Time was when every big-shot City lawyer was recognisable from his Old Etonian tie and trouser creases sharp enough to slit an investment banker’s throat.

It is, however, a sad sign of the country’s slipping moral standards that the dress-down culture has since infected even the upper echelons of the legal establishment. The UK’s trendier advisers and in-house counsel are now increasingly swapping Armani for a rakish chinos-andchequered-shirt combo. After all, less money spent on suits means more to splash out on fair-trade skinny lattes and eco-friendly MP3 players.