Foreword
Summary
1
2
3
4
5
6
A1
Acknowledgements
Figures and tables
Economic value of English law | Oxera

Experts

Published: October 5th 2021
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2.1: Introduction 2.2: Economic value is created by ‘gains from trade’—realised through transactions 2.3: The law underpins growth in the volume of transactions (and therefore the generation of economic value) 2.4: Considering the law as infrastructure on which transactions take place
3.1: Introduction 3.2: The economic value created through the UK legal services ecosystem 3.3: The economic value created for the UK as a whole -3.3.1: English law as a global market standard -3.3.2: Agglomeration effects -3.3.3: Reduced transaction costs for UK businesses trading internationally 3.4: The choice of law and legal services for internationally mobile transactions
4.1: Introduction 4.2: English law provides significant value to the UK economy -4.2.1: Maritime sector -4.2.2: Commodity trading -4.2.3: ISDA swaps and derivatives -4.2.4: International insurance contracts -4.2.5: The value of English law to the UK economy is significant 4.3: Risks and opportunities 4.4: Future opportunities for the use of English law represent significant potential value to the UK
5.1: Introduction 5.2: English law suffers from a type of ‘market failure’ 5.3: Solutions to the free-rider problem: coordination across private and public parties 5.4: How to manage the ‘provision’ of English law
A1.1: Maritime sector -A1.1.1: Size of the market -A1.1.2: Overview of governing laws -A1.1.3: Risks and opportunities A1.2: Commodity trading -A1.2.1: Size of the market -A1.2.2: Overview of governing laws -A1.2.3: Risks and opportunities A1.3: ISDA swaps and derivatives -A1.3.1: Size of the market -A1.3.2: Overview of governing laws -A1.3.3: Risks and opportunities A1.4: International insurance contracts -A1.4.1: Size of the market -A1.4.2: Overview of governing laws -A1.4.3: Risks and opportunities
Acknowledgements

Experts

Experts

  • Dr Kion Ahadi, Director of Futures and Insight, The Law Society
  • Edward Album, Senior Partner, E.J.C. Album Solicitors
  • Anjalika Bardalai, Chief Economist and Head of Research, TheCityUK
  • Keith Bordell, Partner, Osborne Clarke
  • Rupert Boswall, Partner, RPC
  • James Carter, Partner, DLA Piper
  • Christopher Charlton, Partner, Macfarlanes
  • Richard Cranfield, Chairman, Global Corporate Group and Co-Head of Financial Institutions Group, Allen & Overy
  • Scott Devine, Head of Legal Services, TheCityUK
  • Ian Gaunt, Member of the Board of Directors, Maritime London
  • Professor Annabelle Gawer, Chaired Professor in Digital Economy, University of Surrey
  • Ben Giaretta, Partner, Fox Williams
  • Simon Gleeson, Partner, Clifford Chance
  • Lewis Johnston, Assistant Director of Policy and External Affairs, Chartered Institute of Arbitrators
  • Deborah King, Head of Marketing, Twenty Essex
  • Yannis Manuelides, Partner, Allen & Overy
  • Simon Milnes, Barrister, Twenty Essex Street
  • Professor Christoph Paulus, Professor of Law, Humboldt-Universität zu Berlin/Germany
  • Barney Reynolds, Partner, Shearman & Sterling
  • Audley Sheppard QC, Partner, Clifford Chance
  • Johnathan Wood, Head of International Arbitration, RPC
  • Philip Wood CBE, QC, Former Head, Global Law Intelligence Unit, Special Global Counsel, Allen & Overy