So, it happened – Article 50 was triggered last Wednesday. There has been much discussion across all channels on what this may mean for the UK legal industry. In the first of our regular news round-ups, we bring you an overview of the opinions and concerns as we enter this uncertain phase.
We begin with an in-depth Law Society report from January 2017. Although published prior to the official start of the negotiation period, this report offers The Law Society’s recommendations for Government consideration, broken down into key areas and accompanied by illustrative case studies. It is an excellent primer on the negotiation areas key to the legal market.
A link to the full report can be found on The Law Society website.
The Lawyer offers a London-centric view on how City firms are preparing for 2019 and exhibits a hopeful viewpoint on how the London legal market will continue thanks to its sheer size.
Full article on The Lawyer website.
This is a good time to catch up with the view of Lawyers, and a poll conducted by Legal Cheek of its readers found a definitive 70% are unhappy about the triggering of Article 50. Interestingly, it also highlights the ongoing divide in the country with reference to a Sky News poll of a similar nature.
Delve in on the Legal Cheek website.
Finally, the in-house market is not to be forgotten, and The Law Society Gazette focus on the complex (in fact, ‘Byzantine’ in their terms) time ahead for those in-house.
Full article on The Law Society Gazette.
From there, we can move on to study the possible outcomes being touted by the legal press for 2019, starting with The Law Society again, who weigh up the consequences should Ms May be unable to reach a deal within the two-year deadline.
Concerned reporting on The Law Society website.
Solicitors Journal unpacks the possible consequences of both Brexit and PI reforms, additionally offering a positive slant on the future of the in-house market, with a rise in investment predicted.
Read the good and the bad on the Solicitors Journal website.
Lastly, we highlight two very different angles on the EU exit from Pinsent Masons’ news site Out-Law. Both published on Article 50 day, one article takes a corporate viewpoint, looking at the likely reassurances demanded by board members and shareholders. The other reports on a Qatar investment plan which would bring £5 billion into the UK economy, despite the risks associated with the various possible Brexit outcomes.
Read about corporation Brexit planning, and the Qatar Investment Authorities’ investment.
This is, of course, the tip of the Brexit iceberg when it comes to predictions for the legal industry, and we welcome further discussion.
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