Legal Business Blogs

Adviser review: Magic Circle dominates as Standard Chartered unveils latest global panel

Slaughter and May, Allen & Overy, Linklaters and Clifford Chance are among the firms to have been named on Standard Chartered‘s revised legal panel following a review earlier this year.

Herbert Smith Freehills (HSF), Hogan Lovells and Baker McKenzie have all been reappointed to the panel, while Dentons claimed a spot for the first time. The panel was last reviewed in 2015 when HSF was appointed for the first time alongside the same group of firms.

The 2015 review followed a major reshuffle of the bank’s in-house team, which saw ICAP’s group general counsel (GC) Duncan Wales join to help manage legal affairs. Standard Chartered also made key hires into its financial crime compliance (FCC) unit, recruiting GE Capital duo Steve Munro and David Clark.

In other hires to the bank’s in-house legal team, Standard Chartered recruited a top lawyer from Barclays in December 2016, with regulatory lawyer Chris Allen joining as GC for clients and products.

Standard Chartered is led by group GC David Fein, who joined the company in 2013. Fein previously served as US attorney for the District of Connecticut and also acted as associate counsel to President Bill Clinton between 1995 and 1996.

Other recent panel reviews saw Deutsche Bank appoint eight firms to its global legal panel earlier this year. All of the Magic Circle firms are joined on the roster by HSF, Ashurst, Simmons & Simmons, Taylor Wessing and Hogan Lovells.

US firms on the panel include Shearman & Sterling, Milbank, Tweed, Hadley & McCloy, Reed Smith, Latham & Watkins, Cleary Gottlieb Steen & Hamilton, Mayer Brown and White & Case.

Neither the panel firms nor Standard Chartered would comment on the latest review.