Will Brexit Screw Us? Forum

[WinSome]

As someone who is starting as a corporate associate in the fall, I'm a bit worried about Brexit's potential impact on the US economy. Now that it looks like the UK will be exiting the EU, will it lead to another economic downtown? Personally, I think the impact will be limited to the European market, specifically the pound will go way down. However, with the global economy, you can never be sure the impact on other markets. So what do all of you think, is Brexit going to fuck us?

[Sprout]

As someone who is starting as a corporate associate in the fall, I'm a bit worried about Brexit's potential impact on the US economy. Now that it looks like the UK will be exiting the EU, will it lead to another economic downtown? Personally, I think the impact will be limited to the European market, specifically the pound will go way down. However, with the global economy, you can never be sure the impact on other markets. So what do all of you think, is Brexit going to fuck us?

Well the stock market will be a zoo in the morning that's for damn sure

[North]

Tag. Which corp groups face the highest risk of getting fucked by probably-racist English country folk?

[WinSome]

Tag. Which corp groups face the highest risk of getting fucked by probably-racist English country folk?

Working in capital markets/finance so super worried.

[North]

Tag. Which corp groups face the highest risk of getting fucked by probably-racist English country folk?

Working in capital markets/finance so super worried.

Me too, dude. Me too.

[Anonymous User]

SA'ing at a Cap Markets heavy firm. I'm getting hardened to the idea that I won't come out with an offer.

[bearsfan23]

Yes

[mvp99]

should I even study for the bar?

[WinSome]

should I even study for the bar?

It's alright. It's late enough that they probably won't rescind our offers until after the bar.

[mvp99]

lawyers are winners* says bloomberg http://www.bloomberg.com/news/articles/ ... e-to-leave

[WestOfTheRest]

Tag. Which corp groups face the highest risk of getting fucked by probably-racist English country folk?

Working in capital markets/finance so super worried.

Me too, dude. Me too.

I'm sorry, but I just don't see what you're so worried about? Companies still have funding demands and all those big corporates that have taken a ton of work in-house are going to start hunting for big firms that can advise on their "simple" debt programs.

If the Brexit causes a recession or some sort of global economic collapse, we might want to start worrying, but right now it looks like this is going to create a bunch of legal work.

[Johann]

you guys need to chill or else you're in for a long career. if youre already freaking over britains EU pullout, how are you going to react once france and germany and scandinavia follow suit.

i jest bc you'll be fine - they're going to fire the most expensive senior associates/of counsel/non-equity partners

[Anonymous User]

Fuck the BrexiTTT

[MurdockLLP]

Brexit + Obligations under Cravath raises = Disaster for rising 2Ls.

[MCFC]

lawyers are winners* says bloomberg http://www.bloomberg.com/news/articles/ ... e-to-leave

Attorneys with experience of international treaties will be in huge demand in London for years.

Good news for recent American law school graduates then.

[North]

I'm sorry, but I just don't see what you're so worried about?

Unprecedented uncertainty --> Companies hold off on seeking credit to see how things shake out + financial institutions get stingier about extending credit to see how things shake out --> our jobs in structured finance literally disappear

[kellyfrost]

No we will be fine. The US stock market, commodities markets, and your 401(k) or retirement accounts will take a beating for a short period of time, but that is about it. It will be back to business as normal within a month or so.

[2014]

Sounds like an interesting time to be involved in INTERNATIONAL LAW

[favabeansoup]

Isn't the pullout happening slowly over the next like 2 years too? Presumably lots of time for non politicized negotiation within that time period. Obviously immediate market reactions are bad but hopefully not too bad over medium to long term.

[MCFC]

Isn't the pullout happening slowly over the next like 2 years too? Presumably lots of time for non politicized negotiation within that time period. Obviously immediate market reactions are bad but hopefully not too bad over medium to long term.

I don't know. I'm pretty relaxed about it overall, but it seems like all the incentives push in favor of the negotiations being highly politicized.

[Pokemon]

Isn't the pullout happening slowly over the next like 2 years too? Presumably lots of time for non politicized negotiation within that time period. Obviously immediate market reactions are bad but hopefully not too bad over medium to long term.

Yeah but two years of unpredictability is pretty bad.

[TheoO]

Hope the best, expect the worst and try to do the best work you can. This is all anyone can really say.

[favabeansoup]

Good time to take a London vacation with low exchange rate?

[Anonymous User]

Will firms cut summer classes/ax 3L OCI over this?

[TheoO]

Will firms cut summer classes/ax 3L OCI over this?

Impossible to say, but certainly likely.

I imagine 3L OCI was already being at least partially cut by raises.