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  • The Ascent of Money
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Cluster Map

Tuesday, September 30, 2008

What's New?

Honestly doesn't it drive you mental when people ask that ? My life is not one unending search for novelty thank you all the same.

Actually what is new is pretty scary. The "financial crisis " can seem distant and esoteric but to put some personal spin on it. If the American insurance company AIG had not been propped up by the US government and had folded, more than half of the solicitors practices in the UK would have had to close their doors over night. At least while they found themselves new professional indemnity insurance. AIG is the biggest provider of PI insurance - which is of course compulsory and without which necessary evil no solicitor can work. Fortunatley for now - until they turn out to be the next victim - I'm with Zurich!

Lots of litigation is also funded by after the event insurance - a client of mine has just concluded a deal on a case which was so funded. And this afternoon (3 weeks after it was promised ) we have had to have the "where is the fucking money?" telephone call.

Unsurprisingly I'm not lifting a pen without being paid on account!

1 comment:

Tickersoid said...

Soon be time to buy shares in everything.

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A blog about being middle aged, in England in 2013