Frankfurt, GermanyHerbert Smith Freehills Joins Firms Making Brexit LLP Changes in Germany
The law firm, based in the U.K. and Australia, is the third to change the LLP status of its German operations ahead of Brexit.
January 22, 2020 at 06:45 AM
2 minute read
Herbert Smith Freehills has transferred its German business into its U.K. limited liability partnership ahead of the U.K.'s departure from the European Union next week.
A spokesperson for HSF said the firm made the switch in December 2019, in order to "ensure the seamless operation of our business when the U.K. leaves the EU".
They added: "We did this because our Germany LLP would, following Brexit, no longer be capable of existing as an English company domiciled in Germany."
The Anglo-Australian firm debuted in Germany in 2013 and currently has outfits in Frankfurt and Dusseldorf. It closed its 10-lawyer Berlin office at the end of 2019.
Other Brexit contingency plans by HSF have included it reregistering its Seoul office to become a branch of the Australian partnership.
The status of German partnerships post-Brexit has been a key concern for various firms in recent months. Eversheds Sutherland has drawn up changes to its LLP status in case of a hard Brexit, while Simmons & Simmons made a similar move in order to mitigate German legal privilege concerns post-Brexit.
Simmons & Simmons created a separate LLP in November last year, with a partner stating the decision was driven by "nervousness" around Germany's limited view of documents that are covered by attorney-client privilege.
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