Societe Generale kicks off global panel review
French banking giant to shake up global panel as six-year terms come to an end
June 05, 2017 at 07:32 AM
2 minute read
Société Générale has kicked off a review of its global panel of external legal advisers.
The French banking giant formally launched the tender process last week, with the review expected to last several months.
A source close to the matter said the bank intends to finalise the new line-up by September, with the appointments expected to run from January 2018 for a six-year term.
It is understood that France-based Olivia Brunet de Viry, a director within the bank's law firm policy group, is leading the review.
SocGen last renewed its global panel in 2011, when 12 UK and international firms were appointed for a six-year term. Up until 2011, the panel appointments lasted for three years.
Firms appointed in 2011 included Allen & Overy (A&O), Baker McKenzie, Herbert Smith, Clifford Chance, Hogan Lovells, Shearman & Sterling and Paul Hastings. Shearman last year advised the bank on its purchase of Kleinwort Benson.
SocGen's group general counsel is Dominique Bourrinet, who has held the role since January 2014.
Earlier this month, Standard Chartered renewed its global legal panel, with Eversheds Sutherland and Dentons picking up first-time spots. Herbert Smith Freehills, Bakers, A&O, CC, Hogan Lovells, Slaughter and May and Linklaters were all reappointed to the roster.
Meanwhile, Lloyds Banking Group recently completed a review of its specialist sub-panel, with 24 firms winning places including Berwin Leighton Paisner, Simmons & Simmons, Bond Dickinson and Reed Smith.
SocGen declined to comment.
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