The new year may be a time to start afresh, but the Libor scandal that dominated business headlines in the second half of 2012 is – for advisers – showing no signs of abating. At Clifford Chance (CC), the news that its client Royal Bank of Scotland (RBS) is in the final stages of a settlement with US and UK regulators over its alleged Libor role means the firm's regulatory lawyers will have had a busy start to 2013.
January 17, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
There is no shortage of Libor work for law firms, but the magic circle is losing out to US rivals, says Alex Newman
The new year may be a time to start afresh, but the Libor scandal that dominated business headlines in the second half of 2012 is – for advisers – showing no signs of abating.
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