The Government is set to draft in outside lawyers to help speed up the passing of the Financial Services and Markets Bill.
The bill has been plagued with delays caused by a need to redraft much of the contents. Although originally expected to be enacted in Spring experts predict it will not now be ready until August at the earliest.
Ministers have admitted their own lawyers are unable to cope with the heavy workload of labour's legislative programme.
A spokesperson for the parliamentary counsel responsible said the work needed is so specialised it takes eight years to qualify and a recent recruitment advertisement in the legal press was “part of the normal recruiting process.”