TAILIEUCHUNG - LORD NEUBERGER OF ABBOTSBURY, MASTER OF THE ROLLS JUSTICE IN A TIME OF ECONOMIC CRISIS AND IN THE AGE OF THE INTERNET

A conclusion which can be drawn out of above figures is that these liquidation numbers closely follow the ups and downs of economic growth figures in real terms. This is not at all surprising as businesses depend on turnover to create cash flows. Liquidations are a lagging indicator of economic growth; they follow the growth pattern rather than leading it. What above table also makes clear is how bank risks are closely correlated with economic growth patterns. When companies go bankrupt, it usually also means substantial write-offs on loans to these companies: an economic loss. In the years. | Master of THE Rolls LORD NEUBERGER OF ABBOTSBURY MASTER OF THE ROLLS JUSTICE IN A TIME OF ECONOMIC CRISIS AND IN THE AGE OF THE INTERNET HIGH SHERIFF S LECTURE 2011 LEEDS 13 OCTOBER 2011 1 Introduction1 1. Good evening. It is a pleasure to be here in Leeds tonight. This is a city with a proud legal tradition and history. Leeds Law Society one of the oldest in the country can trace its roots back to 1805. The North Eastern Circuit of the Bar has been proudly independent since 1876. Both Law Society and Circuit are thriving today. Leeds itself is an ever growing legal centre. On the judicial front both Circuit and City have much to be proud of. Sir George Waller once leader of this circuit and Recorder of Leeds was a strong presence in the Court of Appeal in the late 1970s and early 1980s. Lord Taylor Lord Chief Justice in the 1990s was as Peter Taylor QC also Circuit leader in the 1970s and the Circuit s Presiding Judge in the 1980s. Sir Paul Kennedy a distinguished member of the Court of Appeal till recently also haled from these parts and was Circuit leader in the 1980s. Coming to the present Lord Dyson now a distinguished Justice of the Supreme Court is a son of Leeds. 1 I wish to thank John Sorabji my legal secretary for all his help in preparing this lecture and Richard Susskind IT adviser to the Lord Chief Justice among many roles for his insightful views into possible futures. 1 2. It is fair to say that the city the Circuit and the West Riding itself have all played an important part in our legal history. Given the entrepreneurial nature of its lawyers they are playing an important part today and I am sure they will continue to play an equally important part in the development of the law in the future. And rather than dwelling on the past I thought that I would focus tonight on the present delivering justice at a time of economic pressures and on the future delivering justice in the age of the internet. 3. So far as planning for the future is concerned I .

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