A September to remember: lawyers in the eye of the storm look back on the fall of Lehman
Ten years on from the collapse of Lehman, partners from firms including Linklaters, Freshfields and Sullivan recall what it was like to be on the front lines as the financial crisis unfolded
September 17, 2018 at 03:43 AM
11 minute read
"Do you remember?" ask Earth, Wind and Fire in their classic hit September. For anyone who was working in the City on the morning of Monday 15 September 2008, the answer is definitely yes.
At 7.54am – six minutes before the London market opened – Lehman Brothers International Europe (LBIE) and three other Lehman companies went into administration. The largest bankruptcy filing in history would precipitate the global financial crisis. For the lawyers involved, they do not just remember, the minutiae of events leading up to that moment are seared into their minds.
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