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New research reveals the risks of a 'crumbling' legal system

Posted on 3 November 2021

New research from the Social Market Foundation shows that a crumbling legal system poses a series of risks for Britain's economic growth and international influence.

The report, "Law and the open economy: Securing the future of English law and civil justice system for 21st Century prosperity" outlines the growing evidence that English law is, in some areas, in desperate need of modernisation, alongside the civil justice system that underpins it.

Mishcon de Reya sponsored the Social Market Foundation's research.

Commenting on the report, Managing Partner James Libson said:

“We are proud to have supported this research, which is a timely reminder of the direct and indirect importance of English law not only to our continued economic prosperity, but also to our sense of place and influence in the world.

“For too long, we have taken the economic and social benefits of our system of law for granted, ignoring growing problems and allowing other legal centres to steal a march. 

“If we are to continue experiencing the considerable benefits that English law has historically brought to the UK, it is vital that government, legislators, business and the legal profession act now.”

Visit the Social Market Foundation to access the full report.

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