Bank of America Request for Legal Fee Credit Raises Ethical Questions
The Bank of America Corporation is asking certain of its select outside law firms to give it a credit on its annual legal fees, based on the amount of customer business sent to the law firms. Some experts say that practice is highly unusual and ethically suspect.
By Sue Reisinger|October 11, 2012
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
In the Goulston & Storrs 2017 General Counsel Survey, fifteen percent of GCs or in-house counsel say they have the most difficulty identifying exposures, and this emerging risk is reshaping their role.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters.
Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss.
Tailored just for you. In your inbox. Every day.