Jim Leason, VP of market development and strategy for Thomson Reuters Legal UK & Ireland, considers the implications of Article 50.
Now that UK PM Theresa May has served the notice required to leave the EU, what does this mean for lawyers advising clients in the UK?
For the full article on this recent development, visit Thomson Reuters Legal UK & Ireland.
Given the scale of the change ahead, the two year ‘run-off’ period until the date the UK leaves on 29 March 2019 (B-Day), and beyond, will create a demand for legal advice like nothing we’ve seen before. Although challenging, the notice period presents an opportunity for lawyers to establish, embed or augment their trusted advisor status.
Having given notice, it’s going to be a while before we have certainty over what UK law will look like on B-Day. What will the future trading relationship be between the UK and the EU, as well as between the UK and other countries which have trading relationships with the EU?
For more on Brexit and its implications, see the full coverage on Thomson Reuters Practical Law.