Specialist firms break with tradition to take on banks

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  • This is an excellent development for clients up against the Banks. At last there are some quality lawyers giving the banks a good kicking.

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  • It is easy for these firms to be jumping on a lucrative bandwagon, but what happens when the commercial market kickstarts again and those banking clients want them to act for them? It is shortsighted and would be better left to these flash in the pan boutiques

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  • It makes sense to be doing this, but even though these firms have a lesser 'conflicts shadow' than the Magic Cirle are they really going to get that much work out of it? Even if they're just doing low-level banking work they must be making some money out of that. Will they really want to risk that just to take on a litigation that could end up settling anyway? In any case, why would the banks instruct them when there are firms out there whose bread and butter is solely going against the banks,
    Interesting move but will it pay off?

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  • A firm like Stratega Law is unlikely to make Barclay's legal roster so what's to lose?

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  • or Involegal - born from the "night of the long knives" at Hugh James in Cardiff.
    Where oh where have those Partners all gone?

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  • Quinn Emmanuel = The Mike Tyson of the legal profession

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