Finance heads at City law firms are aiming to avoid heavy restructuring of their practices despite the credit squeeze promising to put several key product lines under sustained pressure. Speaking in the wake of a series of state interventions and bank rescues that could usher in radical change to the banking industry, most City finance partners told Legal Week they could manage their teams by moving lawyers within the groups.Finance heads are aiming to transfer lawyers from hard-hit practices in leveraged finance and securitisation to handle predicted rises in bankruptcy work as the economy slows.
October 23, 2008 at 01:53 AM
1 minute read
The original version of this story was published on Legalweek
Finance heads at City law firms are aiming to avoid heavy restructuring of their practices despite the credit squeeze promising to put several key product lines under sustained pressure.
Speaking in the wake of a series of state interventions and bank rescues that could usher in radical change to the banking industry, most City finance partners told Legal Week they could manage their teams by moving lawyers within the groups.
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