Bloomberg Law
June 28, 2016, 1:50 PM UTC

The Good and Bad of Brexit for Lawyers

Blake Edwards

As law firms and clients wait out the legal and regulatory uncertainty after Britain’s decision to leave the European Union, another factor could complicate matters: the falling British pound.

After plummeting more than 12 percent against the dollar on Friday following news of Britain’s exit, the largest same-day dip in the currency’s modern history, the pound tumbled again on Monday to $1.32, its lowest price in three decades.

For deal lawyers, a descent far enough could set off a shopping spree in the M&A space, a best case scenario. For now though, deal activity remains frozen amid the economic uncertainty, lawyers say.

“I think ...

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