This speech was delivered on 2nd March 2017. Lord Thomas said,

The needs of business changes
‘In 1892, at a time when the serious dissatisfaction with the way in which the courts in London dealt with business cases was coming to a head, the business community made its view clear. According to an unnamed High Court judge the answer was simple. He put it this way,
“Two considerations are important to men of business when contemplating the possibilities of litigation. The first is – money. ‘How much is it likely at most to cost?’ The second is – time. ‘How soon at latest will the thing be over?’ They want to close their books at the end of the current year, to write off bad and hopeless debts, to know upon what lines next year to deal with similar questions should they arise.”

[Note: This letter appears in The Times for 10th August 1892. ]