But now, it seems, the law has spoken – and the liquid lunch is banned by statute.
Former London-based Glencore trader Andrew Kearns recently lost a wrongful dismissal claim against the commodities firm.
He argued that going out with clients and counterparties for drinking sessions was all part of the job. Judge Richard Seymour ruled that his claim was “ludicrous”.
The ruling came at an unfortunate time: in December, just as many City bankers were planning to make an exception to the rule.
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