Standard Life Investments increases panel from three to five
The asset manager has completed a panel review that will see five firms stay on its panel for the next five years
July 21, 2016 at 05:18 AM
2 minute read
Standard Life Investments' (SLI) legal panel has grown from three to five firms, with Maples Teesdale and Shepherd & Wedderburn securing new spots.
The three firms to be reappointed are Addleshaw Goddard, CMS Cameron McKenna and Herbert Smith Freehills.
The last review was in 2013, which did not see CMS appointed to the panel. However, when CMS acquired panel firm Dundas & Wilson it gained kept client.
Maples Teesdale and Shepherd & Wedderburn win spots for the first time.
The firms both previously had relationships with Ignis Asset Management, which was acquired by SLI in July 2014. Slaughter and May advised SLI on the acquisition of Ignis, while Freshfields Bruckhaus Deringer advised life assurance funds manager Phoenix Group, the then owner of Ignis.
All the firms on SLI's revised panel were appointed for five years from 1 May 2016. The appointment only relates to real estate, construction, planning and real estate litigation work.
The review was overseen by SLI head of real estate finance and operations Paolo Alonzi, who has been at the company since 2003 in a variety of roles before taking up his current post in 2010. Prior to his work at SLI, he was a tax manager at accountant PWC.
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