If the Legal Division determines that
the information submitted by outside counsel in its application is complete
and does not indicate the existence of any conditions that would bar
retention of the firm by the FDIC, the Legal Division will enter the firm on
its List of Counsel Available.
Neither submission of the
application by outside counsel nor review of the materials by the Legal
Division guarantees that the firm will be added to the List of Counsel
Available or subsequently receive any referral of work. In order to remain
on the List of Counsel Available longer than two years, outside counsel must
update its application prior to the expiration of two years. A firm may not
represent that it has been “approved” as outside counsel for the FDIC.
