Deutsche Bank Won’t Pay For Work By Junior Attorneys

Deutsche Bank has informed law firms in the U.K. that it will no longer pay for work done by junior attorneys, marking the first time a major bank in the U.K. or Europe has instituted that policy, which is more common in the U.S. The terms appear to have caught the law firms off guard. “It has annoyed a lot of people,” one law firm partner told Legal Week. “The process has been more aggressive.” Another law firm partner said, “I have heard about this at other banks – usually in the U.S. but never in Europe.”