Clydesdale Bank is the latest to launch a review, the first since general counsel Jennifer Darbyshire took on the job in 2012 and since the bank underwent a radical restructuring that resulted in the loss of 1,400 jobs.
Brodies, DLA Piper and Norton Rose Fulbright are amongst the 14 firms on the current panel. They will have to look for new ways to deliver value for money to compete with Pinsent Masons, which is understood to have been invited to tender, if they are to retain a spot.
The pressure is on.
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