Ashurst joins Freshfields and SNR Denton on SocGen panel
Ashurst, Freshfields Bruckhaus Deringer and SNR Denton are among the firms to win places on Société Générale’s UK panel, with Ashurst’s appointment understood to be a new client win.
The review follows a pitch process by the French banking powerhouse and sees the trio win places on the UK panel, which is a separate roster from the global panel that was last reviewed in 2011 (16 December 2011).
Allen & Overy, Clifford Chance, Herbert Smith, Hogan Lovells, Norton Rose and Simmons & Simmons were all appointed to the global panel alongside US firms Baker & McKenzie, Jones Day, Paul Hastings and Shearman & Sterling, French firm Gide Loyrette Nouel and the legal limb of PricewaterhouseCoopers.
The bank drew up a separate French panel on which a mixture of French, UK and US firms won places.
Société Générale was not available for comment.
Readers' comments (4)
Anonymous | 10-May-2012 6:33 pm
Why is it "understood" to be a new client win? It either is or it isn't. This is shoddy journalism.
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Journalist | 11-May-2012 9:33 am
awww looks like somebody (or somebody's firm) isn't too happy here
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Anonymous | 11-May-2012 12:14 pm
Anonymous@6.33pm.
You are obviously correct that it either is or is not a "new client" for Ashurst, but if The Lawyer does not actually know one way or the other but believes that it probably is, it is hardly "shoddy journalism" to say "understood".
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ben | 13-May-2012 8:23 am
I used to work with one of those firms on SG's panel and can attest that being on their panel means having the right to receive RFP to compete against fellow panel firms for $10,000 mandates...
SG has completely twisted the spirit of what "panel firms" are, i.e. preferred partners.
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