After years of consolidation in the banking industry, there are fewer clients to go around. And borrowers who usually foot the legal bills are putting pressure on banks, which in turn demand flat-fee arrangements and lower rates from law firms. That's good news to banking boutiques like husband-and-wife-run Rehon & Roberts, but not to bigger firms. These days large firms tend to view their lending practices more as a complementary service to their higher billing areas rather than a revenue driver in itself.
October 23, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Husband and wife Peter Rehon and Lisa Roberts run a five-lawyer firm that routinely handles the lending on transactions worth up to $20 million for clients like Greater Bay Bank and Pinnacle Bank.
Working out of about 6,000 square feet of space, the two former Gray Cary attorneys nonetheless believe San Jose, Calif.-based Rehon & Roberts has the rates and expertise to take business that had historically gone to the region’s largest firms.
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