Monday, November 20, 2017
Leading global law firm network Multilaw, of which Philip Lee is the sole Irish member, has launched the “Brexposure” online self-assessment tool for businesses to be able to instantly evaluate their level of risk associated with Brexit.
The tool is primarily aimed at owner managed businesses and SMEs with operations in the UK or EU 27 countries. It is designed to help businesses identify the potential areas of risk in the key areas of employment, immigration, financial, trading, intellectual property and data.
“The tool is designed to give businesses an instant real-time evaluation of their Brexit risk from the information they provide about their organisation. Whilst the tool is not intended to provide legal advice, it sets out the key areas of risk by urgency level ensuring that businesses know the practical actions that need to be taken now as a matter of priority. We believe we are first legal network in the world to provide an online tool that provides this information instantly to clients”, Adam Cooke, Multilaw Executive Director.
The innovation is part of a wider initiative from Multilaw to provide a network wide response to assist clients in dealing with the uncertainties of Brexit. Multilaw has formed a dedicated Brexit Response Team to provide commercial and practical solutions in planning and implementing an effective Brexit strategy wherever the client is based. The core team is comprised of experts from member firms in the UK, Ireland and Germany and in addition to the core team, there are also dedicated Brexit contacts from 29 member firms across Europe.
Andreas McConnell of Irish member firm Philip Lee is the Multilaw board member responsible for business development and is part of the Multilaw Brexit Response Team. He commented, “At Philip Lee, we are receiving daily queries from clients relating to Brexit, from Irish, UK and international businesses. Regardless of their origin, they all have one common theme – how does my business hedge against the impact of Brexit? The Brexposure tool manages to break down the enormity of Brexit to enable any business to identify specific legal areas that they may need to look at further in order to strategically set about planning for Brexit. This is a great example of Multilaw in action – harnessing international legal expertise to provide clients with practical solutions”