After three years in which a prolonged institutional slump has failed to deliver the expected work for the legal profession’s resident vultures, insolvency lawyers are finally sharpening their talons in anticipation of a busy 2006.

With the New Year hangovers barely fading, rumours are already rife that the British high street is to soon see a major bankruptcy after recent weeks that have seen Kookai, Unwins, MVC and Golden Wonder file for insolvency.