Financial Conduct AuthorityFCA Appoints 15 Firms To New Roster Following COVID-19 Delay
The new panel consists of 15 firms in total, with several new appointments including Clyde & Co, Dentons and Pinsent Masons.
August 03, 2020 at 08:11 AM
2 minute read
The Financial Conduct Authority (FCA) has refreshed its legal panel after delays due to COVID-19 with 15 firms appointed to the new line-up.
Clifford Chance and Ashurst have been appointed as have DLA Piper, Eversheds Sutherland and Norton Rose Fulbright.
Other appointments include Dentons, Mills & Reeve, Burges Salmon, Pinsent Masons, Bevan Brittan, BDB Pitmans, Kingsley Napley, and Clyde & Co.
The new panel agreement is worth £8.6 million, according to the legal document.
The FCA was due to make an announcement on its refreshed panel earlier in 2020, having kicked off the tender process in January but the impact of the COVID-19 pandemic delayed the announcement of the new roster.
The panel, which was expected to begin in June, begins from August 3 and will run for four years with the option to extend for an additional 12 months.
Both BT and EDF Energy were forced to delay their own legal panel announcements due to the uncertainty caused by the coronavirus pandemic.
Correction: A previous version of this story incorrectly stated that RPC, Macfarlanes and Squire Patton Boggs had been cut from the panel.
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