December 2005/January 2006 Issue 160
 

Cover

COVER STORY: Your worst nightmare

In a special investigation, LB reveals what happens when things go wrong

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LEGAL BUSINESS APPOINTMENTS
The ultimate partner moves, plus our special Job of the Month section

THE LEADER Pritchard
BCCI's climbdown was a load of Pollock's

THE BUSINESS
James Baxter reports from New York, plus exclusive news and the best market analysis

THE FORUM The hubris before the fall?
Partha Bose of Partha Bose & Company says the key to staying one step ahead of the competition is innovation

article illustrationUK BUSINESS LAW 2006 REVIEW
To launch Legal Business's new national focus, we take a look at the highest achievers from the UK's four 'super regions'

CEDR MEDIATION PROFILE Mackie does the maths
The Centre for Effective Dispute Resolution is coming under fire, with allegations of a lack of financial transparency, writes Matthew Rushton

article illustrationON-LINE GAMBLING High stakes
The boom in on-line gambling is offering law firms a risky chance to make big money, but will they take it? James Baxter looks at one of the biggest deals of 2005 - the PartyGaming floatation

COVER STORY: Your worst nightmare
An unprecedented number of lawyers are hitting the headlines for ending up in court themselves. As authorities tighten up regulations, Claire Smith investigates the key cases and reveals what to do if the unthinkable happens

article illustrationITALY'S LEGAL MARKET 2006 The grand tour
While financial scandals continue to dog the Italian market in the wake of Parmalat, its top firms have nevertheless still managed to impress internationally, writes Camilla Sutton

THE CHRISTMAS QUIZ
Sex, lies and BlackBerrys: LB's festive tales of lawyer misdemeanors

 

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editor portraitAfter being invisible for so long, the eight-year prison sentence imposed last month on ex-Lawrence Graham partner Michael Fielding suddenly made him all-too ubiquitous. As pictures of him skulking outside Southwark Crown Court were beamed throughout the world's media, he became for an instant the most public face of shame and wrongdoing among the ranks of the legal profession. Having absconded to Miami for a few years after realising the game was up (having stolen several millions of pounds from clients), few will have sympathy for him. Not least Lawrence Graham, which, commendably, has gone from strength to strength in his absence. (Lesser accusations have ruined other professional services organisations.)

Here we take a closer look at some of the thorny cases and examples of lawyers who have been accused of letting down society. Understandably, from a collective group of 100,000 or so, the legal profession will always throw up its statistical strata of maladroits, thieves - even the odd murder accusation. It will also accuse innocent practitioners, who may or may not be exonerated. Despite them being no different from the society in which we operate, it must be accepted that the pressures mounting on equity partners to perform are not subsiding: not least if you're falling behind. Depression, debt and greed are the normal motivators.

Those who've been caught evidence a system working well. Something for Fielding to reflect on, no doubt.

Tom Freeman, Editor