Singapore, Hong Kong and Dubai have all been identified as challengers to London's status as the world's commercial litigation hub.
At a Times and Brick Court Chambers debate leading litigators expressed their concerns over whether London's status in the legal sphere as the center for commercial disputes will continue.
Is this Brexit jitters or does London's legal sector need to start worrying and, more importantly, acting?
England’s legal profession establishment is dangerously complacent about the status of London’s commercial court, with a lack of investment meaning that it risks being overtaken by overseas jurisdictions that are cheaper and more technologically advanced. Ministers, senior judges and litigation lawyers must share responsibility for ensuring that England’s court — still arguably the premier venue for international business disputes — does not lose ground to Singapore, Hong Kong and Dubai, as well as to threats from more established jurisdictions such as Paris and even New York.