It's a sentiment that the financial institution's own legal department might soon share.
A post at the JD Journal states that lawyers in the combined legal department of the two companies - about 700 attorneys in all - are being asked to reapply for their own jobs. As the post points out, this almost always leads to layoffs.
Any BoA layoffs would also be the second legal department firings by a major financial institution in less than a week. As discussed in the post mentioned above, Wells Fargo recently confirmed its plans to cut the ranks of its corporate counsel.
What's bound to leave a bitter taste in the mouths of anyone laid off from the Wells or BoA legal departments is the companies' recent quarterly earnings reports. Wells Fargo stated that it earned $3 billion in profit in the first quarter, and BoA reported today that it cleared $4.25 billion in profit during the same period - largely as a result of the Merrill Lynch merger.