It's difficult to predict what will happen once Donald Trump is sworn in as President of the United States but it's fairly certain that whatever he does, Big Law will be busy. I'm Lisa Shuchman, Executive Editor of Law.com International, bringing you this week's edition of The Global Lawyer. |
The world had no say in the outcome of the U.S. Presidential election last week. But it has to live with it.
There’s been no shortage of post-mortems since Donald Trump was elected to a second term as President of the United States following a tumultuous election, with pundits still parsing the results and pronouncing what they say about America.
But what do they mean for the rest of the world? And what about the legal world?
“Unpredictable” is the overarching conclusion. There is widespread agreement that Trump is both mercurial and transactional. So how much of his campaign rhetoric will translate into policy remains to be seen.
In the meantime, this is what we know: Lawyers will be busy.
Big Law dealmakers expect that this very “pro-business” President will reduce regulations and domestic oversight, lower corporate tax rates, and ease administrative burdens. This, says Paul, Weiss, Rifkind, Wharton & Garrison chair Brad Karp, will fuel M&A activity and spur U.S. capital markets. Cross-border private equity deals also are likely to continue, lawyers say. At least that's the short-term scenario.
In the longer term, however, the international picture is a lot less clear... |
