Legal services will benefit from Brexit freedoms, says PM | News
Britain’s role as a global legal center will benefit from leaving the EU, Downing Street said in its “Brexit Benefits Paper”. The 108-page document, widely interpreted as an attempt to keep Tory backbenchers in check, also promises legislation “to end the special status of EU law”.
In the section “A world of future opportunities”, the document notes that the legal sector contributed more than £29.6 billion in gross value added to the economy in 2019. “We promote the attractiveness of the Kingdom United as a legal center and as a center for dispute resolution.’, the document states.
Highlighting the issue of international collaboration in private international law, the document reveals that the government must consult each other to become a party to the Singapore Convention on Mediation. Participation in the 2019 treaty “would provide the UK with the opportunity to play a more active role on the global private international law stage and ensure that our preeminent legal services sector maintains and strengthens its global position as a world leader” .
The legal sector will also benefit from “unprecedented provisions” in free trade agreements (FTAs) made possible by Brexit, the document says. The Free Trade Agreement with Australia “secured the right of British barristers, solicitors and barristers to practice using their British title in both British and international law”. The Digital Economy Agreement with Singapore is the first trade agreement to include specific commitments on Lawtech.
Provisions supporting the legal services sector will be pursued in negotiations with priority jurisdictions, including Canada, Israel and Mexico.
With regard to the reform of retained European law, the document states that an intergovernmental review “will provide an authoritative assessment of the concentration of retained European law in legislation and in sectors of our economy”. The objective “is to ensure that this body of law derived from abroad has the appropriate status given that we are no longer a member of the EU”.
The document reiterates previous promises to create a “data protection regime conducive to growth and innovation”.
Among the “Brexit freedoms” already in effect, the document lists the supremacy of the Supreme Court of the United Kingdom. “British judges, sitting in British courts, now determine the law of the land in the UK, with judgments delivered in English, not French, and accessible to those who speak Welsh.”