The uncertainty that has followed the vote for Britain’s exit from the European Union should not slow down reforms in the legal services market, Paul Philip, the Solicitors Regulation Authority’s chief executive, has warned.
The ramifications of leaving the European Union are likely to be wide-ranging and could restrict the ability of barristers to practise outside England and Wales, the chairman of the Bar Council has warned. Chantal-Aimee Doerries QC said the Bar Council was setting up a working group on the impact of Brexit.
Any short-term “bonanza” in legal work triggered by Britain’s exit from the EU would be followed by a drought, City lawyers have warned in a report by the Law Society. The society highlighted the impact on England and Wales as a centre of international dispute resolution.
Legal services would be more heavily affected than the UK economy as a whole should the country withdraw from the European Union, groundbreaking research commissioned by the Law Society has predicted.