Clydesdale launches panel review

The past 12 months have seen a welter of significant corporate panel reviews. Sainsbury’s, Lloyds Banking Group and the Pension Protection Fund have all revamped their rosters in recent months.

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.

Also on The Lawyer:

  • E-commerce giant Amazon is bulking up its legal capability in Europe, with lawyers from Allen & Overy, Eversheds and Moneygram the latest to join
  • Osborne Clarke’s turnover shot up by more than a quarter in 2013/14, from £112m to £142m, setting all staff members up for a 2 per cent bonus
  • In our weekly Moves round up there are new partners for DAC Beachcroft, McGuire Woods and Simpson Millar and many more
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