London law merger market: so what’s the problem, U.S. firms?

And will you know what to do once you get there? London-based Legal Week, armed with a survey, reports that “US firms target UK mergers as battle for London hots up“. WAC? still sees London-U.S. law merger market “movement” as slow and reluctant because it takes cautionary lessons, for example, from some unprofitable and often ill-conceived attempts by U.S. firms to become players in Russia twenty years ago and China a decade later. Now, for once, lawyer risk-aversion is an asset. But The London legal market? Yes, London’s off-the-chart expensive these days. But as stable as you’d want. Entering it poses cultural issues and barriers even sophisticated Yanks don’t pick up on with any clarity for months