Tom Moore and Matthew Field size up the immediate impact of the vote on City lawyers
It was the result the profession and the City feared but did not expect as the referendum on European Union (EU) membership on 23 June ended in a shock vote to exit the grouping, triggering political and market shocks set to reverberate for years to come.
Protesters gathered outside the headquarters of City firm Mishcon de Reya today (7 July) in response to the firm’s plans to launch a legal action over the triggering of article 50 and the process of Brexit. However the City firm has also received over 1,500 emails of support of the action since the news emerged.
The law firm Mishcon de Reya is bringing an action to force the Prime Minister, whoever she (or just conceivably he) may be, to obtain parliamentary approval before issuing that all-important article 50 notification.
Brexit and the outlook for sports law
Sport is a multibillion-dollar global industry on a permanent growth trend. Football, that opiate of the masses, is the fastest growing sector of all. The European football market, says Deloitte, will exceed €25bn by 2017. While we may gasp at FC Barcelona’s record-breaking £120m-a-year deal with Nike, and at the fact that Sky and BT paid £5.1bn for three seasons’ worth of TV rights for the beautiful game, we know next year there will be another, bigger deal and more companies vying for opportunities to promote themselves across the world. For every sport there is a new record to be broken both on and off the field.
Mishcon de Reya is preparing to launch a legal action over the triggering of article 50 and the process of Brexit, for a group of unnamed clients.
Continue reading “Brexit challenged: Mishcon takes on article 50 action for mystery clients”
A high-profile barrister has launched a publicly-funded campaign with human rights firm Bindmans to consider a public law case on the result of the EU referendum.
Due to the uncertainty and economic volatility stoked by last week’s shock Brexit vote, the Law Society has told MPs that plans to give the Solicitors Regulation Authority (SRA) and other regulators full independence should be shelved.
With most US law firms experiencing something of a slowdown in the London market following the instability around the referendum on the UK’s membership of the EU, and subsequent Leave victory, questions remain around whether investment will keep coming or be held back to focus on other markets.
The ‘in-out’ referendum on the question of the UK’s membership of the European Union (EU) which has dominated the political and business agenda in the UK for the last six months, has resulted in a majority of voters (on a turnout of approximately 72%) preferring the UK to leave the EU.
Continue reading “Guest post from Herbert Smith Freehills – Brexit: After the vote”
Linklaters managing partner Gideon Moore has warned that it’s not just the UK’s relationship with Europe that will change as a result of the Brexit vote, but Britain’s relationship with the rest of the world, as London’s leading position as a financial, legal and accountancy hub comes under threat from a vote to leave the EU.
