London’s position as gateway to Europe ‘under threat’ as US bosses look to Continent
24th June 2016
Sloane Poulton of Edwards Gibson said that while some parts of US firms’ businesses, notably regulatory, litigation and arbitration, some areas of IP and private equity may end up benefiting some transactional areas will pause for thought.
Poulton also argued that London was likely to remain a favoured place to do business for US firms, including those that currently have no presence in the UK.
“US firms have tended to follow their clients but London has always culturally been a good place for them to do business,” said Poulton. “Post Brexit there is clearly the prospect of US law firm clients considering some geographical changes but London has been and will continue to be an attractive hub for US firms building an international presence. Indeed I have no doubt some will be in a position to take advantage of the referendum result."
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