"Desperate wives turn to divorce experts" says the headline to this report in the Financial Times today. Apparently, slumping city bonuses due to the credit crunch are driving wives of city high earners to take legal advice upon how to protect their own interests. The findings come from research commissioned by Mishcon de Reya partner Sandra Davis, which indicates that a fifth of all city high earners know a colleague who has been served with divorce proceedings since the downturn started. One in ten are worried that their spouse may be taking legal advice, with most concern amongst those who have been married between three and seven years (Ms Davis speculates that "either the honeymoon period lasts for up to three years or new wives have had less time to get used to the high life").
If all of this seems terribly mercenary on the part of city wives, their husbands are no better, with nearly 40% admitting that, in any event, they don't give any of their annual bonuses to their wives.