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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Information for Prospective Outside Counsel

Role of Outside Counsel

Role of Outside Counsel Management of all legal affairs of the FDIC rests with the Legal Division, which serves as outside counsel’s sole contact with the FDIC except in limited circumstances. The relationship between the Legal Division and outside counsel should be a cooperative relationship in which the resources of each may be utilized to achieve the most practicable, efficient, and cost-effective resolution of the matter.

The Legal Division places great importance on the professional skills and conduct of all attorneys representing the FDIC. Because the FDIC acts in the public interest, its attorneys and professional staff must observe the highest standards of ethical conduct and demonstrate the highest degree of professional competence and excellence.

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