Carillion, one of Britain's largest construction companies, which has a number of high-profile public sector contracts and employs around 20,000 people in Britain alone, is set for liquidation, putting jobs and pensions at risk. The company manages over 50,000 homes for military personnel, provides 218 schools' meal services, maintains 50 prisons, provides 11.500 in-patient hospital beds and also has £1.4 billion in joint venture on the HS2 contract. The implications are tremendous. Below Lawyer Monthly has some expert commentary, both in terms of pensions, market disruption and how contracts may now swap hands.