The crisis among financial institutions has created a dearth of groundbreaking and unique work for banking and finance lawyers, much of it coming from the regulators.
Banking & finance
The crisis among financial institutions has created a dearth of groundbreaking and unique work for banking and finance lawyers, much of it coming from the regulators.
The first article in this Banking & Finance Special Report focuses on reforms instituted by the Treasury, the Financial Services Authority (FSA) and the Bank of England that have been designed to stabilise the country’s economy.
The second article takes a retrospective look at loan deals of the past four years in light of the current restructuring turmoil, including the importance of watertight documentation.
The third article in the report looks at the controversial world of short-selling and the FSA’s reaction to the practice post-credit crunch, all from a lawyer’s perspective.
Shipping
In some parts of the world the seas have become almost too dangerous to sail due to the threat of piracy.
This Shipping Special Report examines this problem and how it affects the work of maritime lawyers, who find themselves in uncharted territory with many of the issues now raised by this growing act of criminality.
Click the underlined reports above to read them.
A Silver Lining
At a time when there are unprecedented redundancies in the legal sector, and a general inertia in earnings, hope springs eternal for those law firms who have grasped the nettle and entered new markets.
The financial mis-selling market is estimated to be worth around £80bn with the legal fee share being approximately 25%.
Silver Lining
I think many law firms may be interested in this area and I would strongly recommend having a look at David Wilby QC’s opinion for Loancheck.