counsel (including law firms and solo practitioners) interested in representing
the FDIC can obtain application materials by contacting the Legal Division or accessing
the FDICs Internet Home Page as shown on the Contact List in this brochure.
The Legal Division requires an applicant to
provide information about itself including: the areas of expertise for which the firm is
offering its services, together with a description of work recently performed and a list
of client references; an extensive disclosure of any actual or potential conflicts of
interest, or the appearance of any conflict of interest; an identification of the
firms malpractice carrier (if any) and description of the coverage; a
statement that the firm will absorb the cost of developing an understanding of the
FDICs specialty areas of the law.
The application includes a standard form Legal
Services Agreement that both outside counsel and the FDIC must sign in order for the firm
to receive referrals. Outside counsel must identify on the rate schedule attached to the
Legal Services Agreement the following information as to each attorney or paraprofessional
in the firm who may provide services to the FDIC: state licenses; years in practice;
status within the firm as partner, associate, or paraprofessional; minority and women
status; billable rate under the firms usual rate structure; proposed hourly rate to
the Legal Division; and the percentage of discount the firm is offering to the FDIC from
its usual rates. Each office of a multiple office law firm that wishes to be considered
for retention must provide the required information. Even an office that does not wish to
be considered for FDIC work must comply with the requirement to provide conflict of
interest information. The FDIC may request additional information concerning the firm.
Outside counsel is responsible for updating or
correcting information submitted in the application materials.