Nationwide GC rolls out lending panel review
Nationwide Building Society has kicked off a review of its commercial lending panel, one of a handful of sub-panels not reviewed when the company set up its first-ever group-wide legal roster in July last year. The review, which was started two weeks ago by general counsel Liz Kelly, will see Nationwide assess the current line-up of approximately 60 advisers with a view to significantly reducing the number of firms on the panel.
September 22, 2010 at 07:03 PM
2 minute read
Nationwide Building Society has kicked off a review of its commercial lending panel, one of a handful of sub-panels not reviewed when the company set up its first-ever group-wide legal roster in July last year.
The review, which was started two weeks ago by general counsel Liz Kelly, will see Nationwide assess the current line-up of approximately 60 advisers with a view to significantly reducing the number of firms on the panel.
Group legal manager Susan Manik commented: "In addition to its general corporate panel, a number of firms are used to undertake property and security work arising from Nationwide's commercial lending operation. The number of firms on that panel is being reviewed to reflect the current volume of new commercial lending and associated work."
Manik said that the number of firms appointed is dependent on the quality of each individual pitch. The review is expected to be completed by the end of October.
The news comes just over a year after the building society appointed five firms to its first-ever UK panel, including magic circle firm Allen & Overy, alongside Eversheds, Burges Salmon, Olswang and Nabarro.
Nationwide operates a handful of other sub-panels, including commercial property and lending control, which it plans to review in due course.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Whistleblowing in 2025: What's on the Horizon for GCs?
De Brauw Partner Departs for In-House Role with Swiss Family Enterprise
Trending Stories
- 1Parties’ Reservation of Rights Defeats Attempt to Enforce Settlement in Principle
- 2ACC CLO Survey Waves Warning Flags for Boards
- 3States Accuse Trump of Thwarting Court's Funding Restoration Order
- 4Microsoft Becomes Latest Tech Company to Face Claims of Stealing Marketing Commissions From Influencers
- 5Coral Gables Attorney Busted for Stalking Lawyer
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
