19 July 2024

London Calling: Irish lawyers upbeat

As one of his first acts in government following Labour’s landslide election victory, Britain’s new prime minister Sir Keir Starmer invited his Irish counterpart Simon Harris to Chequers.

In his ensuing media interviews, Harris, who became Ireland’s youngest ever taoiseach in April, said that there is now an “opportunity to hit the reset button”, and that Ireland would be an ally of the UK in any future negotiations with the EU on its Brexit agreement and related matters. Plainly, that commitment does not foreshadow any reversal of Brexit, but it does potentially herald some change in the mood music surrounding London, which has become a second home for all the big Irish law firms. Before the referendum vote, during protracted discussions and tortuous debates over how best to implement the result, and ever since Brexit was finally agreed, they have thrived. It is hoped that a new Labour government, elected on the single mantra of change, can further assist their business by providing greater stability and certainty in its five-year term of government – qualities that have been notably absent over much of the past decade.

 

Related News

December 2024 News

The gloves are off

Following President Trump’s victory, the US-China trade war looks set to escalate, affecting offshore firms in Hong Kong and across the rest of Asia

December 2024 News

Hong Kong: an anxious wait for recovery

As US law firms leave Greater China, the jury is still out on whether Beijing’s $1.4trn stimulus package will lead to a sustained Hong Kong recovery

December 2024 News

Japan Rising

The land of the rising sun has finally re-appeared on the investment horizon, as offshore law firms beat a path to Tokyo in search of golden opportunity

December 2024 News

Singapore Shines

Singapore is having ‘a real moment in the sun’ according to offshore lawyers, but it is still unlikely to eclipse Hong Kong – at least for now.