Out but not down

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13 July 2016


Saunderson House200Suddenly the world, or at least the United Kingdom, feels like a different place. The ‘out’ verdict in the referendum has cost David Cameron his job and, while yesterday’s developments mean that Theresa May should be appointed prime minister imminently, uncertainty with regard to the timing of the UK’s exit from the EU and the shape of any trade deal with Europe that is put in its place, could well persist for many months.

Along with change at the top of the Conservative party, the referendum result looks likely to precipitate a change at the head of the Labour party with Jeremy Corbyn facing a leadership challenge.

Like the political backdrop, the economic outlook is now also much less certain. Despite this, stock markets have been fairly resilient.

We have taken the opportunity to reduce allocations to equities to ensure portfolios reflect the changed outlook.

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Legal Futures Blog

Be careful you do not leave anything behind: will we see the end of chambers?

Charles Feeny

Experience of practice by digital support suggests that working practices will become much more informal and spontaneous, not requiring support by specific entities or even contractual arrangements. This is likely to be particularly true of the Bar, which is or should be a profession focusing on individuals. The future of the Bar is more likely to resemble a library as seen in Scotland and Ireland – albeit an electronic library – rather than the traditional chambers structure.

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