City firms’ penchant for ever greater levels of specialisation should be cause for alarm, says former magic circle trainee Dominic Webb
Large commercial firms are rammed full of specialists. Ask them an intellectual property question and you will be introduced to lawyers who deal only with IP. Instruct them on a banking matter and they will not only use a team of banking lawyers, but probably a team of lawyers who deal solely in the very specific type of financial instrument that you wish to use.
