June 24 Addendum: Now that the world’s fifth largest (according to BBC’s newscast last night) economy has voted to leave the EU, my article posted June 23 has new significance. The overall message below remains, as exemplified in a message I received this morning from a European GC: “As of today, the biggest activity is within asset management. The legal division remains calm, and the cross function teams (which were already in place) now know that there is a busy period to come and we have time to get organized. Our eyes and ears will remain focused on UK movements but I do not expect any panic; things should unfold in an orderly manner.”
The destablizing effect of the Brexit vote can be unnerving and distracting. In-house legal leaders have learned to balance emotional with rational; you know how to stay calm and extend that calm to others. For those of you in a company or personal situation that may be greatly affected by the UK vote, this will be a good test of your abilities.
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