You can sense a certain frustration on the part of some City lawyers when those pesky Continental independents simply will not take the hint and allow themselves to be subsumed into one of the monolithic fee earning empires which base themselves in London’s gleaming commercial citadel.
One Spanish lawyer recently explained to The Diary why he was less than convinced of the sustainability of the business models of some expansionist firms, comparing them to the infamous pyramid schemes so beloved of gold-toothed ex-pats in the Costa del Sol.
