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Toronto law firm Gowlings announced Wednesday it's joining forces with UK firm Wragge Lawrence Graham & Co to create a new international law firm called Gowling WLG. Scott Jolliffe, Chair and Chief Executive Officer of Gowlings, joins BNN to explain the reasoning behind the move, and to offer insights on where business activity remains strong, including Cuba.

Gowlings, one of Canada's leading law firms, has teamed with U.K.-based Wragge Lawrence Graham & Co. to create a new international law firm.

The firm says Monday's launch of Gowling WLG, which is home to more than 1,400 legal professionals in 18 cities around the globe, marks a historic occasion in Canadian legal and business circles.

Typically, Canadian law firms have been absorbed by their larger international counterparts.

But Gowlings says the deal announced Monday marks the first time that a Canadian law firm has co-led an international law firm combination.

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