Inside the Secret Society of Wall Street's Top In-House Lawyers
- Wall Street general counsels have met for roughly two decades
- Lawyers discussed banding together against plaintiffs’ lawyers
The Palace of Versailles.
Photographer: Francois Guillot/AFP via Getty ImagesIt’s a Wall Street club that’s virtually unknown on Wall Street. It has no name or official membership list, and it meets only once a year, in locations such as Switzerland’s Lake Lucerne, Connecticut’s Litchfield County, and, this year, Versailles.
The attendees are top in-house lawyers for some of the world’s most powerful banks -- people who sit at the table for decisions that can shape multibillion-dollar litigation tabs for the likes of Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., Deutsche Bank AG and JPMorgan Chase & Co.