Though the end of the online gaming boom has long been predicted, advisers in the sector will surely have spent recent nights worrying about the fallout hitting them in some way.
With Hammonds’ £142m dispute with the Football League still fresh in many minds, firms that set out their stall in this risky area will know how damaging even a failed claim can be. Understandably, some firms appear to be now trying to sell the line that they had ‘decided’ to avoid gaming all along; claims which usually refer to banking clients heading for the hills, not strict ethical standards from law firms. Forget the revisionist puff, there wasn’t a single major City practice that intentionally avoided the gaming sector.
