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Federal Deposit
Insurance Corporation

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

Information for Prospective Outside Counsel

Overview of FDIC Process for Retaining Outside Counsel

Outside counsel interested in representing the FDIC first must submit an application to the Legal Division. The Legal Division maintains a “List of Counsel Available” that includes law firms that have submitted completed applications that do not indicate the existence of conditions that would bar a firm from representing the FDIC. The Legal Division refers to the List of Counsel Available when seeking outside counsel.

Prior to referring a matter to outside counsel, the Legal Division enters into a Legal Services Agreement with the firm. The Legal Services Agreement governs the relationship between outside counsel and the FDIC. The FDIC issues a referral letter to outside counsel for the specific matters for which it retains a firm.

The process for retaining outside counsel is described in greater detail below. Outside Counsel may obtain additional information by contacting the resources in the Contact List inside the back cover of this brochure.

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