Brexit prompts surge in new legal work for Nottingham legal companies
The Legal 500 has also termed its leading people in the East Midlands. Click here to view the entire list.
There is also an increasing demand for expertise in Court of Protection matters while personal injury and medical negligence practitioners, despite plenty of reforms and legislative acts, remain busy on the claimant side.
The Legal 500 also said that private customer work for high-net-worth individuals is just another area of growth, both in family-related issues and taxation and estate planning.
Firms singled out due to their regional and national growth of the customer network include Flint Bishop at Derby, Spearing Waite at Leicester and Actons at Nottingham.
“Student accommodation and mixed-use improvements are key examples of real estate activity in the region.”
The publication said that the “desire” for specialist company information has begun to increase after the referendum outcome and law firms have been handling a steady stream of commercial work.
“Commercial property activity on the non-contentious side continues, especially in the retail, residential and office sectors.
The report said: “Little and midsize businesses continue to be a major goal for regional firms active in the transactional space.
Law firms in the East Midlands are experiencing a rise in need in the aftermath of this Brexit referendum result, according to the newest Legal 500, published now.
The annual publication once again lists the top firms operating in the area such as Browne Jacobson and Eversheds Sutherland that “predominate” the Nottingham scene together with Freeths and Gateley, which also has offices in Leicester.
“The conclusion of economic recession brought a revival of debt restoration work and insolvency litigation, along with the market for general commercial and real estate litigation remains steady, the latter largely arising from delayed building projects as well as nuisance abatement maintains.
“As lenders are becoming more willing to provide funding, private equity transactions have too been on the rise, frequently involving investors based abroad.
The Legal 500 said states that Wilkin Chapman, that counts land owners and members of their armed forces among its customers, has preserved a “solid standing” at Lincolnshire while Howes Percival services Northampton and the surrounding region.
We spoke to some businesses based in Nottingham about how Brexit was likely to impact them:
Brexit could go either way for many of our industrial colleagues. On one hand, the knock on effect of some of our suppliers being able to get goods into the UK could cause price increases which would have a waterfall effect throughout the industry. On the other hand, many of our supply partners manufacture in Britain and could therefore compete more fiercely against their continental counterparts. It’s difficult to say what effect it could have.
We’re nervously waiting to see what impact Brexit will have. One argument would be that if it caused us to fall into a recession then it could cause customers to stop spending on things like home improvements. The other argument would be that if it made the economy stronger then it could make it busier.