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<blockquote data-quote="AvniD" data-source="post: 124608" data-attributes="member: 17155"><p>Points in your analysis that really stood out to me- </p><ul> <li data-xf-list-type="ul">The businesses that will likely be most affected are those who have products and services that are nice to have, but not essential (e.g. paid for streaming services, mid-tier retail, mid-tier restaurants).<ul> <li data-xf-list-type="ul">As far as I know, these are generally termed as 'consumer discretionary goods' and you are absolutely right, their sales and consumption will definitely be impacted negatively. </li> </ul></li> <li data-xf-list-type="ul">With increases in rent and energy, some businesses may attempt to streamline their services.<ul> <li data-xf-list-type="ul">Absolutely true! Take gym chains like Nuffield for example, they've cut down on providing steam room/sauna/jacuzzi/heated pools because of the energy crisis and decisions like this could impact their memberships and revenue that they bring in. </li> </ul></li> <li data-xf-list-type="ul">This could involve offloading any under-utlised office spaces and employing more of a hybrid or remote work environment. This will involve real estate teams and employment advice, especially if this changes the terms of any employment contracts.<ul> <li data-xf-list-type="ul">Could this mean more opportunities for co-working spaces and brands focusing on home office furniture and tech?</li> </ul></li> <li data-xf-list-type="ul">Every time there is a worker shortage in the NHS, these agency workers are brought in (at a crippling cost to the NHS) to maintain NHS services. Law firms could be involved in negotiating the contracts for bringing these workers into public entities.<ul> <li data-xf-list-type="ul">Could this also mean more opportunities for migrant workers? Will there be an aspect of immigration/employment law work? </li> </ul></li> <li data-xf-list-type="ul">There could be a potential for more M&A work for lawyers as foreign businesses, such as those in the US, look for opportunitties to purchase companies with a lot of potential for a cheap price. <ul> <li data-xf-list-type="ul">Absolutely on point! If these companies with potential aren't able to reap profits or generate adequate revenue, then they could be subject to a distressed sale that M&A lawyers, and PE lawyers more specifically, could be engaged in.</li> </ul></li> </ul><p>Super impressed with your NRF prep👏- I think you will be just fine!! I wish you all the best for the scheme 😊</p></blockquote><p></p>
[QUOTE="AvniD, post: 124608, member: 17155"] Points in your analysis that really stood out to me- [LIST] [*]The businesses that will likely be most affected are those who have products and services that are nice to have, but not essential (e.g. paid for streaming services, mid-tier retail, mid-tier restaurants). [LIST] [*]As far as I know, these are generally termed as 'consumer discretionary goods' and you are absolutely right, their sales and consumption will definitely be impacted negatively. [/LIST] [*]With increases in rent and energy, some businesses may attempt to streamline their services. [LIST] [*]Absolutely true! Take gym chains like Nuffield for example, they've cut down on providing steam room/sauna/jacuzzi/heated pools because of the energy crisis and decisions like this could impact their memberships and revenue that they bring in. [/LIST] [*]This could involve offloading any under-utlised office spaces and employing more of a hybrid or remote work environment. This will involve real estate teams and employment advice, especially if this changes the terms of any employment contracts. [LIST] [*]Could this mean more opportunities for co-working spaces and brands focusing on home office furniture and tech? [/LIST] [*]Every time there is a worker shortage in the NHS, these agency workers are brought in (at a crippling cost to the NHS) to maintain NHS services. Law firms could be involved in negotiating the contracts for bringing these workers into public entities. [LIST] [*]Could this also mean more opportunities for migrant workers? Will there be an aspect of immigration/employment law work? [/LIST] [*]There could be a potential for more M&A work for lawyers as foreign businesses, such as those in the US, look for opportunitties to purchase companies with a lot of potential for a cheap price. [LIST] [*]Absolutely on point! If these companies with potential aren't able to reap profits or generate adequate revenue, then they could be subject to a distressed sale that M&A lawyers, and PE lawyers more specifically, could be engaged in. [/LIST] [/LIST] Super impressed with your NRF prep👏- I think you will be just fine!! I wish you all the best for the scheme 😊 [/QUOTE]
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