Brexit Still a 'High Threat' For UK's Top Firms as 2020 Dawns
A survey by Thomson Reuters into some of the UK's largest law firms suggests many still believe Brexit poses a high risk to profitability.
December 17, 2019 at 07:58 AM
2 minute read
Many of the U.K.'s top firms believe that Brexit will continue to pose a "high threat" to their profitability throughout 2020, according to new research.
In a new survey into what it refers to as the "U.K.'s top 100 law firms", Thomson Reuters reveals that 42% of law firms identify reduced investment into the U.K as a significant risk to their own profitability. The second-highest risk is the uncertainty over free trade between the European Union and the U.K., with 38% expressing concern.
Additionally, 29% of firms polled are concerned by the impact Brexit will have on the U.K.'s financial sector, amid speculation that it will erode its position as a global financial services hub.
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