Until recently a career in-house seemed to promise great rewards and job security for lawyers. Leigh Jackson finds that such expectations are a thing of the past

For lawyers working in banking, the bad news just keeps coming. Ever since the credit crunch gripped the financial services sector in August 2007 it has been a worrying time for anyone in finance, but there is now no doubt that the dramatic escalation of the crisis facing the industry, thanks to the collapse of Lehman Brothers in September, has raised the stakes considerably.

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