Barclays rejects merged entity Addleshaw Goddard

The merger of Addleshaw Booth & Co and Theodore Goddard has received a setback following its failure to secure a place on the Barclays general advisory panel.

Addleshaw Booth & Co had been in the running for a place, but is understood to have missed out because of concerns at Barclays about the merged entity, Addleshaw Goddard.

Freshfields Bruckhaus Deringer, which was provisionally added to the panel, also missed out, after Barclays decided to keep Allen & Overy, Clifford Chance, DLA, Linklaters, Lovells and Simmons & Simmons as its principal advisers for another two years (first revealed on www.thelawyer.com/lawyernews 9 June).

Meanwhile, Ashurst Morris Crisp, CMS Cameron McKenna, Sidley Austin Brown & Wood, White & Case and Wragge & Co have all won new places on the eight specialist panels (see box). The move is a coup for Wragges, because it is the firm’s first private equity panel appointment since it launched a private equity practice in London late last year. Wragges head of private equity Maurice Dwyer said: “This gives us a fantastic opportunity to get to know Barclays Private Equity in London.”

Meanwhile, as reported in The Lawyer last Monday (9 June), Barclays’ HR and commoditised products panels will be disbanded on 30 June, with the work of the panels being subsumed into the bank’s other panels.

The review was run at Barclays by business banking general counsel Alex Cameron.

Who made what panel?
General advisory panel
Allen & Overy
Clifford Chance
DLA
Linklaters
Lovells
Simmons & Simmons
Private client panel
Addleshaw Goddard
Allen & Overy
Freshfields Bruckhaus Deringer
Halliwell Landau
Lovells
Simmons & Simmons
Withers
Barclays Capital structured tax panel
Allen & Overy
Clifford Chance
Freshfields Bruckhaus Deringer
Linklaters
Slaughter and May
Barclays Capital securitisation panel
Allen & Overy
Clifford Chance
Freshfields Bruckhaus Deringer
Linklaters
Sidley Austin Brown & Wood
Weil Gotshal & Manges
Business banking lending and finance
Addleshaw Goddard
Allen & Overy
Barlow Lyde & Gilbert
Berwin Leighton Paisner
Bond Pearce
Boyes Turner
Clifford Chance
Davenport Lyons
Denton Wilde Sapte
Dickinson Dees
DLA
Eversheds
Fennemores
Hammonds
Linklaters
Lovells
Osborne Clarke
Pinsents
Richards Butler
Rollits
Simmons & Simmons
SJ Berwin
Taylor Walton
Ward Hadaway
White & Case
Wragge & Co
Barclays Private Equity Panel
Infrastructure work:
Ashurst Morris Crisp
CMS Cameron McKenna
Herbert Smith
Management buyout work:
Addleshaw Goddard
Clifford Chance
DLA
Eversheds
Osborne Clarke
Pinsents
SJ Berwin
Wragge & Co