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Three years after the UK referendum on EU membership, and six months on from the original withdrawal deadline, the UK has still not left the EU. However, since Boris Johnson replaced Theresa May as Prime Minister the government’s stance has hardened. The potential of a no-deal Brexit is here to stay, and the PM has reiterated that without a doubt, the UK will leave the EU on 31st October 2019, with or without a deal.
As the government upscales its public campaign to urge us to prepare for a no-deal outcome, here at LexisNexis we have been working alongside industry leaders to understand what this means for the legal industry.
Our report, ‘Continental Shift: No-deal Brexit & the law’ (available to download below), focuses on the key issues, priorities and contingency planning for legal professionals. It aims to cut through the politics and give you, the legal community, just the need-to-know information.
So, what is the impact of a no-deal Brexit? And more importantly, what are the implications for lawyers?
Law firms will be directly impacted by the changes to the law. Updated employment law and immigration law is sure to impact on many firms. However, law firms cannot just look at the impact of Brexit on them. They also need to understand the diverse implications on their clients.
International companies who deal with the free trade of goods and services in the European Union (EU), and the free movement of employees will experience substantial change. Cross-border transit, EU funding, supply chain, international brand names, and so on, will also be subject to radical change.
Many clients will not be prepared for what a no-deal Brexit means for them. With rapidly shifting dynamics on both sides of the channel, companies will look to legal professionals for guidance on the practical implications for their business.
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