There is at least one law office that still has more transactional work than it can handle.Since October, lawyers at the Treasury Department's Office of General Counsel have completed $306bn (£214bn) worth of deal work stemming from the Troubled Assets Relief Program (TARP). In a few short months, they have closed 418 separate transactions with financial institutions receiving funding under TARP's capital purchase programme.The work marks an unprecedented transformation for the office, which traditionally focuses on supplying policy advice and interpreting law for Treasury's other divisions. Now, its lawyers say their responsibilities more closely resemble those of a corporate transactional law shop.
March 04, 2009 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
US Treasury lawyers have been more than busy of late, working on deals stemming from the Government’s Troubled Assets Relief Program. Marisa McQuilken reports
There is at least one law office that still has more transactional work than it can handle.
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