Dublin firm Philip Lee has helped to launch global law firm network Multilaw’s new online self-assessment tool for businesses to evaluate their level of risk associated with Brexit.

The Brexposure tool is aimed at owner-managed businesses and SMEs with operations in Ireland, the UK or any of the other EU 26 countries.

It is designed to help businesses identify potential areas of risk in employment, immigration, financial, trading, IP and data.

Andy McConnell, partner at Philip Lee, is a member of Multilaw’s Brexit response team and its board member for business development.

Mr McConnell (pictured) said: “At Philip Lee, we are receiving daily queries from clients relating to Brexit, from Irish, UK and international businesses. Regardless of their origin, they all have one common theme - how does my business hedge against the impact of Brexit?

“The Brexposure tool manages to break down the enormity of Brexit to enable any business to identify specific legal areas that they may need to look at further in order to strategically set about planning for Brexit. This is a great example of Multilaw in action - harnessing international legal expertise to provide clients with practical solutions.”

Adam Cooke, executive director at Multilaw, said: “The tool is designed to give businesses an instant real-time evaluation of their Brexit risk from the information they provide about their organisation.

“Whilst the tool is not intended to provide legal advice, it sets out the key areas of risk by urgency level ensuring that businesses know the practical actions that need to be taken now as a matter of priority. We believe we are first legal network in the world to provide an online tool that provides this information instantly to clients.”