Looking to about to move in-house. What bank among the big 4 (BoA, Chase, Wells Fargo, Citi) is best to work at as counsel? Are any allowing remote/hybrid work for IHC?

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Wells Fargo can’t seem to go a year with out being on the front page for legal issues. 🤷

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I've heard WF has steady turnover and sometimes enforced really intense employee.monitoring

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Most banks do as counsel is going to. Be privy to information that can impact personal finances

Wherever you choose, just be careful it’s not a practice area that is temporarily busy but will vanish in the near future. I had a lot of friends who got hired to do legacy MBS work, then they were all laid off once the bank was done exiting MBS.

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Could be mortgage backed securities

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I’m former WFC. Massive churn as the CEO seeks to get out of the remaining regulatory issues while also downsizing the company. 90% of the people I knew there have left. I’d be wary of taking a role involved in those issues, as they’re reportedly near the finish line and they won’t have use for you once those finish up.

Citi is in a similar boat for similar reasons.

JPM and BofA are the gold standards for risk management, but I can’t speak to what that looks like as counsel. Likely well paid but intense, WLB-unfavorable cultures. BofA also does periodic RIFs, which would be stressful.

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Reduction in force (layoffs)

Edit: Apparently WF got #3 on LinkedIn’s top companies last year. Not sure if that relates to employee satisfaction or other metrics.

Following.

Chase is all WFO

Citi is 2-3x per week in office depending on your location. Don’t foresee them shifting fully away from hybrid, but we live in uncertain times

Worked at BofA as a secondee. I liked BofA and its banking hours. It was very much a 9-5 gig. They do require you to go into the office (if you care) a couple times a week

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