Ashurst, Freshfields, Linklaters and Clifford Chance to advise the big four on CMA's high street banking probe
Ashurst and magic circle trio Clifford Chance (CC), Freshfields Bruckhaus Deringer and Linklaters have each been retained by the big four high street banks after the Competition and Markets Authority (CMA) launched its investigation into the current accounts and small business banking market last week.
November 10, 2014 at 07:13 PM
2 minute read
Ashurst and magic circle trio Clifford Chance (CC), Freshfields Bruckhaus Deringer and Linklaters have each been retained by the big four high street banks after the Competition and Markets Authority (CMA) launched its investigation into the current accounts and small business banking market last week.
The firms were originally instructed by the banks in July when the CMA first began a consultation process reviewing alleged lack of competition into the market with a view to launching a formal probe.
Ashurst has retained its role acting for Lloyds Banking Group with a team led by global head of competition and EU law Nigel Parr. The vote of confidence from the bank follows Ashurst's reappointment to Lloyd's core legal panel last month.
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