Briefing encounters

Banks have become more sophisticated in the way they choose their law firms. But have they got it right yet? By Christopher Stoakes.

This is the time of year when banks begin to think about switching the law firms they instruct. The transaction-intensive months up to the year-end are over, so the need to maintain relationships with favoured firms recedes. At the same time, those intense months may have revealed shortcomings in the law firms a bank uses. Now is the time to review the selection procedure, with a view to putting a revised panel in place before the summer.

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