If the credit crunch really starts to hurt, one part of the profession will be cosily immune - the public sector.
Managing partners who have spent recent years insisting that their public sector teams are insurance against a slowdown in corporate will find themselves vindicated. Only this month Beachcroft, Bevan Brittan and Eversheds won places on the biggest public sector panel in Welsh history, the latter also demonstrating its commitment to public law by snapping up an entire firm of parliamentary agents, Rees & Freres.
In a Special Report on www.thelawyer.com Eversheds partners tell of the resurgence of private bills as local authorities' new way of making regulatory change.
Field Fisher Waterhouse, meanwhile, warns that, despite the recent missing data debacles, public sector bodies are still dangerously exposed. And in the following report John Bowers QC confronts the spectre haunting the sector - equal pay.