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Law Practice,
Government

Apr. 4, 2025

Tariff turmoil may be a boon for global law firms

President Trump's sweeping new tariffs have rattled global markets--but for well-positioned international law firms, the disruption could translate into a wave of new work. From labor and tax issues to real estate and regulatory strategy, lawyers may benefit from the chaos.

Tariff turmoil may be a boon for global law firms
President Donald Trump and Commerce Secretary Howard Lutnick announce new tariffs at the White House in Washington on Wednesday, April 2, 2025. Photo: Haiyun Jiang/The New York Times

Stock markets plummeted Thursday, a day after President Donald Trump's announcement of large tariffs against most countries in the world, but international law firms - if they are well-positioned - may stand to benefit at least in the short run, experts said.

"Whenever there is confusion and uncertainty, law firms do well," said Edwin B. Reeser III, former managing partner of Sonnenschein Nath & Rosenthal LLP's Los Angeles office who subsequently worked as a ...

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