I have previously spoken about how (according to Natwest’s report in 2016) the West of England’s small and medium-sized law firms are amongst the most profitable in the UK, second only to London for profit growth.
Although all sectors are seeing growth, the South West is experiencing an upturn in: property, corporate and private client work, which coincides with Bristol now acting as the third largest financial services centre in the UK, outside of London.
Over the last several months, the South West has undertaken a travel infrastructure facelift as the UK looks to make the region more accessible to the rest of the country. Updates to transport links look to bring a boost to jobs and tourism in the area.
From a legal perspective, improved access across and into the South West makes the transition of moving into the area much easier. With high quality work, a growing legal sector and now improved transport links; the South West is rapidly developing into its own legal hub.
Faster Train Lines
In 2018, new high speed trains will be replacing the old Intercity 125s in the biggest upgrade to the South West’s rail services in a generation. The new trains will offer more seats, quicker journeys, and better reliability.
There has also been the electrification of the line from Paddington which allows passengers to arrive in Bristol City Centre in an impressive one hour and forty minutes from the capital. This opens up the possibility for more legal professionals to commute across the Main Great Western Line and into the South West.
As Theresa May recently stated, the proposed development of Heathrow Airport will have a positive impact on the South West. According to the Prime Minister, “Not only will it allow the South West’s exporters to reach new markets around the world and encourage new tourism investment, it will also bring the prospect of cheaper and more convenient holiday trips to all corners of the globe.”
Road Upgrades Too
It’s not only travel by air and rail that’s improving, the promise over an improved road network will also make journeys across the country less time consuming.
Theresa May continued to explain that: “Of the £15bn government investment in the national road network, the single largest project is upgrading the A303 and the A30 to a 4-lane expressway. When complete, it will include a 1.8-mile tunnel past Stonehenge and it will be possible to travel by dual carriageway from Camborne to London.”
These updates are making all parts of the South West far more accessible to the rest of the UK, which makes the region as a whole more attractive for prospective employees and law firms looking to move into the area.