Bingham McCutchen is positioning itself to take on financial institutions in court as growing ranks of firms on both sides of the Atlantic prepare for increasing amounts of bank-on-bank litigation in the wake of the credit crunch.
The US firm, a specialist in bondholder litigation, has loosened its procedures for acting against financial institutions to make it easier to take on such cases, while leading UK finance firm Allen & Overy (A&O) has said it would litigate against a bank in limited circumstances.
