Barclays Capital Americas general counsel Michael Crowl has kicked off a review of the global company’s legal advisers in the US. It marks the first time the group has overhauled its panel of outside counsel since its acquisition of Lehman Brothers’ U.S. investment banking operations.
Based in New York, Crowl is believed to be reducing the number of outside law firms after the bank’s $1.75 billion acquisition of Lehman Brothers’ North American investment banking and capital markets business in 2008.
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