Serious fraud trials have a habit of garnering headlines for all the wrong reasons. Rarely, it seems, is a case brought that yields an array of convictions, obtained expeditiously, at low cost and to public acclaim. Instead, the word most readily associated with a serious fraud trial is, regrettably, collapse.

If not endless, the list of failed white-collar crime cases is certainly long enough to give cause, not merely to disquiet, but, latterly, to serious moves for a radical overhaul that could even see our cherished tradition of trial by jury abolished for certain fraud trials.