Magic circle firms make it onto ING global panel

Giant Dutch financial services organisation ING is in the final throes of setting up its global banking panel, with four UK magic circle firms understood to have been successful.

At the time The Lawyer went to press last Friday (12 September), Allen & Overy, Clifford Chance, Freshfield Bruckhaus Deringer and Linklaters had all seen their places on the panel confirmed.

The bank is also planning to set up separate regional panels for domestic banking work in the countries where it is most active, including the Netherlands and the UK.

ING already has an eight-firm Dutch panel, which it is understood will be included in the upcoming set of regional reviews.

ING started the global banking review in May following the appointment of Euronext Amsterdam managing director of legal Jan Willem Vink as group general counsel.

The bank decided to form the banking panel last November, but the process was set back when the former general counsel, Diederik van Wassenaer, moved to another role within the group.