How the credit crisis is impacting UK law firms

As I read our free twice-daily report on the financial crisis (Eye On The Storm) this morning I was interested in a UK publications view that the crisis is impacting law firms in a way I would not have expected.My local observation of the silicon valley law firms is that they are busier than ever. We use WSGR and the partners who are my friends are slammed, travelling all the time, all over the world, and consumed with M&A, litigation etc - the usual work of a big law firm.But [...]