Subprime litigators set sights on the UK
LONDON - The subprime crisis has resulted in an explosion of related litigation in the US, which is beginning to permeate the London market. A number of UK-based law firms are reporting an increase in litigation enquiries, mainly from disgruntled institutional investors. However, as most international law firms' income comes from corporate and transactional work, litigation teams are wary of taking instructions to act against potential corporate finance clients, and many are referring cases to
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