Bankers in need swamp British lawyers

Prominent attorneys specializing in white-collar crime in London say they have gotten an influx of clients from the city’s financial sector in recent months, Bloomberg reports.

Read: Libor to stay under London’s control

The upswing in those seeking their counsel comes as the investigation into how operatives at banks fixed the London interbank offered rate (LIBOR) grows to include currency, precious metals benchmark and derivative manipulation.

There are about six law firms in London that focus on financial and regulatory matters. Most represent entire financial institutions, says Bloomberg.

With the increase in individuals looking for help, some firms have had to turn people away.

Read more here.

Also read:

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Barclays fights $470 million fine

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.