It is 2010. Your law degree is under your belt. You have done all the right things and have now started your training contract at a good commercial law firm. Photocopying is a drag but, onwards and upwards, and one day you too might join the million-a-year-club. Or will you?

“Law is not the game it was,” say senior associates. “In my day, you could get a cut-price cup of tea in the Law Society reading room, with full access to Archbolds and Blackstones. And we did not have to put up with all that regulation stuff.”