Europe & UK

January 16, 2018

Ireland to become leading centre for global legal services


law

Ireland is promoting itself to become the leading centre for global legal services as the country will be the only English speaking common law jurisdiction fully integrated into the European legal order after the exit of Britain from the European Union.

Elated with the current situation, the country’s Bar council is optimistic that there is a significant opportunity for both the Irish legal sector and the wider economy to grow.

Ireland’s Bar Council Chairman, Paul McGarry, said that English law is widely used for commercial contracts across the world and with UK leaving the European Union; there is a real risk that the judgments of English courts may not be enforced in member states easily.

“The International consumers of UK legal services are already signaling that they will move operations. In that sense, the UK’s departure from the EU creates a real opportunity for Ireland, not only for the legal services but also for the wider economy,” he said.

Echoing Paul McGarry views, Charlie Flanagan TD, Ireland’s Minister for Justice and Equality, said, “The growth in international trade and investment across borders has increased demand for legal advice and representation. While the ultimate outcome of the Brexit negotiation process is not yet known, the UK’s withdrawal from the EU will give rise to a changing landscape, including in the field of legal services. The initiative will help put Ireland on a firmer footing to benefit from any opportunities that arise from the UK’s departure from the EU, leaving Ireland the only English speaking common law jurisdiction in the Union.”

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