The Royal Bank of Scotland (RBS) is poised to invite law firms to pitch for its UK panel review, which is likely to see cuts to law firms with a limited City presence.
November 09, 2014 at 07:11 PM
1 minute read
The original version of this story was published on Legalweek
The Royal Bank of Scotland (RBS) is poised to invite law firms to pitch for its UK panel review, which is likely to see cuts to law firms with a limited City presence.
According to a source close to the process, the review is likely to place “less onerous” demands on time and cost saving commitments than the last review in 2012, when the bank’s in-house team felt it extracted large cost savings from its advisers.
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