Law firms A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses Legal Business · 15 January 2015 · 1 min read Financial services US US banks have started to announce their results for Q4 2014, revealing a large hit to balance sheets from legal expenses with JPMorgan Chase spending $1.1bn and Citigroup $2.9bn, just in the three months to 31 December 2014.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryBridging law and business: the value of in-house counsel and their 360-degree roleIn-HouseMargherita Birri3 Jun 2026Starling launches new panel as 16 firms make the cutIn-HouseTheresa Hargreaves29 May 2026‘A static panel couldn’t keep up’ – why Revolut is taking a radical new approach with its external firmsIn-HouseTheresa Hargreaves21 May 2026Clifford Chance names Cohen first New York managing partner amid fresh bid to crack America with Houston office openingLaw firmsHolly McKechnie28 Jun 2023International Women’s Day 2022: Barbara L. Becker, chair & managing partner, Gibson Dunn, New YorkLaw firmsMegan Mayers8 Mar 2022International Women’s Day 2022: Perlette Jura, Gibson Dunn, Los Angeles – disputesLaw firmsMegan Mayers8 Mar 2022Revolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesLaw firmsAnna Huntley9 Jan 2025‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryLaw firmsAnna Huntley7 Jan 2025Five partners vie to succeed Hoyland as Simmons managing partnerLaw firmsTom Cox7 Jan 2025