Legal Services Agreement
If rates, abilities, areas of expertise, conflicts of interest and other
factors used in evaluating outside counsel on a competitive basis are
acceptable to the Legal Division, and there is a need for additional outside
counsel in a particular geographical area, the Legal Division
may contact the firm to negotiate the proposed fee schedule attached to
the Legal Services Agreement that the firm executed and submitted with its application materials.
The Legal Services Agreement governs the
relationship between the FDIC and outside counsel. Absent compelling reasons, no increase
in the fee schedule attached to the Legal Services Agreement will be permitted during its
term. The terms of FDIC policies and procedures, including the Outside Counsel
Deskbook, are incorporated by reference into the Legal Services Agreement.
Prospective outside counsel may download the Outside Counsel Deskbook from the
FDICs Internet Home Page, or may request a copy from the Legal Division (See Contact List inside back cover of this brochure). Execution of a Legal Services Agreement by
outside counsel constitutes the agreement by the firm to be bound by the terms of
FDICs policies and procedures, as may be updated or amended. |