JP Morgan launches panel review

The bank is demanding a cut in fees from existing law firms before they get to the next stage.

JP Morgan takes a stand on legal costs Pcruciatti

Law firms have been told that they must reduce fees by at least 2.5 per cent, according to The Lawyer. Stage two will involve face-to-face meetings. The bank joins other companies reveiwing their legal panels including HP and Metro Bank. Source: The Lawyer

Email your news and story ideas to: