London rakes in record fees from overseas demand for legal services Law London is leading the charge of the British legal sector’s overseas exports which surged by 60 per cent over the past five years, hitting a record of almost £11bn, new data has revealed. According to data from the Law Society, the professional body for 178,000 practising solicitors in England and Wales, London “remains an international [...]
Mind the Split: London is the best city to be a divorce lawyer Legal London’s reputation as the divorce capital of the world looks set to grow after a recent court ruling paved the way for more foreign cases to be heard in the city. Litigation-focused law firm Stewarts has expanded its high-net-worth practice to meet rising demand for complex, high-value divorce work. High-profile, high-net-worth divorces collect media headlines [...]
Governments owe $80bn in investor-state Arbitration losses Legal Investor-state disputes have more than doubled over the last decade, with decisions against governments totalling over $250m (£186m), and governments’ debts accumulating over $80bn (£60bn). Investor-state disputes enable overseas investors to recoup some of their investment if a government breaches its investment treaty obligations. Arbitration, an out-of-court method, is the preferred system for resolving these [...]
UK legal sector ‘open for business’, with new Arbitration Act, minister says February 24, 2025 The UK is “open for business” as the new Arbitration Act received royal assent, the courts and legal services minister has said. The new law, which is aiming to boost the UK ranking in modern dispute resolution and attract international business, passed the final legislative hurdle today [Monday]. It aims to make arbitration fairer and [...]