Ungated Post | 24 Oct 2018

Helping to understand the impact of Brexit: The economic outlook for UK legal services

Following the 2016 referendum, economic uncertainty has spread across several industries within the UK economy. This report is Oxford Economics’ and Thomson Reuters’ exploration of the impact of the UK’s potential departure from the EU on the legal services industry.

The report uses several research techniques including economic modelling, face-to-face and telephone interviews, and an online survey to explore the possible outcomes of Brexit for the legal services industry under two scenarios. The first scenario assumes the UK enters a free trade agreement with the EU. The second scenario, the ‘Downside’, assumes the UK and the EU enter a WTO agreement.

The headline result is that we estimate turnover for the legal services sector could be £580mn lower by 2020 if the government fail to agree a transition deal for legal services.

The report also explores the structural changes that could occur in the legal services sector post Brexit. These changes are likely to vary according to firm size and specialty.

Read the full report.

Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial,and policy issues.

To find out more about our capabilities, contact:

EMEA
Paul Donnelly

+44 (0)207 803 1416

Email

Americas
Diantha Redd

+1 (646) 384 0271

Email

Asia
Peter Suomi

+65 6829 7198

Email

Related Services

Post

From disruption to reinvention: The future of supply chains in Europe

Published at the World Economic Forum’s Annual Meeting in Davos, this report explores three possible scenarios for how the Ukraine war could play out over the coming year, modelling the impact of each scenario on the Eurozone economy.

Find Out More

Post

De l’opportunité à l’impact – Évaluer les avantages économiques, sociétaux et culturels de YouTube en Belgique

Cette étude évalue la contribution de YouTube au PIB belge et au taux d’emploi en Belgique, ainsi que son impact plus large sur la société et la culture.

Find Out More

Post

Van mogelijkheden naar impact – Beoordeling van de economische, maatschappelijke en culturele voordelen van YouTube in België

Deze studie beoordeelt de bijdrage van YouTube aan het BBP en de tewerkstelling in België alsook de bredere impact op de maatschappij en cultuur.

Find Out More