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Brexit and competition from accountants top fears among City firms

Almost half of City firms view Brexit as a threat and more than two thirds see other professional services firms as the overwhelming threat among recent entrants to the profession, according to a survey published yesterday. It found that almost a quarter of City firms named Brexit as the biggest challenge to their future success.

September 13th, 2017 | No Comments »

Law Society condemns SRA plans for solicitor-free workplace training

The Law Society has condemned the Solicitors Regulation Authority over plans to allow workplace training for solicitors to take place in organisations without any solicitors. The society warned that the proposals could “seriously undermine” high standards.

July 31st, 2017 | No Comments »

Consumer debt forecast “likely to favour law firms” but smaller practices could lose out

Smaller law firms specialising in insolvency work will be hit with a double whammy as Brexit favours big firms that can keep debt recovery costs down, while an Online Court will make it easier for litigants in person to pursue claims, a report has predicted. But the overall picture for law firms handling insolvency work was bright, it said.

July 12th, 2017 | No Comments »

LCJ: Brexit could hurt legal sector as competition from foreign lawyers hots up

Foreign lawyers are poised to poach international litigants and unseat London as the pre-eminent global centre for dispute resolution under the cover of Brexit, according to the Lord Chief Justice in a wide-ranging and outspoken appearance before the House of Lords constitution committee in which he was critical of the government.

March 23rd, 2017 | No Comments »

Impact of Brexit on legal services “a cause for concern”, justice committee says

The justice select committee has described the impact of Brexit on legal services as “a cause for concern, but not hyberbole”, in a report published today. MPs said that maintaining cross-border legal practice rights and access to “valuable regulations” on inter-state commercial law should be two of the four main justice aims for government negotiators.

March 22nd, 2017 | No Comments »

Law Society warns solicitors may be damaged by Brexit

US law firms will have less incentive to employ UK-qualified lawyers as a way to access European market and the UK solicitor title will become less desirable after a hard Brexit, the Law Society has warned. In any event, transitional arrangements to ensure continuity if negotiations are not concluded with two years after article 50 is triggered are essential,

January 16th, 2017 | No Comments »

Gibraltar-based law firm launches ABS and eyes external investment

An international finance and technology law practice involved in the online gaming and electronic payments industries, has become an alternative business structure to help its plans to grow as a group and set up offices across the European Union.

November 7th, 2016 | No Comments »

Brexit should not affect our reforms but there are other areas of concern, says SRA

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.

September 14th, 2016 | No Comments »

Bar chairman warns on post-Brexit practising rights

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.

July 6th, 2016 | No Comments »

Short-term Brexit “bonanza” would be followed by drought, City lawyers tell Law Society

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.

October 23rd, 2015 | No Comments »