Anna Cole-Bailey rounds up the latest in-house panel reviews and moves
In a busy month of in-house activity, National Grid revealed the line up of its new legal panel, Lombard International embarked on creating its first-ever legal roster, and blue chips BAE Systems and Lloyds Banking Group lost senior legal heads. Continue reading “Three firms cut as National Grid unveils panel following ‘pay to play’ review and BAE loses longstanding legal chief”
BDB Pitmans, Irwin Mitchell and Norton Rose Fulbright have been dropped from National Grid’s panel, understood to be worth about £12m a year in the UK alone, following an extensive tender process which saw firms pay to compete for spots.
Womble Bond Dickinson is the sole new appointee on a roster which reduced the number of advisers from 12 to ten. The review, which began in May this year, was potentially going to reduce the number of advisers to six, but Addleshaw Goddard, Bryan Cave Leighton Paisner, CMS Cameron McKenna Nabarro Olswang, Dentons, DLA Piper, Eversheds Sutherland, Herbert Smith Freehills, Linklaters and Shakespeare Martineau all retained their spots. Continue reading “In-house: National Grid drops three firms from panel following ‘pay to play’ review”
Wealth-structuring company Lombard International is creating its first-ever legal adviser panel under the watch of general counsel (GC) Monica Risam, the former Aviva UK Life GC who moved to the company in January last year.
The panel will cement and deepen relationships the Luxembourg-based company already has with firms such as Allen & Overy, Baker McKenzie, DLA Piper and Linklaters. Continue reading “In-house: GC Risam draws on experience as Lombard International invites tenders for debut panel”
Hamish McNicol assesses the adviser mood as clients flex buying power
‘Would I say it’s the norm? No. But would I say I’m surprised? No.’ Continue reading “‘There will be pushback’: Dawn of pay-to-play tenders will stoke law firm tensions with GCs”
Big Six energy company SSE is reviewing its legal panel for the first time since setting up its debut roster in 2014, while the general counsel (GC) of construction company Balfour Beatty has left after just six months.
SSE appointed Freshfields Bruckhaus Deringer, Addleshaw Goddard, CMS Cameron McKenna Nabarro Olswan, Osborne Clarke, Gillespie Macandrew, Thorntons and Kennedys to its inaugural panel five years ago, under the directorship of legal head Liz Tanner (pictured), who featured in this year’s GC Powerlist. Continue reading “In-house: SSE launches first panel review as Balfour Beatty GC departs after just six months”
CMS has dropped off Lloyds Banking Group’s core panel of advisers after a review which reshaped the roster into two lots.
A total of 25 firms are understood to have been appointed, split between a smaller number of core firms and a group of general firms. It was the bank’s first panel review since 2016, when DLA Piper and Norton Rose Fulbright lost their spots as the core panel shrunk from ten to eight firms. Continue reading “In-house: CMS bumped as core adviser following Lloyds panel review”
Major companies are pressing external counsel to pay to compete for adviser spots in a move set to be resisted by some major law firms. The practice sees law firms paying to be ‘validated’ by a procurement company, effectively pushing the cost of the agency onto the pitching law firms. One prominent case has been National Grid’s ongoing panel review. Santander has also used a comparable model on a recent pitch.
The National Grid panel review, covering a range of work understood to be worth about £12m a year in the UK alone, began six months ago and is due to be finalised at the end of November. Six to ten spots are available on its roster, which is being reduced from 12 advisers. Continue reading “Pay to play – Bluechip clients force law firms to pay to pitch as GCs flex buying power”
Pinsent Masons has regained its spot on Siemens’ UK panel in favour of Osborne Clarke after the conglomerate’s latest legal adviser review.
Undertaken by Simone Davina, Siemens’ UK and Ireland general counsel (GC), Pinsents joins Addleshaw Goddard and Eversheds Sutherland who have both been reappointed advisers for another three years.
Continue reading “In-house: Pinsents replaces Osborne Clarke spot on Siemens UK panel”
Ten firms have secured spots on FTSE 100 insurer Aviva’s refreshed legal panel, with RPC, Eversheds Sutherland and Bryan Cave Leighton Paisner winning new appointments.
The two-lot panel covering the group and investor businesses came into effect on 1 July after the previous panel, last reviewed in 2013, ran its course. It will run on an initial three-year term. Continue reading “In-house: Aviva reveals new adviser panel after first review since 2013”