Legal Business Blogs

Reed Smith replaced as Addleshaw Goddard joins Siemens UK legal panel

Eversheds and Osborne Clarke have been reappointed to Siemens UK’s legal panel, while newcomer Addleshaw Goddard will replace Reed Smith, following a review.

The new panel will take effect from March 2016, spanning a three year term. Siemens general counsel Claire Carless, appointed in 2012, leads the company’s legal team, which operates across the UK and is aligned to Siemens’ four business sectors, energy, healthcare, industry and infrastructure & cities, and in addition supports other busineses such as its financial services division.

The energy and technology company streamlined its legal panel during its last panel review in 2013. The goal was to work on ensuring firms on the panel had a ‘better understanding of the Siemens businesses and to create greater efficiencies and value for the UK organisation.’

Eversheds has acted for Siemens since 2013, and anti-trust partner Richard Prowse, who led the panel bid, said he looks forward to continuing the relationship.

Prowse said: ‘Over the past three years we have worked closely with the Siemens in-house team and have developed a deep understanding of the business. We are thrilled to be reappointed to the panel, which underscores our strength in the various practice areas.’

Slaughter and May is not on the panel but has also advised Siemens in the past on Nokia’s €1.7bn buyout of Siemens’ stake in Nokia Siemens Networks in 2013.

Other recently concluded panel reviews include Credit Suisse which appointed Ashurst alongside four Magic Circle advisers, JPMorgan Chase, which appointed the entire Magic Circle, as well as CMS Cameron McKenna, Eversheds and Norton Rose Fulbright, while The Royal Bank of Scotland also undertook a review, and appointed Clifford Chance, Linklaters and Allen & Overy among several others to its roster for the next three years.