Manchester has steadily evolved into a large legal powerhouse for the past 15 years, according to Ed Foulkes by Clarke Willmott LLP. ED, who leads the company’s business team, notes that the striking inflow of national and London -based law firms opens local offices, which emphasizes the growing competition of the city with the capital for both customers and legal talent.
Powered by a varied economy, strategic location, excellent transport connections and a relatively lower costs of living, Manchester has become an excellent place for national and international customers to set up or expand their British presence. GDP of the city of £ 33.6 billion underlines its economic significance, while stimulating its strong technology, financing, health care and production sectors.
“Manchester has experienced considerable growth in his legal sector,” says Ed. “It’s just too big a market for national companies to ignore. Although much larger names have long -term regional roots, others now arrive with teams built around local partners. A wide range of customers and specialisms means that there are numerous possibilities for companies that want to grow. “
As the most important technical hub of the UK outside of London, Manchester has an annual technical sector of £ 5 billion. Here, law firms are increasingly running according to intellectual property, data protection, fintech and regulatory compliance with both established companies and the many start-ups of the city. Another factor that stimulates local growth is the attraction of ‘Northshoring’: Manchester is the home of around 90,000 students and two law schools, which maintain a steady pipeline of competent graduates.
Apart from this, projects such as the £ 1.3 billion Manchester Airport expansion program seem to encourage international connectivity and trade, which in turn increases the demand for legal expertise. “When you connect to more worldwide markets, companies are more likely to put or grow here, and law firms are perfectly positioned to support that expansion,” Ed adds.
Having a mayor-oriented administrative structure further enhances the draw of Manchester for companies and investors, thereby streamlining strong leadership and streamlined decision-making at the local level. Meanwhile, established associations such as Pro-Manchester and Manchester Law Society-the largest legal community of Britain outside London-Benes a broad professional network that promotes cooperation and career development.
Above all, Ed says, the attraction of the city extends much further than the workplace: “Greater Manchester is a fantastic place to live, with top culture, sports, and a beautiful surrounding countryside. That vibrant quality of life makes it easy to see why many professionals and companies choose to base themselves here. “
Ed Foulkes leads Clarke Willmott’s office in Manchester and specializes in mergers and acquisitions, stock investments, buy-outs, joint ventures and company structuring.