Wake Up Call: JPMorgan, Citi Scrap Over Wealthy New York Lawyers

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• JPMorgan Chase & Co. has boosted efforts to poach leading New York lawyers to its private bank, in another chapter in its fight with archrival Citigroup Inc. Citi’s private bank “dominates” the market for wealthy NY attorneys, having gained access to partners with Skadden, Sullivan & Cromwell, and Kirkland & Ellis. (Financial Times)
• More than twice as many general counsel, 71%, were externally recruited for their new roles compared with 29% that were promoted from within, ...