The overall view across the firm is that the result has given certainty. It removes what has been holding businesses back. Overwhelmingly, partners would rather have remained in the EU. But it’s now got to a point where we can see a stable government and the pound going up, so we’re now optimistic and hopeful.
Litigation has retained business, but transactional work has been challenging. But those concerns, we hope, are now lifted. We’re hoping for a Brexit bounce. There has been a political paralysis, and that wasn’t good for confidence and overseas clients.
— Michael Chissick, managing partner at Fieldfisher, tells Legal Week what law firms expect following the stunning UK election. Other legal heavyweights agree, the increased political certainty following Boris Johnson’s win will lead to more deals that have been languishing as the will-they-or-won’t-they question is now resolved.
Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).