More arbitrations take place in London than in any other city in the world – 24,000 commercial and civil disputes resolved in the UK through arbitration and mediation in 2013: Legal Services Report 2015, City UK.
London is the venue of choice for corporate legal counsel. A 2010 survey by White & Case and Queen Mary University of London found that London was the seat of preference for 30% of respondents (the next highest preference was Geneva, scoring 9%).
Companies are twice as likely to choose English law over other governing laws for arbitrations. English law was chosen by 40% of companies (the next highest was New York State law by 17%): QMUL 2010 Survey.
The number of mediations in the UK has risen from 1,800 in 2003 to 9,500 in 2013. In 2013 the value of disputes mediated in London was estimated to be £9 billion: CEDR survey.
More than 1,100 barristers undertake international work, generating £132 million in export revenue in 2013: Legal Services Report 2015, City UK.
Over 200 foreign law firms in the UK, adding to the vibrancy of the legal sector: Legal Services Report 2015 City UK .