Private equity firms tend to decide which bank-side lawyer will have a seat at the table. Credit: David/Adobe Stock Why 'Designated Counsel' is the Most Problematic Issue in Corporate Law
The practice of private equity firms choosing lenders' legal counsel has attracted the attention of UK and European financial watchdogs and added fuel to an already heated argument.
February 28, 2023 at 05:45 AM
11 minute read
The original version of this story was published on Law.com International
Designation. The word doesn't sound particularly interesting, let alone controversial. But utter the term in the presence of a private equity lawyer and you are bound to get a reaction.
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