French banking group latest to clamp down on legal costs; panel cut in half
March 05, 2003 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Societe Generale (SG) has finalised its new roster of legal advisers, slashing the number of firms used by the French investment bank from 25 to around 10.
The firms – which will be in line to gain a major slice of SG’s estimated annual £10m legal spend – were informed by e-mail last week as to whether they had been successful or not with all panel appointments effective until 2006.
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