ABN Amro is poised to launch a full-scale review of its law firm roster following the appointment of the Dutch investment bank's new legal chief last year.
The panel review will be led by ABN's new global head of legal John Collins, who succeeded Laurie Adams in October 2004. Adams quit ABN last September to pursue other interests after four years with the bank.
According to a source close to ABN, the panel review could be kick-started as early as this summer, with firms being notified of the process over the coming weeks.
Commenting on the process, the source said the current panel system was always set up with a view that it would be reviewed after three years. The last time ABN carried out a review of its external legal advisers was in early 2003 by Adams.