The history of inhouse legal: Difference between revisions

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	{{a\|work\|~~[[File:~~Legal eagle.jpg~~\|450px\|thumb\|center~~\|The origin of the species, yesterday.]]}}Once upon a time, there was hardly such a thing as an in-house legal department in a bank at all. There ''was'' one, but it was a sleepy area in the basement, rather like a library, populated by a handful of damp introverts who would quietly prepare board minutes and maintain the firm’s register of charges. Their idea of a business trip was an excursion to companies house to be rebuffed when trying to file a [[Slavenburg]].		{{a\|work\|{{image\|Legal eagle\|jpg\|The origin of the species, yesterday.}}}}Once upon a time, there was hardly such a thing as an in-house legal department in a bank at all. There ''was'' one, but it was a sleepy area in the basement, rather like a library, populated by a handful of damp introverts who would quietly prepare board minutes and maintain the firm’s register of charges. Their idea of a business trip was an excursion to companies house to be rebuffed when trying to file a [[Slavenburg]].

	Now, at the time, banks did big, clunking deals. These transactions — [[Merger\|mergers, acquisitions]], equity offerings, [[bond]] issues, syndicated [[Loan\|loans]] — were big, risky affairs, involving parties who weren’t well acquainted sending each other pots and pots of ''[[money]]'': not just millions, but ''tens'' or ''hundreds'' of millions or, every so often, ''billions''.		Now, at the time, banks did big, clunking deals. These transactions — [[Merger\|mergers, acquisitions]], equity offerings, [[bond]] issues, syndicated [[Loan\|loans]] — were big, risky affairs, involving parties who weren’t well acquainted sending each other pots and pots of ''[[money]]'': not just millions, but ''tens'' or ''hundreds'' of millions or, every so often, ''billions''.