Partners say practice of charging higher rates for banks' corporate clients is widespread
February 25, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Top City law firms are agreeing sweetheart deals with banks that see institutional clients getting discounted hourly rates while legal bills passed on to corporates are drawn up on higher rates, Legal Week has learned.
Senior lawyers have confirmed that large London firms are increasingly pitching different rates to banking clients on the basis of who is picking up the bill.
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