Report this comment to a moderator

Virgin choose A&O for Northern Rock

A&O/Northern Rock I think it's probably ok if the Virgin consortium is not expecting continuing funding from the Bank of England. Obviously A&O would have had to get the consent of the Northern Rock GC to be able to advise Virgin. I don't think it's a question of law firms getting bolder on conflicts, I just think that in Northern Rock, and in the credit crunch generally, you're dealing with sophisticated banking clients who will happily give consent. They recognise that these kinds of deals are very complex.

15-Oct-2007

4:31 pm