Law: Lawyers Can Be the Good Guys, Too ; Last Summer, the Independent and the College of Law Invited Law Students to Write on the Subject: `Is There a Role for the Ethical Lawyer?' Simon Dartford Believes That, with Notable Exceptions, There Is
Dartford, Simon, The Independent (London, England)
COMMENTING ON the Teapot Dome scandal, a young Richard Nixon said: "When I grow up, I want to be an honest lawyer so that things like that can't happen." In fact, Watergate demonstrated that lawyers could do good things. The spectacle became a television phenomenon in which the special prosecutors were the good guys who pursued the corrupt president.
In recent years, however, the public's perception of the legal profession has diminished on both sides of the Atlantic. In 1998, 31,672 members of the public complained about their solicitors. Backbench MPs frequently push for regulatory changes and increased competition. It would not be entirely unfair to use the adjectives greedy, pompous, corrupt, sexist, snobbish and incompetent in depicting at least some elements of the profession.
Added to these problems is the background of globalisation. The march of the Big Five accountancy firms is symbolic. The professional services conglomerates now offer services in practically every sphere of commercial advice. Pure audit, the staple 10 years ago, is perceived as a loss leader, a means to devour more lucrative prizes. The one-stop shops offer tax, management consultancy, IT, corporate finance, and increasingly legal products in a quest to dominate the global professional services marketplace. Globalisation is rapidly seeing the turreted fences around fragmented national markets dismantled in favour of the fierce arena of a seamless global market, in which massive corporations compete for dominance. Unlike the other issues facing the profession, like legal aid and regulation, it is something that cannot be affected by lobbying national government. There is no reason why the legal, or indeed any, industry should escape the fate that has befallen many others already.
What exactly does this mean? All that is certain is that the stakes are enormous. At the top end of the market the fees earned by accountants, investment bankers and lawyers advising on mergers and acquisitions are at record levels. The fees for professional advice on a $100bn- plus acquisition, for instance, may run into many hundreds of millions. Mammoth companies spend more than small change on legal advice each year. When government investigators attempt to break them up for abusing their monopolies, they spend even more.
Similar principles permeate the high street. But here, many traditional lawyers' tasks seem to be threatened with extinction. The lifting of the monopoly on conveyance has led to cut-price specialists offering services at around half the cost of those offered by solicitors. In a world economy where competition reigns supreme, how is the lawyer to meet the challenge thrown down by the bean-counters and other interlopers? Where is the boundary between professionalism and business? Is there a boundary at all? Is there a role for the ethical lawyer? Will commercial pressures aggravate the problems?
In the City, in particular, pressures to perform in an already crowded marketplace have been enhanced by the arrival of more American firms. The Americans work longer hours, pay higher wages, and despite the view shared by some that they are only here to satisfy the chauvinistic tendencies of some of the US multinationals resident in London, are after a much bigger slice of the international pie. …