It’s an ill wind…

I was a bit puzzled at first by the headline to this Times piece: a lawyer would be the last person I’d ask to guess the economic fallout from the credit crunch. But litigation is the fallout they mean. No doubt there will be lots of that against banks and hedge funds, litigation of the Sue, Grabbit & Runn kind that makes you sorry someone has to win. If, as a City partner is quoted,

You look at some of these deals and think, ‘Why would you have agreed to that?’

then presumably some people will be suing their solicitors, too.