The partnership signed in 2010 by the Fondation and the Specialized Masters in Law and International Management program at HEC Paris gave rise to the drafting of a final report on “Choice of Law” showing the estimated economic weight of the “legal industry".

 Eight themes were identified, eight working teams were assembled:

- The weight of the French “legal industry” in the national GDP

- The weight of the “legal industry” in the GDP of the industrialized countries

- The comparative cost of the legal services for an international sales contract or business contract, in civil law and in common law

- The comparative cost of the legal services for an  international merger-acquisition contract, in civil law and in common law

- The comparative cost of the legal services for a syndicated loan agreement (multilateral LMA[Loan Market. Association] type), in civil law and in common law

- The comparative cost of the legal services for an international project financing contract, in civil law and in common law

- The comparative cost of the legal services for an international derivatives contract, in civil law and in common law

- The position of Paris as a location for international arbitration.

In July 2011, the reports submitted by each team were assembled into a final summary report.

The content of this report was presented publicly on the occasion of a joint event hosted with HEC, on June 21, 2011, HEC’s facilities in Paris.

 The final report entitled “Choice of Law” will be published in the coming months.

View the  synopsis of the study by François Langlart for HEC and Pascal Durand Barthez for the Fondation.

For academic year 2011-2012, the Fondation and the Specialized Masters in Law and International Management program at HEC have decided to renew this partnership.
The subjects of the next studies are currently in the process of being prepared.