It is said that the British justice system is especially bad at tackling financial crime and that it is easier to get away with fraud than any other type of offence. Will the intrusion of foreign regulators that are more robust than our own lead to a shift in how the UK approaches such crimes? Fraud can take place on a small scale (say credit card skimming) or an absolutely vast scale (when a rogue trader at an investment bank loses billions). This is a fascinating field of practice suited to those with a nose for forensic detail. Lawyers in private practice will almost certainly specialise in defence work, but the 'revolving door' to the regulatory community does enable a switch to prosecution work. Within a firm handling smaller fraud cases, there may be scope for advocacy.

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