Revolutionary Amendment for Israeli Legal Competition

By Fisher, Zohar | Strategies: The Journal of Legal Marketing, January-February 2013 | Go to article overview

Revolutionary Amendment for Israeli Legal Competition


Fisher, Zohar, Strategies: The Journal of Legal Marketing


A recent revolutionary amendment to the Israeli Bar Association law recently passed, transferring the Israeli legal market into the 21st century and accommodating the Israeli legal sector to the ever-growing global habits. The amendment releases the cork of what used to be a sealed bottle, and since August 2012, foreign lawyers and foreign law firms are now permitted to provide legal services in Israel.

A Few Facts about Israel

Many Israeli companies are international by nature and work closely with businesses from numerous countries across the globe. The startups industry in Israel--often referred as "The Start-Up Nation"--has a unique influence on tech industries worldwide. Agriculture companies provide innovative solutions to countries around the globe and the list goes further, not mentioning the vast number of Israeli companies based overseas.

Such tendency is part of the 'global village' environment we all live in, but for Israel, a country small in territory with scarce natural resources, there are no alternatives but to find in-house and outsourcing solution for its ever-growing financial and economical markets, as well as for its legal sector.

The Israeli legal market adjusted itself to facilitate the needs of its clientele, acquiring remarkable knowledge and experience in providing services to global operations--from M&A transactions to complex distribution arrays, collaborations and agreements and so on--all meant for counseling Israeli companies operating abroad, as well as foreign companies active in Israel.

The current timing for allowing foreign law firms to operate in Israel is quite surprising. The fierce competition in the Israeli legal market is already overwhelming, as about 60,000 lawyers serve a population of 7.5 million--the highest amount of lawyers per capita in the world.

[ILLUSTRATION OMITTED]

Some law firms have taken this competition to the extreme, using manipulative competition strategies. Such conducts are especially prevalent in the real estate practice, where some firms reduced their fees to less than 0.5 percent of a transaction's worth--a non-profitable rate according to any standards. By doing this, they harm the entire practice. This recent phenomena triggered the intervention of the Israel Bar Association, which is promoting a resolution that will set a minimal fee rate in the real estate practice, in order to bind law firms from dropping under a certain legal fee level.

New Regulations and Instructions

The harsh competition in the overcrowded Israeli legal sector did not intimidate the Israel Bar Association and the new law was approved. Until now, a foreign lawyer could only operate in Israel after being certified as an Israeli lawyer; the new law enables foreign law firms to offer a wide range of services to the Israeli client.

Such services may include consulting and providing legal opinions on matters involving international law and the local law of their respective country. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Revolutionary Amendment for Israeli Legal Competition
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.