“Where will it all end?” questions have sounded either rhetorical or ruthlessly pragmatic, as people consider the inexorable rise in lawyers’ salaries.

Though some firms have chosen not to compete on these terms (and/or have realised they really can’t) others daren’t throw in the towel in this financial slugfest. Usually, this kind of increase in firms’ costs has only one outlet: through their client charges. And that is where most of the pragmatists have seen “it all ending” – without actually giving much detail.