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Growth of Holborn as a Legal District

Introduction

Holborn is one of the eight legal districts in London that formed during the creation of the City of London Corporation in 1889. As part of this development, Holborn was created from parts of various other areas. This article will delve into the history of growth and development of Holborn as a legal district, including its key facts, historical context, significant contributions, and notable attractions.

Key Facts

  • Formation: Holborn was formed in 1889 through the amalgamation of several smaller areas.
  • Location: Holborn is situated approximately 1.5 kilometers northwest of the City of London's center.
  • Population: As of the 2011 census, the population of Holborn was around 23,000 people.
  • Employment: Holborn has a diverse economy with significant contributions from finance, law, and education.
  • Infrastructure: The area is served by several major transportation routes, including the London Underground (Piccadilly line), buses, and river transport.

Historical Context

Holborn's history dates back to medieval times. During the 12th century, Holborn was a small settlement with limited economic activity. However, as trade and commerce grew in the area, it began to expand. In the 15th century, Holborn became an important center for wool and other textile production.

The modernization of London during the 18th and 19th centuries transformed Holborn into the bustling financial hub we know today. The establishment of the East India Company in 1600 and the growth of international trade created a thriving economy that attracted many immigrants from different parts of Europe. This led to an influx of new residents, including entrepreneurs, lawyers, and other professionals.

Significant Contributions

  • Finance: Holborn has played a significant role in London's financial sector, hosting institutions such as the Royal Exchange and the Bank of England.
  • Law: The area is home to several prestigious law firms, including Allen & Overy and Freshfields Bruckner Arnoldes & Sheillings.
  • Education: Holborn is served by several world-class universities, including the University College London (UCL) and City University London.

Notable Attractions

  • The Royal Exchange: A historic building that dates back to 1754 and serves as a hub for financial institutions.
  • City Hall: The main civic center of the City of London, located in Holborn.
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