Philip Lee moves to larger City of London office
Capitalising on what it calls a 鈥楤rexit bounce鈥 and thriving M&A activity, Philip Lee has moved to larger offices in the City of London at the Sir Richard Rogers-designed Leadenhall Building.
An enlarged team of lawyers will be led by partners and .
Venture capital specialist Tzialli is head of the firm鈥檚 cryptocurrency and blockchain group. He said: 鈥淚n a post-Brexit world, the level of referrals to Ireland from the UK has been steadily growing. Having a substantial on-the-ground presence in London will increase the work that comes our way as we build new commercial relationships.鈥
He pointed to increased M&A activity, where the 拢29.4 billion invested in 2021 was twice that invested in 2020. UK-Ireland cross-border activity also increased by 25%.
鈥淎s in Ireland, the growth in cross-border deal activity was driven by the technology, media, telecoms, and professional, scientific and technical-activities sectors. The potential of new acquisitions and investment opportunities is clear,鈥 he said.
UK legal services market
Bernard McEvoy specialises in high-level corporate advisory and transactional work. He said: 鈥淧art of what makes a bigger presence in London so appealing is the knowledge that the UK legal-services market has a value of about 鈧50 billion per annum.
鈥淲ith the quality of talent at our disposal, we鈥檙e confident that we can make inroads into this market, offering clients specialist advice and expertise of the highest international quality.鈥
A significant base in the City of London also provides career opportunities for Dublin lawyers, he added.
This initiative in London comes during a busy year for Philip Lee, which announced in January that it is to hire 50 new lawyers in 2022, following its move in January to a new HQ 鈥 Connaught House on Dublin 4鈥檚 Burlington Road. This was the biggest commercial-property-lease signing of Q2, 2021.