Ted Rhodes, Partner, CMS Rio de Janeiro, Energy
What will be the most important market trend affecting your clients’ sector over the next 12 months?
The low oil price is changing the contractual dynamic between oil companies and with governments and suppliers. In the short term, this is prompting disputes and contract terminations. The industry needs to adapt quickly to this new reality, align its incentives and develop new ways of working.
What are the trends shaping the legal industry?
Globalisation remains an important trend where the legal industry tends to lag behind its multinational clients. We must continue to develop the networks, systems and project management skills to coordinate our clients’ increasingly complex cross-border legal demands.
If you weren’t a lawyer, how would you earn your living?
I worked on a farm during university holidays and enjoyed being outside and in nature. (During the British summer at least!) And I’m sure my border collie, Blue, would love working as a sheepdog.