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Baker & McKenzie and DLA ally Philips Fox have scooped places on the global legal panel of Australian banking giant ANZ along with Australia’s big six.
ANZ conducted a wholesale review, expanding its roster of external counsel from nine firms to 32.
The new panel includes all of the big six Australian firms: Allens Arthur Robinson, Blake Dawson Waldron, Clayton Utz, Freehills, Malleson Stephen Jacques and Minter Ellison.
Baker & McKenzie and DLA Piper Rudnick Gray Cary alliance partner Philips Fox also have places on the panel, and are expected to compete with the large Australian firms for international work.
ANZ group general counsel Tim L’Estrange said: “We have almost 300 regular users of external legal services within ANZ. The new approach moves away from the convention of a small number of larger firms and provides our business users with a greater choice of firms, including specialist and lower cost providers, which will be better suited to their needs.”
The bank’s last review in 2000 saw it appoint six firms for general advice, and three specialist firms.
ANZ is also to introduce an e-billing and information management system to track its external spend.
The system is expected to save on costs, and includes a formalised rating system based on internal feedback.
Other firms on the ANZ panel include: Arnold Bloch Leibler, Bell Gully, Butler McIntyre & Butler, Corrs Chambers Westgarth, Cosoff Cudmore Knox, Deacons, Dibbs Abbott Stillman, Gadens, Hall & Wilcox, Henry Davis York, Home Wilkinson Lowry, Justitia, Kemp Strang, Lander & Rogers, MacDonnells, Maddocks, Marshalls, Middletons, Nicol Robinson, Halletts, Pacific Legal Network, Piper Alderman, Sparke Helmore, Ward Keller and Wheatleys Legal.