Hopes are rising that some jobs in Lehman Brothers‘ 50-strong in-house legal team can be saved as some legal staff were told Wednesday that they would be paid until the end of the month.
The move contradicts earlier expectations that the entire U.K. legal team would lose their jobs in the wake of the bank’s shock insolvency and comes as Barclays Wednesday sealed a 1 billion pound ($1.8 billion) deal to acquire a sizable chunk of Lehman’s investment bank and capital markets business on Wall Street.
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