The Royal Bank of Scotland Group plc (RBS) has invited a handful of its closest outside legal providers to “fast-track” its general legal review, guaranteeing a group of core firms places on its coveted roster of preferred providers.
The bank contacted a number of its key outside providers over the summer, inviting them to sign on to the revised roster early, providing they agreed to basic terms on fees, rather than waiting until the full review is completed later this year. Allen & Overy, Linklaters, Ashurst, and Denton Wilde Sapte are among those said to have been invited to take part.
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