Atkin Chambers was delighted to support a new research report from LegalUK and Oxera Consulting LLP on the economic value of English Law to the UK.
The report establishes that English law is of value well beyond the legal sector and in fact annually underpins hundreds of trillions of pounds of business activity in the UK and abroad.
The report is the first of its kind to investigate the economic value of English law, as distinct from legal services. It finds that English law represents a significant asset and platform, in large part due to the fact it continuously evolves to reflect the issues businesses face.
The report marks the formal launch of LegalUK, a body including representatives from across the legal industry including solicitors, barristers, arbitrators, industry bodies and other key stakeholders within the legal community.
The Oxera report was funded by Allen & Overy, Atkin Chambers, Baker McKenzie, Bar Council, Blackstone Chambers, City of London Corporation, Clifford Chance, CMS, DLA Piper, HFW, Herbert Smith Freehills, Howard Kennedy, Kennedys Law, Linklaters, Macfarlanes, Mishcon de Reya, One Essex Court, Osborne Clarke, RPC, Simmons & Simmons, South Square, Stewarts Law, The Law Society, Travers Smith, Twenty Essex and Wilberforce.