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<blockquote data-quote="Jaysen" data-source="post: 3355" data-attributes="member: 1">Friday 19 October 2018Lawyers are not prepared for BrexitThomson Reuters recently surveyed over 250 legal services professionals including a variety of top UK and US law firms. Here are some of the results:<ul>
<li data-xf-list-type="ul">47% said they were &quot;not well prepared&quot; to tackle threats posed by Brexit during the two years. Only 9% felt they were well prepared.</li>
<li data-xf-list-type="ul">63% agreed with the statement that Brexit was more of a threat than an opportunity in the short term.</li>
<li data-xf-list-type="ul">21% said they expect over 10% of their firm's total UK employment to be moved to non-UK offices.</li>
</ul>Their report also found:<ul>
<li data-xf-list-type="ul">Since the announcement of the referendum, the legal services industry has performed robustly -- with output rising by 5% in real terms up to the end of 2017 -- likely because of the increased level of legal uncertainty.</li>
<li data-xf-list-type="ul">Practice areas likely to be affected by Brexit include: IP, financial services, competition and agriculture. This compared to practices that are not too influenced by EU law such as arbitration, conveyancing and construction.</li>
<li data-xf-list-type="ul">The authors predict the turnover from legal services will slow -- growing by 2.2% -- but still outperform the growth of the economy.</li>
</ul></blockquote>

[QUOTE="Jaysen, post: 3355, member: 1"] Friday 19 October 2018 [B]Lawyers are not prepared for Brexit[/B] Thomson Reuters recently surveyed over 250 legal services professionals including a variety of top UK and US law firms. Here are some of the results: [LIST] [*]47% said they were "not well prepared" to tackle threats posed by Brexit during the two years. Only 9% felt they were well prepared. [*]63% agreed with the statement that Brexit was more of a threat than an opportunity in the short term. [*]21% said they expect over 10% of their firm's total UK employment to be moved to non-UK offices. [/LIST] Their report also found: [LIST] [*]Since the announcement of the referendum, the legal services industry has performed robustly -- with output rising by 5% in real terms up to the end of 2017 -- likely because of the increased level of legal uncertainty. [*]Practice areas likely to be affected by Brexit include: IP, financial services, competition and agriculture. This compared to practices that are not too influenced by EU law such as arbitration, conveyancing and construction. [*]The authors predict the turnover from legal services will slow -- growing by 2.2% -- but still outperform the growth of the economy. [/LIST] [/QUOTE]

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