Editor's Comment: Banking on who?
Well, it had a good run, but the multi-strand finance model developed by City law firms over the last 20 years is surely in need of a revision now the industry it serves is set for such seismic change. But judged by this week's analysis, there still seems to be some denial. Yes, there is much talk of flexibility and retraining. We can also expect some strategic rebranding. Leveraged finance partners will surely soon be restyling themselves as the more neutral-sounding acquisition finance. Or how about growth finance? But it is hard to escape the feeling this is a bit superficial.
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