Making Commercial Law Through Practice 1830-1970 adds a new dimension to the history of Britain's commerce, trade manufacturing and financial services, by showing how they have operated in law over the last one hundred and forty years. In the main law and lawyers were not the driving force; regulation was largely absent; and judges tended to accommodate commercial needs, so that market actors were able to shape the law through their practices. Using legal and historical scholarship, the author draws on archival sources previously unexploited for the study of commercial practice and the law's role in it. This book will stimulate parallel research in other subject areas of law. Modern commercial lawyers will learn a great deal about the current law from the story of its evolution, and economic and business historians will see how the world of commerce and trade operated in a legal context.

Draws on archival research to tell the story of the nineteenth and twentieth-century development of commercial law through practice.

About the Author
Ross Cranston is a Professor of Law at the London School of Economics and Political Science. He was previously a High Court Judge for England and Wales 2007-2017, and was Solicitor General for England and Wales 1998-2001.

Reviews
'The author has drawn on an impressive range of source material-the detailed footnotes to the text refer to contemporary accounts of commercial practice, economic and historical studies, business and banking archives, law reports of the period, and a number of victorian literary extracts whose charecters convey the sentiments of the time. This is undoubtedly an important work.' Nikki Singla, Counsel Magazine
'... superb volume ... It is impossible within the compass of this review to do justice to the wealth of learning and historical data contained in this superb work. It is not only legal historians but all those interested in the evolution of commercial law who will derive both profit and pleasure from reading it.' Professor Sir Roy Goode, Journal of International Banking and Financial Law
'... a work of impressive scholarship, drawing on many original sources including business and bank archives ... [It] is not only of great historical interest. It is a timely reminder that English commercial law needs constantly to adapt to the changing needs of commerce.' George Leggatt, Law Quarterly Review
'Ross Cranston's fine study sheds new light on how English commercial law has been made. The analysis presented is a humbling one for commercial lawyers and judges. What emerges is how much commercial law was established by the market participants, with little involvement of lawyers, and still less of the courts or the state. The particular contribution of the book is Professor Cranston's illumination of the role of non-state institutions and organizations in such 'private law-making'. Drawing on an impressive range of sources, he explores the essential role played in the process by the commodity exchanges, trade associations, auctioneers and clearing houses of nineteenth-and earlyt wentieth-century Britain.' Christopher Butcher, The Journal of Legal History
'The first main point of interest in Making Commercial Law is the detailed analysis of how English law and English courts shaped the normative environment within which markets expanded, in England and in a large part of the world ... the first introductory chapter (pp. 1-60) should be a must-read for any historian with even a passing interest in the operations of nineteenth-century markets or in the way the Common Law shaped those markets - and not as a dummy variable.' Jerome Sgard, The Journal of Economic History



Book Information
ISBN 9781316648377
Author Ross Cranston
Format Paperback
Page Count 527
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 833g
Dimensions(mm) 244mm * 170mm * 27mm