Bank in-house teams wary of secondment culture
In-house lawyers working in banks have joined their private practice counterparts in voicing concerns about the growing numbers of secondees in financial institutions. Lawyers at a number of banks told Legal Week that the large number of secondees from panel law firms was structurally weakening in-house legal teams. There are particular concerns about procurement departments' understanding of in-house legal roles, with some suggesting that there is an assumption that all lawyers are the same whether they are in-house or private practice.
Senior lawyers at some banks concerned over pressure to rely on secondments as in-house budgets slashed
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