Two years after Barclays Capital bought the rump of Lehman Brothers’ North American assets for $1.75 billion, the British investment bank has started a review of its outside counsel roster in the U.S., according to U.K. publication Legal Week.
The review, which is the first by Barclays since that September 2008 deal, is part of a plan to reduce the number of external legal advisers used by the London-based bank. Legal Week reports that Michael Crowl, managing director and general counsel for the Americas at Barclays Capital, is leading the review.
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