Have the high charges of City litigation practices, as some in the judiciary believe, slaughtered the goose that laid the golden egg? The number of claims issued in the Commercial Court fell from 1,808 in 1999 to 979 in 2006 (during the same period, the total number of High Court Queen’s Bench Division claims fell even more dramatically – 10,317 to 3,958).
The planned new Business Court is heralded by the Lord Chancellor, Lord Falconer, as housing “a world-class institution to match the UK’s reputation for business law which attracts cases from across the globe”.
