Turmoil in the financial sector is continuing to spread to in-house lawyers with a growing number of banks poised to make legal redundancies. JPMorgan has laid off several lawyers in London, while those working at Bank of America and Merrill Lynch were this week expecting to learn their fate. JPMorgan refused to comment on the losses but it is understood more than 10 London lawyers have been affected, from teams including structured products and derivatives.
January 29, 2009 at 12:58 AM
1 minute read
The original version of this story was published on Legalweek
Turmoil in the financial sector is continuing to spread to in-house lawyers with a growing number of banks poised to make legal redundancies.
JPMorgan has laid off several lawyers in London, while those working at Bank of America and Merrill Lynch were this week expecting to learn their fate. JPMorgan refused to comment on the losses but it is understood more than 10 London lawyers have been affected, from teams including structured products and derivatives.
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