Magic circle trio Clifford Chance (CC), Linklaters, and Allen & Overy (A&O) have all been gifted places on the extensive legal panel of Russian state-owned bank Vnesheconombank (VEB), alongside a host of other international firms including Hogan Lovells, Akin Gump Strauss Hauer & Feld, White & Case, Norton Rose Fulbright (NRF), and Baker & McKenzie.
Adviser review: Eversheds and Hill Dickinson win spots on Metro Bank’s lending and securities panel
Eversheds and Hill Dickinson have been newly appointed to Metro Bank’s lending and securities panel alongside 12 others, following the bank’s first review since 2012.
City comp scheme to create first panel
The Financial Services Compensation Scheme (FSCS), the UK’s statutory compensation scheme for customers of authorised financial services firms, is currently undergoing a tender process to create its first-ever legal panel.
The FSCS, which is funded by levies authorised by the Prudential Regulation Authority and the Financial Conduct Authority, handles the majority of claims in-house, but has in the past turned to James Roome’s restructuring team, now at Akin Gump Strauss Hauer & Feld, and litigators at Herbert Smith Freehills and Quinn Emanuel Urquhart & Sullivan.
Adviser review: Firms vie for spots as Deutsche Bank assesses its global legal panel
German banking goliath Deutsche Bank has opened a review of its global legal panel with it set to conclude by the end of January 2015.
‘Rather impersonal’: Financial Services Compensation Scheme set to create first legal panel
The Financial Services Compensation Scheme (FSCS), the UK’s statutory compensation scheme for customers of authorised financial services firms, is currently undergoing a tender process to create its first ever legal panel.
Cutting the roster: After major acquisitions, Cofely set to create first legal panel
Cofely, a subsidiary of French energy giant GDF Suez, is to establish its first legal panel in a bid to reduce legal fees and the number of firms it deals with.
After major acquisitions, Cofely set to create first legal panel
Cofely, a subsidiary of French energy giant GDF Suez, is to establish its first legal panel in a bid to reduce legal fees and the number of firms it deals with.
In what will be a mass reorganisation of the company’s legal services expenditure, which currently involves business managers in selecting law firms, general counsel Simone Tudor is hoping to reduce the company’s go-to law firms down to just three after a review found that Cofely had instructed 25 law firms so far this year.
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‘Enhancing the role of the panel’: GDF Suez set to launch major panel review
The world’s second largest energy utility GDF Suez, which generated €39.4bn in the first six months of this year, is reviewing its procurement of legal services ahead of a major panel review set for the start of the New Year.
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From 74 interested to nine strong panel: Circle Housing appoints panel after year-long review
Following a 12-month review of its legal advisory panel, Circle Housing Group, the social housing provider for London and the South East, has awarded panel spots to nine firms after shortlisting 17.
Ashurst, Clifford Chance, Freshfields and Linklaters advise banks on competition inquiry
International firm Ashurst and Magic Circle trio Clifford Chance, Freshfields and Linklaters are advising the UK’s biggest banks over an inquiry into competition in the banking sector, following an investigation launched by the Competition and Markets Authority (CMA) in mid-July.