Law firm panel: Difference between revisions

{{a|work|}}{{quote|{{drop|“W|ithin a couple}} of millennia, bankers in many parts of the franchise were doing little from dawn to dusk other than taking care of legal advisors. It wasn’t easy. The lawyers demanded a lot. They didn’t like personal responsibility for anything, so the bankers broke their backs, forging them disclaimers and liability caps and waivers. They didn’t like being categorical, so the bankers suffered pages and pages of assumptions, conditions and qualifications. They didn’t like sharing their fees with other firms, so operations teams laboured long days under the scorching sun building impregnable barriers to entry which they called “panels” within which their delicate “captive” law firms could safely conjure up their intricate gossamer figurines without risk to their livelihoods.

The bankers were not evolved for this. They had long adapted to gouging sovereign wealth funds, ploughing customer deposits into casino banking and ripping faces from defenceless end-users: they was not designed to tamely agreeing terms of engagement and carrying water for high-paid dilettantes. Banker spines and brass necks paid the price.  

Moreover, their lawyers were so confusing and their work products so baffling that the bankers had to co-opt thousands of extra lawyers to work inside their businesses, who could keep the crops and fields of lawyers happy, throwing out fresh instructions on any matter across which they could contrive to cast doubt. This completely, and permanently, changed the bankers’ way of life.  

:—Noah Yuval Harari, ''Legio Cadabra: A Brief History of The Magic Circle''}}

{{drop|“T|he involvement of}} [[S&C]], which represents the FTX estate, has been controversial from the start. [[S&C]] lawyers had assisted the company in the chaotic days leading up to its bankruptcy filing — including preparing its petition and appointing Ray, a restructuring expert its lawyers knew well, as its new chief executive. A former S&C partner, Ryne Miller, was FTX US’s general counsel.”}}{{D|Law firm panel|lɔː fɜːm ˈpænᵊl|n|}}Proof that, far from being a seething pit of apex predation, the financial services industry is no more than an [[extended phenotype]] — a gruesome, metastasised [[spandrel]] illuminating the space between adjacent domes of legal excellence — that exists for the pleasure and enrichment of those saintly white-shoed attorneys who grace the serene frescoes overhead.