*/
Profession
More international and commercial arbitrations take place in London under English law than in any other city of the world, the Legal Services Board has noted in its paper, ‘Market impacts of the legal Services Act 2007’, published at the end of October.
It reports that the London Court of International Arbitration has seen a growth in use by overseas parties, and predicts that this is likely to increase with the opening of the Rolls Building court centre last year.
The Bar is increasing its share of the export market – in 2010, its overseas exports totalled £152m, up from £131m in the year before, according to a report last year by TheCityUK. As the Bar Council has pointed out, barristers’ chambers and law firms make a significant contribution to the UK economy, amounting to £23.1bn or 1.8% of the UK’s gross domestic product in 2009.
Moreover, while legal services have been affected by the economic downturn, barristers are helping to drive recovery, according to the LSB’s paper.
It records that the total turnover of the legal services sector returned to pre-recession levels in 2010/11 (reaching £25.49bn compared to £25.47bn in 2007/08).
In the first year of the recession, between 2007/08 and 2008/09, solicitors’ firms experienced an 8% fall in turnover. Barristers and other non-solicitor legal services providers, however, saw their turnover grow during this period, “driving the return to pre-recession turnover levels for the whole market”.
Non-solicitor and barrister legal services consistently account for a third or more of total industry turnover.
It reports that the London Court of International Arbitration has seen a growth in use by overseas parties, and predicts that this is likely to increase with the opening of the Rolls Building court centre last year.
The Bar is increasing its share of the export market – in 2010, its overseas exports totalled £152m, up from £131m in the year before, according to a report last year by TheCityUK. As the Bar Council has pointed out, barristers’ chambers and law firms make a significant contribution to the UK economy, amounting to £23.1bn or 1.8% of the UK’s gross domestic product in 2009.
Moreover, while legal services have been affected by the economic downturn, barristers are helping to drive recovery, according to the LSB’s paper.
It records that the total turnover of the legal services sector returned to pre-recession levels in 2010/11 (reaching £25.49bn compared to £25.47bn in 2007/08).
In the first year of the recession, between 2007/08 and 2008/09, solicitors’ firms experienced an 8% fall in turnover. Barristers and other non-solicitor legal services providers, however, saw their turnover grow during this period, “driving the return to pre-recession turnover levels for the whole market”.
Non-solicitor and barrister legal services consistently account for a third or more of total industry turnover.
Profession
More international and commercial arbitrations take place in London under English law than in any other city of the world, the Legal Services Board has noted in its paper, ‘Market impacts of the legal Services Act 2007’, published at the end of October.
The age of criminal responsibility, extreme weather and conflict resolution – plus, new protocol for reporting bullying at the Bar
By David Green
Mário Barroso, Head of R&D and Method Development at AlphaBiolabs, examines the forensic science underpinning hair drug testing, its evidential scope and limitations, and why it remains the gold standard for evidencing patterns of drug use in family proceedings
Unlocking your aged debt to fund your tax in one easy step. By Philip N Bristow
Clement Cowley, Partner at The Penny Group, discusses the upcoming changes to pensions and Inheritance Tax and the potential impact on your financial future
Save the Children UK is the latest charity to benefit from a £500 donation from AlphaBiolabs via the company’s Giving Back initiative
Barrister apprenticeships – shortly to provide the fourth pathway to the Bar – are an ideal opportunity to support local talent and ‘grow your own’, say Tim Coulson and Dr Jane Dennehy
Oliver Lewis spotlights an overlooked yet rapidly evolving area of law – coercive and controlling behaviour within care contexts
Solicitor General Ellie Reeves KC MP discusses her decade as a trade union and employment law barrister, the demands of life as a Law Officer and the number one priority shaping her work. Interview by Anthony Inglese CB
A decade of reviews and research has disrupted accepted thinking in the search for causality. Suicides following abuse have overtaken domestic homicides. Is the law keeping up? Professor Susan Edwards KC (Hon) examines recent cases and the obstacles to successful prosecution
At least not that way, says Richard Paige
