As market uncertainty continues after the United Kingdom voted in a referendum to leave the European Union, Vipal Monga and Tatyana Shumsky wrote about one sector that could see a boom:

• At a minimum the UK will require two years to extract itself from the EU, requiring months of discussions involving international law experts.
• Some law firms have set up 24 hour hotlines to respond to the deluge of requests they’re getting in the wake of the referendum results.
• The need for private sector aid is especially acute because the UK hasn’t had to conduct its own trade negotiations in a long while – this was largely taken care of by the EU.
• If EU laws ever stop applying then the UK will have to start drafting its own laws on subjects as varied as food safety requirements around the making of cheese, and ensuring routes for the migration of honey bees.

Read more here.

Source: The Wall Street Journal