Brexit & other horizon scanning, by Enid Rowlands
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Potential impact on cohort of European lawyers practising here in the UK.
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Working through changes to the single market for legal services.
It has been more than seven months since the country voted to leave the EU, but Brexit continues to dominate the news agenda, with Parliament debating the Article 50 Bill this week.
At the end of last year, we submitted our views on the matter to the Justice Select Committee, which had asked for comments on the implications of the referendum result for the legal services market.
We outlined what we believe is needed for the legal market to support the economy post-Brexit. The importance of the legal services sector to the UK economy as a whole is well known. According to TheCityUK, 2014-15 was the fifth successive year of growth for UK-based legal services firms. The sector’s trade surplus has nearly doubled over the past decade, and its contribution to the economy increased to a record £25.7bn.
