Research by the Ministry of Justice shows that almost 2/3 of lawyers fear that a hike in court fears will impact London's reputation at the global centre in commercial disputes.
Commentators have focused primarily on the impact the fees will have on smaller cases. However there are evidently serious concerns in the sector on how it will affect big ticket litigation as well.
The statistics also showed that Singapore and New York were the most popular, alternative, destinations to bring a case under under English law.
research recently undertaken by the Ministry of Justice shows that 61% of respondents believe the proposals will have a negative impact on the UK's competitiveness in commercial disputes