Barclays calls lawyers in for cost-cutting summit

  • Print
  • Comments (7)

Readers' comments (7)

  • Methinks the cash cows are awakening. Cue widespread panic amongst banking teams as they realise their trigger-happy time recording practices will have to be curtailed.

    Unsuitable or offensive? Report this comment

  • Me also thinks Jamie is correct in the sense every unit of time needs to be justified, if units are actually allowed in the new regime. Fixed fees could well be the new model !

    Unsuitable or offensive? Report this comment

  • A no-brainer.

    Barclay's Harvest (see link below) lists all the panel members. It's an absurdly long list. Firms from different ends of the spectrum (eg Slaughter & May and Dixon Dees) are listed together. They may as well have just put up a list and asked anyone to add their name if they are interested.

    Unsuitable or offensive? Report this comment

  • Why have 150 law firms on a panel?

    Unsuitable or offensive? Report this comment

  • I hope they deliver the news in the style of Ant & Dec.

    Unsuitable or offensive? Report this comment

  • A grotesquely bloated and baroque panel clearly put together with no concern for value for money.

    And much of this work could be done by national firms for a fraction of the price.

    Also agree with above comments that fixed-fee arrangements are long over due.

    Unsuitable or offensive? Report this comment

  • Seperate but related stories on thelawyer.com this week about alternative delivery models for Clients including more fixed fee work will no doubt be of interest to Barclays & others

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (7)