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>> WELLS FARGO Latest News

MAR 27, 2013 - Washington Business Journal

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Big bank cutting outside legal expense

In an effort to reduce expenses, Wells Fargo & Co. is following a trend of many corporations and giving less work to outside law firms. Reuters reported that Wells Fargo’s general counsel, Jim Strother, said the bank began reviewing legal expenses nine months ago and plan to start implementing changes in the coming months. Strother made his remarks at a University of North Carolina law school conference. “We do expect to have a meaningful reduction in outside counsel expense,” Strother told…

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