Job losses to drive divorce

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The prospect of widespread City job losses has seen a surge of bankers' trophy wives heading for the divorce courts, according to lawyers. With thousands of job losses announced and more rumoured to be on the way, divorce specialists say that some wives want to secure good divorce deals before their husbands lose their jobs. Consequently, divorce specialists have seen the number of inquiries treble.

There has been a 300 per cent rise in the number of inquiries about claiming partners' assets since rumours of redundancies in the City began, research by the law firm Pannone reveals.
But Miles Geffin, from Mishcon de Reya, added that financial motivation for divorce could also come from the working partner. He said: "Businessmen who lose their job often see it as an opportunity to head straight off to the divorce court before they find a new job – so alimony payments will be based on their unemployed status."

Read the full article on the Telegraph site...