After Brexit, Law Firms Face Uncertainties Too But With Benefits

In the aftermath of Britons’ vote to exit the European Union, law firms are finding themselves in a similar position to their clients: Wondering about the long term impact and how to appropriately plan for what’s next.

The only difference is law firms enjoy certain benefits from the uncertainty.

“It’s an unfortunate truth that it is bad for business and a bonanza for lawyers,” said Joseph Andrew, global chairman of Dentons, told Big Law Business.

Contracts need to be re-negotiated and strategies need to be re-thought, said Andrew, adding that law firms are the advisors of choice for such projects.

The need for advisory work focused ...