Information for Prospective Outside Counsel
FDIC Policies and Procedures
Outside counsel retained by the FDIC must comply with the Corporations policies and procedures, including the Outside Counsel Deskbook. The Outside Counsel Deskbook as well as other important FDIC policies and procedures relating to outside counsel may be downloaded from the FDICs Internet Home Page, or may be obtained by contacting the FDIC (See Contact List inside back cover). For example, outside counsel must prepare a budget at the commencement of a matter and must submit detailed fee bills on a regular basis in accordance with the budget. The FDIC pays outside counsel electronically. It requires outside counsel to provide information necessary for this form of payment. The details of these and other requirements, as well as the Legal Divisions billing procedures, are set forth in the Outside Counsel Deskbook.
In the event of a conflict or inconsistency between this brochure and other FDIC policies and procedures, or other documents governing the retention of outside counsel or referral of particular matters to outside counsel, the terms of the other documents govern.