As law firms welcome this year’s summer associate classes, one major bank has told its outside counsel that it will no longer pay for the law students’ time.

The policy recently announced by Citigroup Inc. was included in guidelines provided to its outside counsel and goes into effect July 1. The new rule “reflects our commitment to prudently managing expenses,” Citi spokeswoman Shannon Bell said in a statement.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]