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

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.’

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Brexit blamed: Burness Paull posts 7% drop in PEP and modest turnover growth

Brexit blamed: Burness Paull posts 7% drop in PEP and modest turnover growth

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.

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Comment: After the Brexit vote you can kiss the UK’s stability premium goodbye

Comment: After the Brexit vote you can kiss the UK’s stability premium goodbye

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?

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‘Misrepresentations and promises’: Barristers latest to take Brexit action as 1,000 sign petition over article 50

‘Misrepresentations and promises’: Barristers latest to take Brexit action as 1,000 sign petition over article 50

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.

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