Photo laugh

Do Latham & Watkins partners have a subscription to Heat magazine? The US firm’s annual Labor Day party has become the traditional start-of-term fixture for half the investment bankers in the City, to judge by the turnout.

Even more excitingly, the paparazzi had obviously got wind of the occasion. As the suits turned up at the National Gallery, the paps started to swarm. But Tulkinghorn has shattering news for the excited guests. All but one of the paparazzi were actually fake – which will be particularly bad news for one guest, who spent a good five minutes a-preening and a-posing on the red carpet.