Clydesdale and Yorkshire Banks halve combined national legal panel
Clydesdale and Yorkshire Banks have cut their national legal panel by more than half, with Norton Rose Fulbright, Eversheds and Brodies all losing spots on the roster.
July 29, 2014 at 10:54 AM
2 minute read
Clydesdale and Yorkshire Banks have cut their national legal panel by more than half, with Norton Rose Fulbright, Eversheds and Brodies all losing spots on the roster.
Following a tender process, the banks re-appointed DLA Piper, Addleshaw Goddard and Hogan Lovells and HBJ Gateley, while awarding new spots on the seven-firm line-up to Pinsent Masons and Shepherd & Wedderburn.
Rounding out the national panel is CMS Cameron McKenna, consolidating the role it previously held alongside merger partner Dundas & Wilson.
Other firms to have fallen from the national panel include Scottish-headquartered outfits Harper Macleod, McClure Naismith and Morton Fraser, as well as Thomas Eggar and Optima Legal.
However, Harper MacLeod, Morton Fraser, Eversheds and Optima have all won spots on the banks' separate recoveries panel, which sits alongside the bank's business & private banking and retail panels.
Both Clydesdale and Yorkshire Bank – the latter a division of the former – will also continue to work with firms on the panel of parent company National Australia Bank (NAB).
A spokesperson for the UK banks said advisers to NAB's London branch including Linklaters would support Clydesdale and Yorkshire on matters which involve dual-reporting and corporate deal-making.
"Access to the NAB London panel provides access to specialist areas of support we may need from time to time, without the need to duplicate effort in creating our own panel," he said.
In addition to Linklaters, a review of the NAB panel in 2010 saw spots awarded to Allen & Overy, legacy Norton Rose, CMS Cameron McKenna, Dundas & Wilson and Baker & McKenzie.
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