|Bank of America Legal Department manages all legal affairs of the bank and its subsidiaries and helps them minimize the risks in accordance with the laws of the Federal and the State governments. The department consists of a large number of skilled lawyers and also seeks outside counsel from those professionals who can provide responsible and cost-effective services well on time while keeping the standard of bank's professional and ethical practices. The in-house attorneys work in close association with the hired lawyers in order to handle various legal issues in the most balanced way.
Bank of America Outside Counsel
The bank follows specially-designed procedures, commonly referred to as Outside Counsel procedures, to outsource its legal requirements into able hands and get the services from qualified lawyers only. An individual attorney or a law firm should comply fully to these procedures in order to achieve a successful synchronization with the department's own lawyers and manage Bank of America's legal affairs effectively. Moreover, the bank reserves the right to refuse payment or even take a unilateral decision of termination if an individual or a law firm fails to comply the procedures fully.
A law firm willing to provide outside legal services to the bank should enter into a written agreement with the bank, which is a part of the outside counsel procedures. The terms of the engagement agreed upon are binding to the attorneys, paralegals and other assistants who work on a particular legal matter associated with the bank. The law firm must ensure that a copy of BOA legal department's procedures is provided to each member of its team before the work on a legal issue begins. Though there may be some exceptions to these procedures depending upon the countries of operation, a law firm must adhere to the normal procedures unless directed specifically.
Bank of America Legal Department Address
555 California Street, 8th Fl
San Francisco, CA 94104
Bank of America Legal Department Phone Number: 415.622.9688
Fax Number: 415.953.8153