Step 1: Understanding the Concept:
Check continuity and differentiability at $x=2$.
Step 2: Detailed Explanation:
For $x \le 2$, $f(x) = x^3 - 3x^2 - 12x + 1$. At $x=2$, $f(2) = 8 - 12 - 24 + 1 = -27$.
For $x>2$, $f(x) = 37 - 2x$. At $x=2$, $f(2) = 37 - 4 = 33$.
Since $f(2)$ from left is $-27$ and from right is $33$, $f$ is not continuous at $x=2$. Hence $f'(2)$ does not exist.
Step 3: Final Answer:
$f'(2)$ does not exist.