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The
remarkable story begins with Charles Coudert who, after
France's defeat at the Battle of Waterloo in 1815, joined
with a number of other military officers in an unsuccessful
coup against Napoleon Bonaparte and was incarcerated
in Paris. With just 12 hours left before execution by
guillotine, he managed to escape and fled to the United
States.
He had three sons who went on to study law. The eldest
son, Frederic Rene Coudert, founded Coudert Brothers
in New York in 1853, and was later joined by his two
brothers, Charles (junior) and Louis Leonce.
Although their father had barely escaped the guillotine
and fled to America, the family retained close connections
with France.
"We became, we believe, the first international
law firm when one of the brothers opened a law office
in Paris in 1879," David Huebner, Chairman of Coudert
Brothers explained. "So we were already practicing
internationally long before most firms saw any benefit
in engaging in overseas business."
Coudert Brothers now employs around 650 lawyers in
18 countries. Although its New York office is the firm's
headquarters, representing 35 percent of its lawyers,
Mr Huebner said no single office controls the rest of
the firm.
"In fact, I believe we are truly the only really
multinational law firm, which is distinct from being
international," he added.
With 40 percent of its lawyers practicing in North
America, 40 percent in Europe and the remaining 20 percent
in Asia, Coudert Brothers and its clients have at their
disposal a global network of local expertise. The close
integration of the firm and its partners, who regularly
meet to get to know each other better, provides great
benefits to its clients, he said.
Unlike many law firms, Coudert Brothers operates a
single profit centre. As such, partners are not rewarded
based on the amount of work that passes through their
office.
"As a result, we refer work more readily to other
offices which have strong local, as well as international,
law capabilities and as such are more appropriate to
do a particular type of work," Mr Huebner said.
"So when a client approaches one office, they
have the benefit of Coudert Brothers quality and expertise
in our 30 offices around the world," he said. "This
also saves clients' time, because they then do not need
to manage 12 different law firms if they are involved
in international business."
Pioneers
Unlike many service companies, who go where their clients
go, Coudert Brothers has always been a firm of explorers
and pioneers, Mr Huebner said.
"In many cases, we were the first law firm into
the market. We were the first U.S. law firm to open
an office in London. We were the first foreign firm
into China after U.S. President Nixon's visit in 1972.
We were the first foreign firm into Russia when it was
still the USSR ... So we tend to arrive ahead of the
curve, when things are a little unsettled and when mostly
all that exists is future potential rather than existing
profits," he said.
The China market is now one of the firm's top priorities.
Mr Huebner said he hasn't set any specific growth targets
for China, as these tend to be too artificial, but he
is looking for substantial growth.
"We are very focused on quality of service in
the practice. There are a good number of firms who grow
faster than we do, but our primary goal is to maintain
the level of quality of assistance that we offer our
clients," he said.
(Members may be interested in watching a very interesting
video on the history of Coudert Brothers at, www.coudert.com/the_firm/150_year.asp)
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