joint venture with its Mexico City office into a wholly owned subsidiary, highlighting the crucial role corporate structure can play as more firms look to expand globally.

As more U.S. firms add international offices to keep pace with clients who increasingly operate on a global scale, firm management faces complicated questions about how to structure the new operations.

The expenses of managing a brick-and-mortar operation abroad and the logistical challenges of developing business in new countries mean firm...

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