Lawyers at Deutsche Bank and Morgan Stanley are bowing to the pressure of the credit crunch with legal roles being cut in both banks' UK mortgage and property divisions. Deutsche has trimmed its commercial real estate division, confirming that at least one legal position in the team has been cut. Some in the market suggest that as many as five people could leave the team.
February 21, 2008 at 12:59 AM
1 minute read
The original version of this story was published on Legalweek
Lawyers at Deutsche Bank and Morgan Stanley are bowing to the pressure of the credit crunch with legal roles being cut in both banks’ UK mortgage and property divisions.
Deutsche has trimmed its commercial real estate division, confirming that at least one legal position in the team has been cut. Some in the market suggest that as many as five people could leave the team.
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