London — Mayer Brown is one of the first global law firms to have developed an online solution to help clients identify and prioritise the impact of Brexit on their business. As the government begins to negotiate the terms of the United Kingdom’s exit from the European Union (EU), the firm’s innovative tool provides a solution for clients looking to clarify the issues that should command their attention.

The Brexit Impact Assessment Tool, launched this month, enables clients to identify areas of concern that are most relevant to their business, and rank each issue by importance, impact and the effort required to address them. The tool cuts through the complexity of dealing with Brexit to provide clients with a simple bespoke report on their risk profile.

Working in collaboration with in-house counsel and senior executives, Mayer Brown’s tool helps clients to determine the areas that require legal advice, call for significant resource investment and have the greatest potential impact on their business. The innovation also gives clients a single point of access to a range of Brexit advisers at the firm.

Commenting on the tool David Harrison, chair of Mayer Brown’s Brexit Working Party and co-leader of the European Antitrust and Competition practice, said: “The prospect of Brexit has created unprecedented uncertainty for businesses, and Mayer Brown’s Brexit tool provides clients with a practical means of getting to grips with the challenges and opportunities that this presents.”

In addition to the impact assessment tool, Mayer Brown has a dedicated Brexit knowledge hub on its website, complete with written and audio insights on the legal and commercial implications of a British exit from the EU. Since 24 June, the firm has held a number of telephone call briefings for clients on the immediate and long term impact of Brexit across a range of areas, including financial regulation, trade, employment and intellectual property.