In a bid to bolster the capital’s reputation for financial and legal services post-Brexit, the City of London Corporation (CLC) has announced its backing for the development of a new court complex on Fleet Street to replace all of the City’s current court services except the Old Bailey.
The space will provide for 18 courtrooms and focus largely on fraud, financial crime and cyber-crime (though it will also hear civil and criminal cases listed in City magistrates and county courts). It is hoped that situating the courts among leading professional services firms will be more conducive to tackling criminal activity and resolving disputes.
CLC will conduct a feasibility study to analyse cost implications and identify possible funding sources. Catherine McGuinness, CLC Policy Chairman, stated “the City is a natural choice to house this modern judicial centre”, while Justice Minister Dominic Raab called it “a terrific advert for post-Brexit Britain.”