Banking Clients No Longer 'Jewel in the Crown' For Law Firms, Partners Say - Law.com

What You Need to Know

• The legal spend of large banking clients has shifted away from transactional work towards regulatory matters.
• Banks are increasingly unable to choose their own legal adviser on corporate deals, meaning panel firms can miss out.
• Banking legal panels are so large that many partners fear their firm will not be 'sufficiently incentivised' on one.

source: https://www.law.com/international-edition/2022/01/17/banking-clients-no-longer-jewel-in-the-crown-for-law-firms-partners-say/

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