Skip to content
Go back

Article Tags:

Please choose from the following:

'Collaborative' Brexit vital for legal sector - Law Society

'Collaborative' Brexit vital for legal sector - Law Society

The Law Society has warned of the risks of a hard Brexit, urging the government not to 'commit an act of self-harm and unravel our economy'.

President Robert Bourns called on negotiators to work with businesses, including the legal sector, to ensure benefits achieved through EU membership are retained.

These include 'vital' areas of cooperation around security, including the European Arrest Warrant.

'In legal services alone - which are worth in excess of £25.7 billion to the UK economy annually - there are 380,000 people employed and a 1% growth in our sector creates 8,000 jobs elsewhere in the economy.

We must not rip that up.' Key issues for lawyers include recognition and enforcement of judgments; maintaining legal certainty throughout the Brexit process; and cross-border practice rights.

Chancery Lane stressed that EU-wide arrangements have supported the growth of networks established by English and Welsh firms across the EU, and firms from other EU jurisdictions to open and practice in and through London.

This has helped create the biggest and most diverse legal communities in Europe - 200 foreign firms from more than 40 jurisdictions, the Society stressed.

Bourns added: "The abolition of barriers, with the ability to settle disputes easily, has benefited businesses, individuals and firms.

Source: Law Gazette

Find Your Financial Consultant

Financial Consultant Form

More information about FCs

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2021 Wesleyan Assurance Society