How ‘Big Law’ Makes Big Money | by Adam Tooze | The New York Review of Books
Lawyers are creative, and contracts are incomplete. They always fail to capture some unexpected feature of reality. So there is plenty of room both for innovation and for confusion and dispute. But that by itself is not enough to explain the recurrence of capitalist crises. For that we need to add a further dimension: how law facilitates the gigantic speculative dynamic of modern finance.