A Signature Bank branch in Brooklyn, New York, is seen on March 15, 2023. Photo: Angus Mordant/Bloomberg Signature Bank's Failure Prompts Alarm Bells for Law Firms
The bank's closing has led to immediate challenges for many midsize law firms, while many in the legal industry will be re-examining their banking relationships.
March 14, 2023 at 04:59 PM
6 minute read
Law firms will face significant challenges, both practical and existential, after Signature Bank in New York became the second U.S. bank failure in three days and the third-largest bank failure in U.S. history.
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