Litigation
It is a complex world. Globalisation, increasingly interconnected economies, decades of tougher regulation and, yes, frenetic levels of law making across the world mean that getting business right is harder than ever and not all the proliferating risks can be managed.
All perfect conditions for litigators, which is why much of the post-banking crisis boom in legal services has been driven by demand for contentious law, rather than the transactional work that used to underwrite the high-end legal market.Unsurprisingly, in-house teams have in turn built up their own litigation, regulatory and compliance capability. Heavily-regulated industries, consumer-facing companies and financial institutions lead the way. Major banks can field in-house litigation teams of between 15 and 40 people in the UK, and are widely considered the most sophisticated.
