HSBC has appointed around ten firms to its UK legal banking panel. Addleshaw Goddard, Eversheds Sutherland and Simmons & Simmonswere among those which made the cut.
CMS Cameron McKenna, Dentons and Pinsent Masons are also among the roster which was reduced in size.
The UK review follows a global shake-up in December last year, in which existing panel members Allen & Overy, Clifford Chance (CC), Freshfields Bruckhaus Deringer and Linklaters were joined by US newcomer Davis Polk & Wardwell.
The bank previously reviewed its panel in 2012, when it expanded its roster to include a group US firms including Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown.
HSBC’s in-house legal team changed significantly in 2017.The company’s head of legal for worldwide operations and deputy general counsel (GC) Richard Given left to become GC and company secretary at fintech startup 10x Banking.
Internal associate general counsel Stephen Cooke replaced Given, who was in his role for almost six years.
Hugh Pugsley has been GC at HSBC since 2015, after leaving Lloyds Banking Group.
In May, in other banking panel reviews, Standard Chartered unveiled its completed global panel, with Magic Circle firms dominating the line-up. On the panel were Slaughter and May, A&O, Linklaters and CC, alongside Herbert Smith Freehills (HSF), Hogan Lovells, Baker McKenzie and Dentons.
Deutsche Bank also completed its global panel this year, with all of the Magic Circle firms joined by HSF, Ashurst, Simmons & Simmons, Taylor Wessing and Hogan Lovells.
HSBC declined to comment.
