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DLA Piper, CMS Cameron McKenna and Freshfields Bruckhaus Deringer are among the firms to have been appointed to AIG’s new-look EMEA legal panel following a review.
AIG general counsel Chris Newby
The latest review is connected to the fact that AIG merged its European and UK businesses in December last year, transforming it into more of a Continent-wide operation. The review was led by EMEA general counsel Chris Newby.
Those appointed have completed phase one of the panel review, with phase two being a review of the quality of services offered to the team. The insurance giant is launching a London-based Legal Operations Centre (LOC), headed by legal operations director Stacey Coote, to manage the panel.
Chris Newby, AIG EMEA’s general counsel, commented: “We’re aiming to partner with fewer law firms across EMEA and build broader and deeper relationships with these firms. Our objective is to manage our law firm relationships centrally and to ensure an excellent legal service to all areas of the business - claims, underwriting and corporate.
“Having set up an excellent structure, the next stage is to improve the way we manage our legal panel. Better management information and closer working relationships will help us to drive efficiencies and, more importantly, improve quality of service. For example we may choose to adopt alternative fee arrangements connected to the delivery of business objectives. We see the potential for further consolidation in the future but we are currently focused on quality of service.”