For Americans, nonstop headlines detailing the dysfunction of Brexit can be a welcome distraction from our own ongoing domestic turmoil. The story is anything but academic, however, for U.S. financial firms, policymakers and law firms that have made substantial investments in London in recent years.

While few of these firms are willing to talk openly about their future in the city long established as Europe’s financial hub, signs point to a pause in growth—not to an exodus—among U.S. law firms. Some may even be finding ways to capitalize on ongoing Brexit confusion.