Abstract

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Ambiguous Allegiances in the Lawyer-Client Relationship: The Case of Bankers and Lawyers

John Flood
University of Westminster; School of Law

Abstract:
(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.

Keywords: lawyer-client, banks, lawyers, transactions

JEL Classifications: J44

Accepted Paper Series

Date posted: February 15, 2007 ; Last revised: June 05, 2009

Suggested Citation

Flood, John A., Ambiguous Allegiances in the Lawyer-Client Relationship: The Case of Bankers and Lawyers (June 04, 2009). Available at SSRN: http://ssrn.com/abstract=962725

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Contact Information

John A. Flood (Contact Author) University of Westminster ( email ) School of Law 4 Little Titchfield Street London, England W1W 7UW United Kingdom +44(0)780 170 5669 (Phone) +44(0)20 7911 5821 (Fax) HOME PAGE: http://www.johnflood.com
School of Law ( email ) University of Miami 1311 Miller Drive Coral Gables, FL 33146 United States 305 284 5443 (Phone) HOME PAGE: http://www.johnflood.com

Abstract

Date posted: February 15, 2007 ; Last revised: June 05, 2009

Suggested Citation

Contact Information

John A. Flood (Contact Author)