Links, CC and Norton Rose named on nine-strong Green Investment Bank panel
Clifford Chance (CC), Linklaters and Norton Rose Fulbright are among nine firms to have won spots on the UK Government-backed Green Investment Bank's (GIB) first formal panel. Legal Week understands that Slaughter and May, Allen & Overy (A&O), Pinsent Masons, Burges Salmon and KWM SJ Berwin were all also successful in their pitches for the roster.
February 27, 2014 at 07:08 PM
3 minute read
Clifford Chance (CC), Linklaters and Norton Rose Fulbright are among nine firms to have won spots on the UK Government-backed Green Investment Bank's (GIB) first formal panel.
Legal Week understands that Slaughter and May, Allen & Overy (A&O), Pinsent Masons, Burges Salmon and KWM SJ Berwin were all also successful in their pitches for the roster. The firms will advise on UK-wide matters.
Two spots were given to Maclay Murray Spens and Shepherd and Wedderburn, which will advise on Scottish law matters for the Edinburgh-headquartered bank.
The GIB, which was founded in 2012, aims to attract private financing to green infrastructure projects in the UK by partnering with major investors.
Each year the bank spends several million pounds on external legal advice, covering a range of transactional, regulatory and competition work.
Prior to the formal panel revamp, GIB had most frequently turned to Pinsents, Slaughters and A&O.
Successful and unsuccessful firms are currently being informed of their appointments, following a review conducted by general counsel Euan McVicar, who joined the bank from Pinsents last August.
Speaking to Legal Week, McVicar was keen to stress that firms which had not made the cut would still be considered for off-panel work, but that nine firms had been chosen to "strike a balance" between close relationships, financial viability for the firms and conflict risks.
"It was an embarrassment of riches," said McVicar. "The thinking behind the panel has been to strike a balance in terms of the size and complexity of transactions we want to do."
"We would also work with legal advisers pre-appointed by the project sponsors wherever possible."
Although the GIB counts the Government as its sole shareholder, the tender process was conducted outside of the remit of the Government Procurement Service agency.
McVicar joined the bank last August, taking over from interim general counsel and former Slaughters partner Christopher Saunders, who remains as the bank's deputy GC.
Slaughters advised the Department for Business, Innovation and Skills on the bank's creation.
At the end of 2013, the bank's in-house legal team was boosted by the hire of former Norton Rose associate Leo Thorn Gent, who advised GIB on its investment with Barclays Bank, BayernLB and SMBC in the Wakefield waste facility located in South Kirkby.
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
© 2024 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
Doctors and Scientists Lead Climate Protests at Each Magic Circle Firm
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
