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FCA Steps Up No-Deal Brexit Contingency Planning

Law360, London (November 23, 2018, 1:59 PM GMT) -- The U.K.'s financial regulator has stepped up its preparations for a no-deal Brexit, detailing further plans on Friday for the oversight of European Union businesses in Britain if the country leaves the bloc next March without an implementation period.

The Financial Conduct Authority unveiled its second set of plans in as many months for Britain's departure from the bloc, amid signs that a recent draft withdrawal agreement between the U.K. government and EU negotiators might be rejected by a divided British parliament. Prime Minister Theresa May is facing significant opposition to her deal from opposition parties and from inside her own Conservative Party....
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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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