The EU-UK Trade and Cooperation Agreement (TCA), concluded in late December 2020, addresses a range of topics of interest to professional practices, but a glaring omission is a framework for trade in services between the EU and the UK.
This has significant strategic implications for professional practices that are based in the UK but service the needs of clients in the EU (and vice versa), or who have offices in both the UK and EU. While much remains to be agreed, over timeframes that might extend to several years or more, there is a lot that such practices need to do now.
In this discussion, you can hear Session Chair, Robert Millard, Cambridge Strategy Group, Zulon Begum, CM Murray LLP, and guest speakers Mickaël Laurans, The Law Society of England and Wales, Ceris Gardener, Maurice Turnor Gardner LLP and Markus Hartung, Kanzlei Chevalier discuss the following:
- What steps professional practices need to take in the short term in order to align with the new realities
- What impact the TCA will have on market access compared with EU single market access
- What the potential regulatory impacts may be in the absence of mutual recognition
- What services UK LLPs may provide in EU countries
- How firms should prepare for further changes as they unfold, including with respect to mobility and immigration issues
- How firms can seek out and take advantage of the opportunities that may result from Brexit.
For more information on the issues covered in this recording, please contact Partner Zulon Begum, who specialises in partnership law and focuses on advising professional services firms on structuring, governance, LLP/partnership agreements, mergers and acquisitions and partner exits, team moves and restrictive covenants.
We are delighted to launch the Professional Practices Alliance LinkedIn group, a collaborative networking and information sharing space for professional services firms. Join our LinkedIn group here.
Follow the Professional Practices Alliance on Twitter: @PartnershipAlln