Citigroup has overhauled its external legal panels.
The Europe, Middle East and Asia (Emea) panel has been split into two tiers. The top level includes Allen & Overy (A&O), Ashurst, Beachcroft, Clifford Chance, Freshfields Bruckhaus Deringer, Herbert Smith, Hogan Lovells, Linklaters and Norton Rose. The second tier features Denton Wilde Sapte and Simmons & Simmons. In the US, the panel is divided into three tiers. UK firms included in the top tier are A&O, Clifford Chance and Linklaters, while Freshfields is included in the second level. US firms featuring in the first tier are Cleary Gottlieb Steen & Hamilton, Cravath Swaine & Moore, Mayer Brown, Shearman & Sterling and Sidley Austin.