Archive for April, 2006

Lawyers, Banks and Brokers: Making a Property Derivates Market

Friday, April 28th, 2006 at 14:03

In my last post I raised the question of what lawyers do. On Wednesday this week I attended a seminar at Olswang, a law firm. The seminar was about property derivatives. Derivatives of all kinds have become the investment du jour for many companies and so banks and others are always looking for new, creative […]

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Lawyers Doing Nothing…Successfully

Tuesday, April 25th, 2006 at 11:28

What do lawyers do? It’s a question that still seeks answers. And if we are to understand how the legal world, the rule of law, even society function, we need to have some idea of how to describe and theorise lawyers’ activities. There are stock answers such as lawyers’ work involves drafting, counseling, litigating, but […]

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Goldman Sachs and the Failure of Trust

Saturday, April 22nd, 2006 at 14:06

Today the Financial Times reported that Rupert Murdoch’s British Sky Broadcasting had dropped Goldman Sachs as its corporate broker in favour of Merrill Lynch. BSkyB and Goldman had been together for at least 12 years, when Goldman assisted in the stock market flotation of Murdoch’s company. This relationship was cemented by John Thornton, former president […]

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Revisiting Barristers' Clerks

Friday, April 14th, 2006 at 11:46

My first-ever research project was a study of barristers’ clerks. More often than not, when one has finished a project, one moves on to something else. Well, over 20 years later I am back where I started. The Nuffield Foundation has just awarded me a grant to restudy barristers’ clerks, one of the most unusual […]

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Globalization of the Legal Profession Redux

Wednesday, April 12th, 2006 at 14:57

During the symposium on the Globalization of the Legal Profession, one simple exchange captured the core essence of the proceedings. An American attorney turned to another and said: “I wonder what the effect of Clementi will be?” The question wasn’t directed to any of the English participants, although it is a review of the English […]

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