Chris Wakem On the Current UK Business Law Boom
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Transcript of Chris Wakem On the Current UK Business Law Boom
UK Experiencing a Business Law Boom By Christopher Wakem, London Legal Contractor December 27, 2013 According to a recent article in The Economic Voice, the British economy takes in £3.5 billion from other countries (and £20 billion in general) every year through the business law industry. UK justice is in demand, with buildings opening up all over London just to accommodate the swell of individuals requesting British legal services. From corporate cases to high-‐profile divorce settlements to Saudi Arabian oil disputes, more and more international agents are interested in going through our courts. The one downside to all this success is that the poor and otherwise vulnerable have limited access to justice, what with legal and civil aid getting cut and less lucrative departments getting neglected. But still, many hope that this legal boom of sorts will benefit not just London but all of the UK, with 340 thousand jobs, and plenty of opportunity for regional law firms to snag international cases–with all the demand for services, firms from Scotland to Wales could help share the burden. The popularity is probably due to three advantages of the UK legal system: low costs, respected judgments, and quick case resolution. Just thought I’d do my bit to spread the message even further, hopefully bringing in even more money for the UK, and creating even more jobs. Christopher Wakem is a London-‐based legal consultant/contractor who has worked in the independent bar, private practice, and in-‐house sectors. He has obtained law degrees from the University of Sheffield and University College. Mr. Wakem has provide advice in a wide array of matters, both contentious and non-‐contentious, through his company Lightbringer Solutions Ltd. Chris has helped companies large and small establish risk management policies, develop start-‐up procedures, negotiate framework agreements, secure insurance coverage, and deal with Anti-‐Money-‐Laundering and Anti-‐Bribery and corruption matters.