UK Prime Minister Theresa May’s letter has arrived, officially triggering the beginning of the end of the UK’s European Union membership.
As the hand-delivered letter reaches European Council president Donald Tusk, lawyers are preparing for difficulties and opportunities presented by the two years of transition until the UK is formally out of the EU.
With the UK and the EU parting ways we are entering unknown territory, with many potential pitfalls.
In The Lawyer‘s exclusive Brexit coverage today, lawyers discuss whether there is true substance behind the rumours of firms and clients opening in Dublin.
European firms in London claim that clients will flock to them more than ever for legal advice, while Mayer Brown’s Dominic Griffiths suggests that lawyers capable of adapting to the new world order will end up on top. Will offshore firms be among those capturing most work? Our experts from different jurisdictions discuss.
The Lawyer has also gathered data from the law firms that are investing heavily in real estate, with heads of practice across international, US and UK firms commenting on how their strategy will change (or not).
City lawyers have revealed new hires (and new predictions) following the Article 50 announcement this morning. DLA Piper and Freshfields Bruckhaus Deringer have been quick to appoint new lawyers to their Brexit taskforces, with other firms expected to follow suit. The consensus? London is not giving up without a fight.
For even more information and expert comment, visit The Lawyer’s Brexit Hub.