Traditionally, two types of law firms have primarily serviced banks and financial institutions: (a) large, national law firms that charge premium rates; and (b) smaller law firms that handle matters in tremendous volume—so-called “foreclosure mills.” However, in our view, neither of these types of firms is well-suited to service a local or regional bank. First, because of the numerous, additional regulations imposed on banks in the wake of the financial crisis, most local banks are no longer inclined topaypremium rates. Second, the nature of a volume-based practice often leads to significant, costly errors that jeopardize banks’ rights and exposes banks to potentially significant expense down the road.