Addleshaws wins key Barclays role as bank confirms new panel line-up
Barclays has completed its panel review, with Addleshaw Goddard winning a coveted spot on the bank's main panel.
July 09, 2009 at 06:49 AM
2 minute read
Top 20 national firm joins the magic circle as UK banking giant completes panel review
Barclays has completed its panel review, with Addleshaw Goddard winning a coveted spot on the bank's main panel.
The national firm joins Allen & Overy, Clifford Chance, DLA Piper, Freshfields Bruckhaus Deringer, Linklaters, Lovells and Simmons & Simmons on the bank's general advisory roster, with Barclays also appointing a string of firms to 10 specialist panels.
In addition to its place on the general panel, Addleshaws also extended its role with the bank to win first-time appointments to the corporate recovery, litigation and property management panels.
Other firms winning new panel roles include Berwin Leighton Paisner, which landed debut appointments on the bank's commercial, corporate recovery and wealth products groups.
The latest panel review, which sees firms appointed for a two-year term starting this month, also saw a number of firms losing places on of the sub-panels.
Linkaters no longer sits on the commercial, corporate recovery and the lending and finance panels and Freshfields no longer sits on the commercial panel. A&O (which spun off its private client practice earlier this year), Dickinson Dees and Withers no longer advise the bank on wealth management issues.
Barclays said that the appointments came as the bank carried out a wider review of its cost base, including supplier costs.
Commenting on the review, group general counsel Mark Harding said: "Panel law firms continue to provide us with excellent service, driven in no small way by the partnership approach created from panel arrangements. In the current environment it is increasingly important to ensure we have the right choice of panel firms to meet our diverse needs and to provide good governance and risk management."
General advisory panel
Addleshaw Goddard (new appointment)
Allen & Overy
Clifford Chance
DLA Piper
Freshfields Bruckhaus Deringer
Linklaters
Lovells
Simmons & Simmons
Commercial panel Allen & Overy
Berwin Leighton Paisner (new appointment)
Bristows (new appointment)
Clifford Chance
DLA Piper
Latham & Watkins
Lovells (new appointment)
Millbank Tweed Hadley & McCloy
Pinsent Masons
Simmons & Simmons
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