George Carroll Whipple, III, a Member of the Firm in the Labor and Employment practice, in the firm’s New York office, was quoted by Bloomberg BNA Big Law Business, in “Bankers Do Battle in Obscure Courts,” by Gabe Friedman.
Following is an excerpt:
George Whipple, a partner at Epstein Becker & Green in New York, who previously worked in house at Credit Suisse, said the U.K. is one of the most expensive places to litigate, so the banks have to be careful that their legal fees do not exceed their liability.
On the other hand, the bankers often can’t afford lawyers either. Instead, they choose to face off against the bank’s hired guns. And that Whipple said, is a “growing trend.”