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Nationwide slashes 43 firms from commercial lending panel

This is just a typical example of a lawyer trying to justify their existence. How does it take 3 months to make a list of panel firms? A day to write a list of 17 names might be considered a little over the top. No wonder lawyers get away with charging £500 per hour to fill in forms, write schedules and change the words in PLC precedents. Or is 'comprehensive review' jargon for 3 months of being wined and dined by all these firms just for the fun of it? It shows that these financial institutions are still happy to flush money down the loo. I hope Vince Cable reads this article and does something about it.

22-Oct-2010

2:42 pm