US legal group Simpson Thacher is opening an EU office in a sign of the disruption Brexit may cause corporate law firms that had previously relied on a London base to conduct business across the 27-member bloc, reported The Financial Times.
The New York-based law firm is establishing an office in Brussels this summer after finding that the UK’s exit from the bloc was impeding its ability to advise clients on EU antitrust, competition, and regulatory law.
The end of the UK’s transition period with the EU has had “a pretty immediate impact on one of our core practice areas (antitrust and competition),” Bill Dougherty, chairman of the firm’s executive committee, told the Financial Times.
Clients faced “continued challenges in navigating an evolving legal framework” as a result of the trade deal Britain struck with the EU before leaving, he added. Founded in 1884, Simpson Thacher is one of Wall Street’s elite “white shoe” firms and known for its private equity practice. The group employs more than 1,000 lawyers across 10 offices, including New York, Beijing, Hong Kong, and Palo Alto, California.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI