When asked how the Covid-19 crisis could change how people work in the future, and what the ‘new normal’ may look like, Matthew said that the industry had “proved” that remote working was relatively successful, and this period of time may have sped up its adoption.
“The inclusion of tech [was] always going to come, we know that, but that may be brought forward based on what’s just happened, and what continues to happen,” he said.
“…The productivity levels, the lifestyle, the employee satisfaction has [all] increased.
“There is an argument that that will change the way certain companies work.”
He added that processes could also change, such as AVMs, e-signatures, and remote due diligence from a lawyer’s perspective.
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“…That may all have an effect, but who knows whether that’s here to stay at this point, or whether that’s still in infant stage of development.”
The webinar, ‘Life after Covid-19: Mobilising back to a new normal’, discussed the impact that the pandemic will have on supply chains, both in the UK and internationally, and whether it will change the way contractors source their materials and labour in the future.
Part one of the webinar can be viewed in full, below.
Attendees also considered what lenders’ processes will be like once developers can open their sites and are faced with revised predicted completion dates, and what clauses, legally, a finance provider could invoke on the client.
Arc & Co’s managing director of structured finance, Edward Horn-Smith, and director of structured finance, Matthew Yassin, was joined by Simon Collins, partner in the banking and finance team at Forsters LLP; Niccolò Barattieri, CEO at Northacre; Dan Smith, CEO at Fortwell Capital; and Michael Sharpe-Neal, divisional director in the valuation team at Savills.
Beth Fisher, editor at DFT, chaired the discussion.
The second and third parts of the webinar will be published on Tuesday and Wednesday this week on DFT.