Chris Carroll, senior international counsel, Travers Smith: Predicting the future is always a challenge and in the legal world predictions about the future have often been pretty inaccurate over the years. I can think of two random examples where predictions have not come true.

The first took place in the first partner’s meeting I ever attended in 1986 when we had a presentation from what could then be broadly described as consultants. They advised us, and there were only about 18 partners then, that if we didn’t merge within two years we would die. Now it may be that they turn out to be right in the end, but in the end we’ll all be dead, as they say.