A record number of new solicitors will be added to the Law Society of Ireland roll by the end of the year due to Brexit, the society has said.
There will be 1,347 new solicitors by the end of 2016, 500 more than the previous record set in 2008 and almost four times as many as in 2015.
More than 800 of the new solicitors are from England and Wales, from where only 70 transferred last year.
But that does not mean they will actually set up practice in Ireland; so far very few have taken out practising certificates.
Unlike solicitors from other EU countries, practitioners from England, Wales and Northern Ireland are not required to go through a transfer test. But once on the roll, they must apply for a practising certificate annually.
There are 462 new Irish trainees on the roll this year and 34 barristers. Both of these figures have doubled on 2015, which was a particularly low year for new entrants.
By the end of 2016, it is expected there will be more than 16,300 solicitors on the roll.
‘Tsunami’
Ken Murphy
, director general of the Law Society, said the “tsunami of new solicitors” has been caused by the “Brexit-driven” transfer decisions made by solicitors qualified in England and Wales to take out a second jurisdictional qualification in Ireland.
“This they have been perfectly entitled to do since the mutual-recognition regime between the two jurisdictions was first put in place in 1991,” he said.
“The single word that dominates all assessments of the potential impact of Brexit is ‘uncertainty’. So far, the Law Society of Ireland has no knowledge that any of the England-based firms intend to open an office in this jurisdiction.”
He said solicitors’ firms are coming on the roll to ensure they maintain the status of EU membership.
More than 110 solicitors from one firm, international practitioners Freshfields Bruckhaus Deringer, one of the 10 largest law firms in the world, have joined. And 86 have joined the roll from Eversheds, which already has an office in Ireland.
Mr Murphy said he had spoken to Freshfields and it had unambiguously stated it would not be setting up an office in Ireland. He also said only anti-trust, competition and trade law specialists from the company had transferred to the Irish roll.
He also said there will be no real boost to the society’s finances as a result of the increase in numbers as the €300 per solicitor fee for admission to the roll only covers administration costs.
