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Law Review: Philly Law Firms With EU Presence Face Brexit Uncertainty,

Monday, October 31, 2016

For Philadelphia law firms with a large European footprint, the surprising aftermath of the Brexit vote in June was that there wasn’t much of an aftermath.

London financial markets took a hit but soon recovered, with the exception of the British pound. Consumer spending in the United Kingdom remained high, the employment market robust, and predictions of an imminent recession proved, as Mark Twain might have said, greatly exaggerated.

Partner Torsten Schwarze is quoted.

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