Penningtons Manches plays key role in launch of Brexit online self-assessment risk tool

Posted: 22/11/2017

Leading global law firm network Multilaw, of which Penningtons Manches is a member, has launched “Brexposure”, an 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, EU27 countries or both. 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.

Penningtons Manches corporate partner and former Multilaw chairman Charles Brooks commented:

“Brexposure 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.”

The tool is part of a wider initiative from Penningtons Manches and its Multilaw partners to provide a network wide response to assist clients in dealing with the uncertainties of Brexit. The dedicated Brexit Response Team provides 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.

Penningtons Manches’ Gemma Davis said:

“At Penningtons Manches, we are receiving daily queries from clients relating to Brexit, from 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 businesses to identify specific legal areas that they may need to look at further in order to strategically plan for Brexit. This is a great example of Multilaw in action – harnessing international legal expertise to provide clients with practical and commercial solutions.”

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