Deutsche to ask law firms for rebates

Begum, Husnara
March 2005
Lawyer;3/14/2005, Vol. 19 Issue 10, p1
Trade Publication
This article reports that Deutsche Bank AG is looking at introducing a system of rebates in a bid to slash its external legal spend. Deutsche is considering various fee structures as part of a global review of its external legal advisers, with the rebate system currently emerging as the most popular. The bank also considered the introduction of a single global fee rate, but dismissed it for being too convoluted. If a rebate system is introduced, Deutsche will aim to give firms that secure places on the panel or the approved list instructions with a pre-agreed value.


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