Freshfields insolvency head Ken Baird reflects on naval dreams and winding up two banks in a week

What’s the closest you have come to doing something other than law? Until the age of 30, I only ever wanted to be in the Royal Navy (a bad back kept me out). I spent a few years in the Naval Reserves and was on standby to go to the Gulf in 1990. The partner who I was working for said: “You can’t go…we’re too busy.” I had to explain that that’s not how things work in the forces – you go to war or you go to jail! The end of the Cold War was bad for reservists – I became a victim of defence cuts in 1993.