Government must not undermine £25.7bn legal sector in Brexit process, warns City lobby group
Government must take care not to unwittingly damage the UK's legal sector, which was worth roughly £25.7bn to the economy in 2015, in the Brexit process, a report out today has warned.
The study, produced by lobby group TheCityUK, called on government to make sure the legal sector would not only retain access to overseas talent post-Brexit but also provide clarity on how laws and judgments can continue to operate cross-border in EU member states.
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Miles Celic, chief executive of TheCityUK, said: "The UK-based legal services sector is the leading global centre for the provision of international legal services and dispute resolution…It is vital that the key challenges and opportunities for the sector are addressed in the Brexit negotiations and that its competitiveness is maintained and enhanced."
Chairman of the Bar, Chantal-Aimee Doerries, added: "We must not take for granted the high regard in which our courts and judges are held around the world, and the role this plays in our economic success."