Credit Suisse appoints line-up of top UK law firms to new EMEA roster
Clifford Chance (CC), Freshfields Bruckhaus Deringer and Allen & Overy (A&O) are among a raft of firms to have been appointed to Credit Suisse's EMEA panel. The trio have been reappointed to the roster alongside firms including Herbert Smith, Simmons & Simmons and Ashurst. Linklaters, which still has a close relationship with Credit Suisse, is not on the EMEA roster. It is unclear whether the magic circle firm was appointed to the panel during its last review in 2009.
February 23, 2012 at 07:03 PM
2 minute read
Clifford Chance (CC), Freshfields Bruckhaus Deringer and Allen & Overy (A&O) are among a raft of firms to have been appointed to Credit Suisse's EMEA panel.
The trio have been reappointed to the roster alongside firms including Herbert Smith, Simmons & Simmons and Ashurst. Linklaters, which still has a close relationship with Credit Suisse, is not on the EMEA roster. It is unclear whether the magic circle firm was appointed to the panel during its last review in 2009.
Separately, Berwin Leighton Paisner (BLP) has also won a first-time appointment to advise the bank.
The latest review saw advisers pushed on fees and value-added services such as secondments. No US firms were invited to pitch as the bank is thought to have a separate Americas panel accommodating key US advisers such as Skadden Arps Slate Meagher & Flom and SNR Denton.
The panel review comes after Linklaters, Gianni Origoni Grippo & Partners (now Gianni Origoni Grippo Cappelli & Partners) and Credit Suisse settled a £118m professional negligence dispute in October last year relating to advice given to the bank on a deal with Italian food company Parmalat nearly 10 years ago.
Credit Suisse sent a letter before action to Linklaters in February 2011 laying out a claim worth roughly €136m (£118m) against the firm regarding advice the bank was given on a 2001 bond deal with Parmalat, before the company went into administration in 2003. Credit Suisse declined to comment.
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