ROYAL London, the UK’s largest life mutual, is among major businesses which have signed up to a crowd-funded Brexit advisory service.

Law firm Pinsent Masons, which entered the Scottish market when it acquired McGrigors in 2013, said it has developed the service following the deluge of legal queries sparked by the UK’s decision to leave the European Union (EU).

Subscribers to the paid-for services gain access to an online portal where they can ask Brexit-related questions and expect an answer within 48 hours.

Alastair Morrison, head of client strategy at Pinsent Masons, said: “The next few months – and years – will be challenging for executive teams.

“They have to balance the need for a strategic response to Brexit against all the other pressures and priorities that existed before the UK voted to leave the EU. BASe (Brexit Advisory Service) is a recognition of and response to that pressure.”

Lendlease, the Australian-listed property firm, has also signed up to the service.