Britain’s legal Industry brace for a no deal Brexit

The UK is currently the second largest provider of legal services in the world and number one in Europe. But if a no deal Brexit goes ahead the future could be a lot less certain for Britain’s legal industry. “According to our estimates, the volume of work in legal services would be down £3.5bn* – nearly 10% lower than under an orderly Brexit,” said Law Society of England and Wales president Simon Davis.

‘Our sector contributed £27.9bn to the UK in 2018―1.4% of GDP―and in 2017 posted a trade surplus of £4.4bn, according to the Office for National Statistics (ONS). Much of this balance of payments surplus is down to access provided by EU Lawyers’ Directives.’ Under current arrangements, solicitors have the ability to advise clients in the EU on matters such as EU law, the law of the host state, and all types of law.

Simon Davis has called upon the government to make an agreement with the EU that is similar to the Lawyer’s Directives, this will mean that solicitors will still be able to practice in the EU.

To find out more information click here.

How Can We Help

Hawsons Chartered Accountants is one of the few accountancy practices with a dedicated team of solicitor accountants specialising exclusively in the needs of solicitors and legal professionals in Sheffield, Doncaster, and Northampton.

To find out more about our services click here.

To get in contact and book your free initial meeting click here.

 

 

More from our legal sector experts

You can find all of our latest legal sector news and newsletters here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

Simon Bladen

Partner, Sheffield

0114 266 7141

[email protected]

Our offices

Pegasus House, 463a Glossop Road, Sheffield, S10 2QD

5 Sidings Court, White Rose Way, Doncaster, DN4 5NU

Jubilee House, 32 Duncan Close, Moulton Park, Northampton, NN3 6WL

Northampton

01604 645 600

Contact

Get in touch

All content © 2019 Hawsons

Pin It on Pinterest

Share or print...

Shares