London’s status as a financial centre post-Brexit has understandably been a nagging concern for U.K. lawyers of late.
At the heart of the matter for law firms is whether they will be able to rely on the U.K. to remain Europe’s centre of activity for M&A, capital markets and litigation work, despite it being outside of the European Union. Must firms move lawyers out of London and into EU locations to pick up work? Perhaps they will need to make cuts or merge in order to cope with a drop in revenue.
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