What Can Businesses Expect From A Second Wave?

What Can Businesses Expect From A Second Wave?

A few weeks ago, F-Lex was delighted to welcome Ehsan Haque and Daniel Morgan as guest speakers at their Virtual GC Session in collaboration with LexisNexis and Radius Law. Ehsan is the Global Head of Legal and Compliance at Hamilton Capital, and Daniel is Managing Partner at Haines Watts. The topic for the call surrounded the second wave of COVID-19 and its potential impacts on businesses. Some excellent insights were shared by the speakers, which I have summarised below.

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Business Risks and Trends

  • Disputes

A similar trend of concerns is being predicted for businesses facing a second lockdown as we saw with the first. These centre mainly around reviewing contractual obligations, force majeure clauses and dispute resolution options. With so many businesses going through their agreements with a fine-tooth comb, a rise in third party litigation funding is also being anticipated. Having worked through 2008 for comparison, Ehsan highlighted the magnitude of disruption the pandemic is causing: “Global supply chains have completely disappeared. People are looking at their situations and thinking, ordinarily I would honour the contract, but this isn’t feasible in my current situation.”

  • Disconnection

Culturally, Ehsan says Hamilton Capital is lucky because its teams are going into the office five days a week. This allows for high levels of interaction and collaboration, and for any new starters to become integrated quic

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About the author:

Sophie is Head of Learning & Development at F-LEX Legal - an award winning legal tech startup helping law firms and organisations manage a flexible work force and supporting lawyers to make smarter life/work choices. 

As part of her portfolio career Sophie runs various learning and development and networking forums for in-house lawyers and mentors junior lawyers.  These include Flying Solo for small and solo legal teams and Aspire for junior in-house lawyers which she runs for LexisNexis UK.  She also works with schools and organisations to promote social mobility within the legal profession, working with The Social Mobility Business Partnership and Aspiring Solicitors. 

She trained as a lawyer in the City and worked as an in-house lawyer for 10 years including as Head of Legal for Virgin Radio and Ginger Media Group.  

Outside of work she is happily married with three sons and enjoys morning walks along the beach with her two dogs.