Addleshaw Goddard appointed to legal panel of Nationwide Building Society
Addleshaw Goddard has, for the first time, been appointed to a position on the core legal panel of Nationwide Building Society, a UK financial services provider.
The appointment follows a rigorous tender process and comprehensive review by Nationwide of its legal panel arrangements, with the core panel designed to provide full support across the range of Nationwide’s current and future legal and compliance requirements.
Addleshaw Goddard is one of only four firms to be appointed to the new panel.
The Addleshaw Goddard team is being led by corporate partner and lead Nationwide relationship partner Ben Koehne, supported by financial regulation partner Nikki Worden and finance partner Paul Salsbury.
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The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.