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.’
Continue reading “The new order – the first response for GCs to the post-Brexit environment”
Scottish stalwart Burness Paull has blamed Brexit for mixed financial results, announcing a 7% drop in profits per equity partner (PEP) from £480,000 to £449,000, while turnover is up a moderate 4% to £53.3m from £51.3m. Net profit was £22.6m, down 3% from £23.4m.
Continue reading “Brexit blamed: Burness Paull posts 7% drop in PEP and modest turnover growth”
Pinsent Masons is eyeing up a Dublin base, to complement its existing offering in Belfast and provide a full UK and Ireland presence for the firm.
Continue reading “Irish ambitions: Pinsents eyes Dublin base as UK firms look to capitalise on post-Brexit market”
In the latest play for Dentons‘ tech joint venture, Nextlaw Labs has developed an artificial intelligence (AI) programme with London IT firm RAVN Systems to assess the impact of the Brexit vote on companies’ contracts.
Continue reading “‘Cut through the noise’: Nextlaw partners with AI firm for Brexit contracts system”
BT has kicked off a formal panel review for its UK legal advisers after a five month delay and will create a separate international panel for the first time later this year.
Continue reading “BT kicks off panel review following Brexit delay”
Nabarro is advising on the administration of Lowcosttravelgroup as the travel agency business left thousands of holiday makers at risk of losing their summer getaways.
Continue reading “Blame on Brexit: Nabarro acts as Lowcosttravelgroup goes bust”
The dust has yet to settle, indeed the horizon in post-referendum Britain is heavy with smoke and particles of an uncertain nature. But as the market turmoil of the vote to exit the EU subsides, the profession is left asking: what now?
Continue reading “Comment: After the Brexit vote you can kiss the UK’s stability premium goodbye”
In the latest legal lobby against Brexit, more than 1,000 barristers have signed a letter to urge MPs to pass an act of parliament before invoking article 50.
Continue reading “‘Misrepresentations and promises’: Barristers latest to take Brexit action as 1,000 sign petition over article 50”
Just two weeks after taking Ashurst’s global co-head of financial regulation, Latham & Watkins has returned to the struggling City firm to hire restructuring partner Simon Baskerville. Continue reading “Latham ignores Brexit fears and continues City investment charge with Ashurst’s Baskerville”