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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Slaughter and May has been appointed to advise the Treasury on the break-up of the Royal Bank of Scotland (RBS) following a competitive pitch process.
Corporate and finance partner Nilufer von Bismarck is leading a team acting alongside financial adviser Rothschild on the RBS bad bank review announced by Chancellor George Osborne in his Mansion House speech on 19 June.
The appointment was made as part of the Government Procurement Service (GPS) panel structure, with Slaughters invited to pitch alongside other members of lot 5, which covers finance and financial regulation.
Lot 5 members were issued with the tender on 21 June, with the so-called invitation to tender clarification period running from 24 to 26 June.
Bidders’ presentations went to the selection panel chaired by Treasury Legal Adviser head Stephen Parker on 26 June, with the evaluation panel assessing firms’ proposals on the same day. The final contract was issued to Slaughters on Monday (1 July).
No appointment to advise RBS itself has been confirmed, with Linklaters widely expected to take the role for the longstanding client.
Background to this deal:
Slaughters is an established adviser to the Government on major finance projects, leading for the Treasury on the rescues of both RBS and Lloyds Banking Group (13 July 2009). Von Bismarck is also expected to guide it through the privatisation of Lloyds, but no appointments have yet been announced, with a Paul Hastings team acted for a corporate finance group that devised a plan to distribute shares in RBS and Lloyds to the public (12 June 2013).