Are City lawyers actually capitalists? You’d assume so, given their background and working lives, but the casual observer might come to wonder reading some of the comments on legalweek.com in recent months as the global economy has moved from boom to bust.
There does seem to be at least a small minority that have developed deeply contradictory attitudes towards capitalism that celebrate free markets when they deliver what they want, but have a pronounced capacity to ignore messages the market is sending when it is something that they don’t want to hear.
