As Deutsche Bank baulks at paying for junior lawyers, is a tough line on ‘paying for training’ making its way across the Atlantic?
Even for City lawyers used to increasingly heavy-handed tactics in panel reviews from banking groups, it proved something of a shock. News earlier this year that Deutsche Bank had notified pitching firms of its unwillingness to pay for trainees and newly-qualified lawyers during its last adviser review sent a jolt through the UK legal market.
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