Bloomberg Law
March 22, 2017, 7:54 PM

Is Deutsche Bank’s Refusal to Pay Junior Lawyers Misguided?

Casey Sullivan

Talk of the morning came out of the U.K., when Legal Week reported that Deutsche Bank will stop paying its outside law firms for work performed by newly qualified lawyers and trainees.

“The decision, which will apply to firms appointed as a result of Deutsche’s current panel review, represents a first major move by a bank on this side of the Atlantic not to pay for junior lawyers, a practice seen in the United States since the Great Recession,” reported Anne Ward and Alex Barry.

General counsels have long bemoaned paying for work performed by first-year associates at law firms. ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.