LG has picked up a lead role advising the British Bankers Association (BBA) on an independent investigation into the Libor rigging scandal.

The firm, which is fielding a team led by employment partner Helga Breen, was appointed last week after the BBA confirmed an investigation prompted by evidence of rate rigging gathered by the Financial Services Authority (FSA), the US Commodity Futures Trading Commission and the US Department of Justice (DoJ).

The London-based team charged with conducting the investigation, which also includes white collar crime and fraud partner Eoin O'Shea and financial regulatory partner Richard Everett, as well as six additional lawyers, has not been given a particular time frame in which to complete the review.