With the property market in crisis, law firms’ real estate teams are suffering a wave of job cuts. Claire Ruckin and Alex Novarese ask if lawyers got swept up in the real estate boom
It is hard to imagine an industry that, on paper, is less exposed to asset price bubbles, the vagaries of financial markets or the risks of leverage. And yet, as a string of law firm redundancy announcements in recent weeks have made clear, law firms have been far from immune to the speculative bubble that built up since the mid-1990s in the UK property market.
