Crest Nicholson has launched its first formal legal panel, constructing a three-in-one panel formation to cover the different areas of the property developer’s business.
Around 30 firms have a place on the panel, including CMS Cameron McKenna, Davies Arnold Cooper and Denton Wilde Sapte. Other firms known to have advised Crest Nicholson in the past include Campbell Hooper, DMH Stallard and Withy King Solicitors.
Crest Nicholson has split its panel into three parts: A, B and C. Panel A covers initial transactions such as plot sales; panel B deals with acquisitions and disposals, planning and joint ventures; while Panel C is designated for what are deemed specialist areas, such as employment, copyright, IP and litigation.
Each firm may feature in more than one of the sub-panels, depending on its area of expertise. The panel will be used by each of Crest Nicholson’s seven regional companies.
Paul Callcutt, Crest Nicholson’s executive director, told The Lawyer that the developer had decided to set up its first panel as part of a review of the law firms it uses as well as it being a quality control exercise. Each of the company’s regional subsidiaries has autonomy in choosing which firm it instructs. “We wanted to make sure that there were common values across the law firms used by Crest and that we have the right level of legal resources open to us,” he said.