TheCityUK has published its 2024 report on the contribution made to the British economy by legal services, including dispute resolution for international parties. The report states, ‘London is the most popular, and widely used, seat for international commercial arbitration by a wide margin. More of these take place in London than in any other city in the world. As an example, it is estimated that more than 80% of the world’s maritime arbitrations are handled in London.’
As in previous years, the LMAA features prominently in the table of UK providers’ caseload statistics for arbitration, adjudication and mediation. The report notes, ‘The London Maritime Arbitrators Association (the LMAA) continues to lead the caseload statistics with 1,845 new cases in 2023.’
The report can be accessed HERE.
Previous reports can be accessed by clicking the below links: