HSBC finalises UK panel with CMS and Dentons among firms making the cut
Bank finishes UK panel following a review that kicked off earlier this year
July 28, 2017 at 09:31 AM
3 minute read
HSBC has finalised its UK legal panel, with CMS Cameron McKenna, Eversheds Sutherland and Dentons among a number of firms appointed following a review held earlier this year.
The trio sit alongside Pinsent Masons, Simmons & Simmons and Addleshaw Goddard as part of a roughly 10-strong line-up of firms on the roster.
In addition to the firms appointed for UK work, Legal Week understands that all firms on the bank's global panel are also automatically admitted to tender for work through the UK line-up.
The global panel was reviewed last year, when US firm Davis Polk & Wardwell won a place alongside existing panel members including Allen & Overy (A&O), Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters and Norton Rose Fulbright.
One partner involved in the UK panel process said: "We do a lot of work for HSBC, so it's great for us. They have slimmed their UK panel right down to about 10 firms and we are one of those."
HSBC's UK legal team is led by UK general counsel Hugh Pugsley, who joined from Lloyds Bank in 2015.
Many of the firms appointed have long histories of working with HSBC. Legacy Eversheds advised the bank in 2013 on a facilities outsourcing agreement with real estate services giant Jones Lang LaSalle, and in 2015 took a lead role on the deal that saw HSBC move its UK headquarters from London to Birmingham. Pinsent Masons meanwhile advised the bank in 2015 on the financing of Canada Pension Plan Investment Board's £1.1bn acquisition of student accommodation company Liberty Living.
Earlier this year, HSBC deputy general counsel Richard Given left the bank after six years to join fintech startup 10x Banking, which was founded by former Barclays chief executive Antony Jenkins.
Other bank panels recently reviewed include Standard Chartered's global panel, which saw Dentons win a first time spot on the roster alongside the magic circle and a number of other firms.
Société Générale meanwhile has recently kicked off a review of its global panel of external legal advisers, with the results due to be announced in September.
All firms declined to comment. HSBC declined to comment.
Corporate Counsel Forum Europe 2017: The annual meeting place for Europe's leading general counsel, click here to view conference programme & to register https://goo.gl/TXxPFr
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
Germany’s Wirecard Case Moves to Airport Hangar to Accommodate 100 Lawyers
5 minute read
Can Labour's New Budget Steady the Ship? Big Moves On UK Tax Reform and Fiscal Stability
5 minute read
Greenberg Takes 7-Lawyer Project- and Structured-Finance Team From Dentons in Warsaw
3 minute readTrending 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
