Abstract

As the legal profession braces itself for a torrent of credit-crunch inspired fraud cases, pressure is mounting for an end to the conspiracy of silence over electronically-stored information. Be counselled: when the tide of 'credit-crunch' lawsuits washes up on the shores of the UK's legal system, it will shake the profession to its pink- ribboned foundations. The evidence abounds, and the jury is very definitely in: in the UK, former Lord Chancellor Lord Falconer predicts that there is going to be litigation on a scale that we have not seen before. Already, a helpline set up by the UK's Serious Fraud Office (SFO) reports hundreds of instances of City of London fraud coming in by phone and by email.

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