Commentary: Banking regulation work emerges as the new private equity
Has there ever been a better time be a specialist in financial services regulation? For years, such lawyers toiled away little-noticed within a dozen or so major commercial firms, prospering in sizeable numbers in Allen & Overy (A&O), Clifford Chance (CC) and CMS Cameron McKenna. But despite the creation of the Financial Services Authority (FSA) a decade ago, this group was hardly the most visible or loved of its breed, despite in recent years enjoying some of the highest charge-out rates in the City.
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