Banking and Finance Regulatory Law

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mrosmith
Posts: 97
Joined: Sun Feb 21, 2010 6:58 pm

Banking and Finance Regulatory Law

Postby mrosmith » Sun Oct 14, 2012 10:01 pm

Are firms scrambling to form consumer finance teams or is it just me?

Anonymous User
Posts: 273498
Joined: Tue Aug 11, 2009 9:32 am

Re: Banking and Finance Regulatory Law

Postby Anonymous User » Sun Oct 14, 2012 10:02 pm

I'd be very grateful if you could list some firms who are expanding in this area -- I didn't realize there was such a need.

mrosmith
Posts: 97
Joined: Sun Feb 21, 2010 6:58 pm

Re: Banking and Finance Regulatory Law

Postby mrosmith » Sun Oct 14, 2012 10:11 pm

Here let me send you this spreadsheet I've been working on for days.

LawIdiot86
Posts: 1159
Joined: Tue Nov 15, 2011 5:21 pm

Re: Banking and Finance Regulatory Law

Postby LawIdiot86 » Sun Oct 14, 2012 10:34 pm

It's just you. V100-type firms aren't expanding into consumer finance because most of that sector won't pay biglaw rates. Further, I was talking to an MP of a large consumer finance firm last month and the hiring partner of a different consumer finance firm last year and they said their growth is done. They hired up for the litigation from the crisis and advisory part of Dodd-Frank and now they're just riding the tail out with their existing workforce. One firm said it hired 29 lawyers in the last 18 months and expects to hire 10 total in the next five years.

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FattyMcFatFat
Posts: 229
Joined: Sun Oct 10, 2010 6:16 pm

Re: Banking and Finance Regulatory Law

Postby FattyMcFatFat » Sun Oct 14, 2012 10:43 pm

mrosmith wrote:Here let me send you this spreadsheet I've been working on for days.


No TLS post has ever made me laugh this hard.




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