Banks are offering less transactional work and increasingly being dictated to on which law firms to use, meaning banking panels no longer offer the same riches for law firms.
January 17, 2022 at 06:27 AM
9 minute read
Senior Reporter
The original version of this story was published on Law.com International
Once upon a time, banks were considered the gold standard clients for any law firm – and the most valuable. There was also a certain kudos to being able to say you were on the panel for the likes of Credit Suisse, Deutsche Bank or JP Morgan.
“[Banks] were the jewels in the crown, we would compete to be on their panels”, according to a senior finance partner at a U.K. firm.
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