Ambiguous Allegiances in the Lawyer-Client Relationship: The Case of Bankers and Lawyers
University of Westminster; University of Miami - School of Law
June 4, 2009
(Revised May 2009) The relationship between law firms and banks has a long history. Bankers and lawyers constantly work together on transactions so that their relationships are deep and enduring. Through the use of ethnography and interviews this paper examines this relationship and that of the lawyer and client. Because of the unusually tight relationship between bankers and lawyers, the lawyer-client relationship needs to be reconstituted. It is not possible to perceive it as merely a dyadic relationship; it is now multi-polar. Even though clients may be sophisticated repeat players, clients are caught up in a relationship where they will always be secondary to the primary relationship of banker and lawyer.
Number of Pages in PDF File: 51
Keywords: lawyer-client, banks, lawyers, transactions
JEL Classification: J44Accepted Paper Series
Date posted: February 15, 2007 ; Last revised: June 5, 2009
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