Justice secretary promotes UK City law
updated on 22 March 2013
Justice secretary Chris Grayling has lauded the UK legal profession and the value of City law firms to the country's economy. He went on to announce renewed efforts to encourage wealthy foreign clients to use the UK legal system to settle disputes, as well as help domestic law firms develop their businesses abroad.
The Law Society Gazette reports that senior figures from all government departments are scheduled to meet with stakeholders in the legal profession to discuss the new promotion drive twice in 2013. Meanwhile, the Ministry of Justice will produce and distribute a practical guide to UK law among a wide range of foreign businesses and lawyers. Grayling also argued for the deregulation of barriers to UK law firms operating abroad and particularly for the liberalisation of the Indian legal market.
Praising the United Kingdom's reputation for commercial law, Grayling said: "People all over the world know that for dispute resolution you come to… Britain because it’s cheaper - it cost 15% less here than the rest of Europe; you come to Britain because it's quicker - cases are concluded in months not years; and you come to Britain because a judgment of a British court comes with a cast-iron guarantee of impartiality, integrity, and enforceability."
