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The significance of the practice statement is that it serves as a guideline to achieving your objectives. Most professionals will have a practice statement which may also be used as a mission statement.

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βˆ™ 11y ago
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βˆ™ 7mo ago

The Practice Statement provides guidelines for the judiciary, highlighting the flexibility and adaptability of the common law system. It allows the House of Lords, now the UK Supreme Court, to depart from its previous decisions when necessary in the interest of justice and the evolution of the law. This helps to ensure that legal principles remain relevant and responsive to changing societal needs.

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Q: What is the significance of the practice statement?
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