According to Bar Council Ethics Rules full time employees of law firms or company get affected. However, since designation of law officer of bank is AM(Legal) and not Full Time employee, hence, following the logic of law firms' Associates [who say that designation will decide if someone is full time employee or not - since their name is Associate, hence they are not full time employees], therefore, an AM (Legal) of a Bank can also file vakalatnama on the lines of Associates/Sr. Associates of Law Firms.
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