Deutsche Bank unveils revamped global panel

White & Case is among a raft of firms to be reappointed to Deutsche Bank’s global legal panel following a review of the German banking giant’s list of advisers.

The US firm is understood to have regained its place on the panel after the Frankfurt-headquartered bank completed its rejig of the roster towards the end of September.

Allen & Overy (A&O), Clifford Chance, Latham & Watkins and Linklaters are thought to be among the other advisers previously on the panel, which contains a vast number of firms globally.

Deutsche looks at the global panel on a frequent basis, with the last formal review taking place two years ago. It first mooted launching an international cost-cutting panel in 2002 (18 February 2002).

It last reviewed its London panel just over a year ago, adding Ashurst, CMS Cameron McKenna, Hogan Lovells and Simmons & Simmons alongside existing members A&O, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters, Slaughter and May and White & Case (24 March 2011).

The bank recently appointed a new German and Central and Eastern Europe general counsel after the exit of incumbent Arne Wittig prompted a restructuring of the legal department (31 August 2012).

A Deutsche Bank spokesperson said: “We can confirm that we’re reviewing the panel. That is something we do on a regular basis.”

The move follows banking rival HSBC’s decision to add three US firms – Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown – to its global panel this summer (6 September 2012).

For more on Deutsche’s and Barclays’ legal panels, see feature