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Message: <blockquote data-quote="Ram Sabaratnam" data-source="post: 210049" data-attributes="member: 36738">Hiya [USER=40193]@CupOfTea17[/USER]I think you're right to question whether the Spring Statement (which is fundamentally a fiscal policy update) would count as a change in the legal industry per se. Most of the content in the Spring Statement (e.g. updates on inflation, tax thresholds, public spending plans) impacts the broader economy rather than the legal industry directly. Unless the question specifically invites you to discuss external developments that might impact the firm’s business, it might not be the strongest fit. If the question asks about changes in the legal industry, then you’ll want to focus on things like:<ul> <li data-xf-list-type="ul">Regulatory shifts (e.g. the SRA’s changing stance on hybrid working or tech use)</li> <li data-xf-list-type="ul">Changes in litigation funding and regulation (see <a href="https://www.lawgazette.co.uk/news/new-calls-for-litigation-funding-regulation-as-cjc-deadline-passes/5122548.article" target="_blank">here</a>)</li> <li data-xf-list-type="ul">Law firm mergers, new practice areas, or the increasing interest that <a href="https://www.thetimes.com/business-money/companies/article/law-firms-are-private-equitys-next-target-in-the-hunt-for-deals-rjs585jl7?utm_source=chatgpt.com" target="_blank">PE firms have in acquiring law firms</a></li> </ul>If the question is phrased more broadly (e.g. “changes in the market” or “news affecting firms and their clients”), then you can definitely mention something from the Spring Statement. However, I'd encourage you to focus clearly on aspects that affects a firm’s key clients and business.Hope this helps and let us know if you have any other questions!</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

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