U.K. regulatory lawyers advising clients on the financial crisis and scandals like those involving Bernard Madoff bill as much as 1,000 pounds $1,440 an hour-50 percent more than mergers-and-acquisition lawyers did during a takeover boom two years ago.
“It’s our time in the sun,” said Darren Fox, a regulatory lawyer who advises hedge funds at London-based Simmons & Simmons. “If you ask which departments are very busy and where clients’ worries are, it tends to be in the regulatory area.”
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