Deutsche Bank to refuse to pay for trainees and NQ lawyers after panel overhaul

Bank's panel firms to miss out on fees for junior lawyers as US fee practice crosses Atlantic

deutsche-bank-sign

Deutsche Bank is to stop paying panel law firms for work carried out by newly qualified (NQ) lawyers and trainees, Legal Week can reveal.

The decision, which will apply to firms appointed as a result of Deutsche’s current panel review, represents a first major move by a bank on this side of the Atlantic not to pay for junior lawyers, a practice known to be more commonplace in the US.

This premium content is reserved for
Legal Week Subscribers.

Subscribe today to get ALL ACCESS and 15% off!

A premium subscription gives you access to all articles and provides:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM’s unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week’s UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor’s Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site’s full archive of more than 56,000 articles

Subscribe Now For All Access

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651