The Old Testament is full of detailed rules and regulations for how human matters should be transacted. From the get-go, the powers that be recognized that we human beings can't be trusted. Thanks to that, over the centuries lawyers have made a good living.
So, it shouldn't be any surprise that the ChicagoBooth/Kellogg School study, reports POLITICO, found that only 21% surveyed trust the financial system. Frankly, we might be shocked that it's that high post-LIBOR scandal.
Low trust is always good news for lawyers. Clients will be fee-blind to ensure supposedly bullet-proof contracts. Both B2B and B2C law practices will thrive, if they leverage every reason not to trust.