As well as advising on general corporate lending, some of the firms will also be used to provide property and security advice arising from the building society’s commercial lending operations.
The review was overseen by general counsel Liz Kelly. She said: “Throughout this review we focused on finding firms that met Nationwide’s business needs and who could provide high quality and relevant legal advice to our commercial lending customers. The new panel represents a range of firms we feel we can work closely with to provide excellent, cost effective legal support.”
The news comes after Nationwide cut 300 firms from its conveyancing panel in April.