SocGen confirms eight 'preferred' firms on new international legal panel
French bank announces full details of international law firm panel
January 26, 2018 at 05:51 AM
2 minute read
Societe Generale has announced the full line-up of its international legal panel, with DLA Piper, Norton Rose Fulbright and Mayer Brown among the firms appointed as 'preferred' advisers.
The line up comprises 12 full-service firms – split into eight 'preferred' firms and four 'selected' firms – alongside six others appointed specifically to handle large litigation and tax advice.
The new panel came into effect on 1 January, with the successful firms handed six-year terms.
The eight 'preferred firms' are Herbert Smith Freehills (HSF), DLA Piper, Norton Rose Fulbright, Simmons & Simmons, Ashurst, Dentons, Mayer Brown and Watson Farley & WIlliams.
The four 'selected' firms are Baker McKenzie, Gide Loyrette Nouel, Orrick Herrington & Sutcliffe and Shearman & Sterling.
Of the six specialist law firms, four will advise on large litigation – Allen & Overy (A&O), Hogan Lovells, Debevoise & Plimpton and Skadden Arps Slate Meagher & Flom – with the other two, French firm Fidal and PwC, responsible for tax advice.
The international global panel will also be complemented by local panels in jurisdictions where SocGen operates.
The panel review, which was led by France-based Olivia Brunet de Viry, concluded in December. At the time, a partner at one of the firms involved told Legal Week that the reverse auction process used for the final round of the review had been "a nightmare".
The bank's last review in 2011 saw 12 UK and international firms appointed for six-year terms, before which panel appointments lasted for three years.
Firms appointed in 2011 included A&O, Bakers, HSF, Clifford Chance, Hogan Lovells, Norton Rose, Simmons, Shearman, Jones Day and Paul Hastings, Gide and PwC.
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