Conclusion

Abstract

In addition to having an obvious impact on the regulatory and policy fields of international trade, finance, labor relations, and other aspects of commerce, globalization has also had an important influence on legal professionals. The most visible case is that of corporate lawyers. The complexity of today’s business world, where a seemingly simple commercial transaction may have implications beyond the domain of the national legal system, has forced contemporary lawyers to become versed on the transnational dimension of the relevant legal fields, in addition to having the expertise to function domestically. Such legal diglossia (Friedman 2001) is what enables Latin American and Spanish business lawyers to understand both the local and the transnational dimensions of law simultaneously, and to be able to navigate back and forth between one and the other.