With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports
By any standards, $23bn is a lot of money. It’s a bit more than the gross domestic product of Uganda, Cyprus or Estonia. Closer to home, it’s enough to buy either BskyB or Centrica outright, or by another measure, the UK Government’s annual spend on industry, agriculture and employment.
