Legal Business

The new order – the first response for GCs to the post-Brexit environment

A post-Brexit landscape poses many legal hurdles for corporates operating within the UK. Legal Business asks senior in-house counsel how they plan to navigate the uncertainty

Having seen Legal & General’s shares initially tumble on the Friday morning immediately after the UK’s vote to leave the EU – like so many financial services businesses – general counsel (GC) Geoffrey Timms is concerned that the business impact of Brexit could become a self-fulfilling prophecy. ‘Markets are emotional rather than factual. We can talk ourselves into trouble. There’s this end-of-the-world view online. Britain is still in a good place. Yes, the government has to fight uncertainty, but so does Europe. One hopes common sense will prevail.’