Shawn Atkinson, a partner in Orrick's M&A and Private Equity team in London, authored an article for Private Equity International on the reasons why London will remain a global financial center post-Brexit. Among many other reasons, Shawn notes:
Britain will continue to lead the EU innovation culture. Some statistics have suggested the brain drain into London will stop in favour of Berlin, Paris or Dublin. It may be the case that some of Europe's bright sparks will now think twice before heading to London, but the UK tech sector will remain dominant for too many reasons to list, including a highly favourable tax regime, a legal system that works and the necessary components of a vibrant tech ecosystem in place, such as leading financiers and advisors.
You can read the full article in Private Equity International online here [subscription required].
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