The stock market and some of the respected commentators think the recession is over. Others, including the Bank of England, are not so sure.
You could be forgiven for being confused!!
Recession means different things to different people and businesses are affected in different ways. Interest rates are at an historic low and may remain at this level for some months, possibly years. Some lawyers believe the good times are just around the corner. They point to increased M&A and restructuring activity and some City lawyers point to an increase in litigation instructions. Others admit that life has by no means returned to normal (pre Lehman Brothers/Northern Rock etc). Some areas of activity are at a very low ebb. Unemployment is rising and I do not expect the recession to be truly over until businesses are hiring again and law firms stop deferring training contracts and making lawyers redundant. It is noticeable that some firms are having more than one bite at that particular cherry.
As the English cricket season draws to a disappointing close, with the Aussies hammering England in the One Day Internationals and taking some (but certainly not all) of the gloss off winning the Ashes, I found I had nothing better to do but to turn my mind to the CPR! (For the non lawyers among you, the 
Asked in the 1970s what he thought about the effects of the French Revolution, Chinese Premier at the time 
As autumn approaches and the dawn chorus starts at a time more closely associated with my normal waking up time, I am still waiting to hear of litigation involving a tweet. 
The reason is the timely conjunction of market need, technical capacity and tumbling costs.
The pictures at the top of the article showing a grim faced Dick Fuld, former Chief Executive, and one of the workers who lost her job that fateful day almost one year ago brought home what a momentous event the collapse of such a major investment bank actually was. The banks in the UK were deemed to be too big to fail and have been bailed out with huge amounts of taxpayers’ money but Lehman Brothers went under owing an eye watering $613 billion.
It contains the tomb of Katharine of Aragon. Katharine was the youngest surviving child of the Catholic Monarchs, Ferdinand of Aragon and Isabella of Castile, who unified and created modern Spain in the 15th century. She married firstly Arthur, Prince of Wales, eldest son of King Henry VII, and when he died young she married his brother and became the first of the six wives of Henry VIII. Henry ultimately rejected her when he became infatuated with Anne Boleyn…