Mr Yarrow also said that disputes resolved in London take an average of two months less than the global average. In comparison with the US legal sector, he said that the UK has about the same market share even though there are ten times as many lawyers in the US.
Legal bills
The mayor's eulogy forms part of an article discussing a three-day Global Law Summit which takes place in London between 23 and 26 February. Mr Yarrow also quotes the general counsel of Tata Industries in Mumbai as saying: 'As part of a reliable and trusted legal system, English lawyers have incredible added value in terms of their international know-how. They can make scarce resources go further, manage risk better, and make deals happen faster. They help to keep the legal bills down.' Source: City AM
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