Stars at the Bar: Long lunches are out
Every cloud has a silver lining. The current financial crisis is already bringing in more work for the commercial Bar - and this increase is set to continue. Past performance is no certain guide to the future, but it is one of the only yardsticks we have. So what trends are apparent from earlier financial crises? In 1973 the Barber boom came to an abrupt end, resulting in the failure of secondary banks and provoking fears for the entire British banking system. The recession that followed produced a large amount of commercial litigation - many of the cases that were generated by economic events in 1973-74 continued through until the 1980s.
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