Citibank slims down panel

Those on a January diet, here’s a comforting thought – big businesses are also going through the arduous process of trimming down.

Citibank has been taking note. As revealed by The Lawyer in October, the banking giant has gone ahead with its plan to shed some pounds.

The bank has scrapped its two-tier advisory roster in favour of a reduced unified panel. The result? The list has been cut from 21 to 19.

Osborne Clarke is out, but it isn’t worried, saying that it has plenty of other clients. Those firms that maintained a spot can expect to see an uptick in work levels.

Less is more, as they say.

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