Where have all the hours gone?

The song – or lawyers’ lament perhaps – about the gap between the anticipated rush of litigation and the reality of what actually seems to be happening, might go something like this..

  Where have all the hours gone?
Long time passing
Where has all the litigation gone?
Long time ago
Where have all the cases gone?
The big 4 picked them every one
Will lawyers ever learn?
When will they ever learn?

Listening to Stephen Fry on the radio the other day  talking about the Y2K phenomenon ['In the Beginning  Was the Nerd' broadcast 3rd/5th October, 2009] brought back old memories. Firms were fascinated by the forebodings expressed by experts that on the stroke of midnight on 31st December 1999 all computer systems would crash as there was no facility to deal with dates after the end of 1999. It was said that nothing we had come to rely on would work on New Year’s Day 2000 and that that was nothing to do with monumental millennium hangovers.

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Down among the green shoots

Green shoots?  But will they be trampled by the elephant in the room?

In her recent article (Positive thoughts, The Lawyer, 26th August 2009) Katy Dowell quotes the claim by Patrick Sherrington, global head of litigation at Lovells, that London is a “good place to hear cases” and his view that the Government (by asking Lord Justice Jackson to review litigation costs) has misrepresented the British commercial justice system as being an expensive place to litigate.

Sherrington asks, “Why should we say it’s expensive? It’s shooting ourselves in the foot.”

Economists may disagree whether the economy is set to recover and whether the recovery will be W shaped, V shaped or any other shape, but I have noted before [The race is on, 25th August] that there appears to be an upturn in the amount of litigation work in the City…

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The race is on

Usain Bolt’s electrifying run in Berlin last weekend which resulted in a new world record of 9.58 seconds for the 100m set the press speculating on how low he could take the world record.

Recent events in the global economy have led to a very different run for lawyers. Judging by the gloomy stories coming out of all sections of the legal market, you could be forgiven for wondering how low matters can go! 

Stories abound of redundancies, falling profits, part time working, enforced sabbaticals, deferred training contracts and even advice from the Law Society to students not to go into the law. 

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