External counsel

Author: | Published: 1 Jul 2007
Do you feel the following lead to a greater need for external counsel?
Use of the English language
Prospectus Directive
Rule 144A private placements
Adoption of IFRS across Europe
Do you regard industry knowledge as a primary requirement in choosing external counsel?
Do you need a US law firm for rule 144A offerings?

Rule 144A private placements create the greatest need for external counsel among European corporate counsel. Counsel were asked whether four different categories led to a greater need for external counsel. Of the respondents to the CCP, 86% agreed that the 144A offerings create the biggest need to hire support, and that their importance puts pressure on tight budgets.

"If you work in it, this is a very critical area," says one general...