The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
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.
The bank’s head of legal for Europe and worldwide, Frédéric de Brouwer, completed final negotiations with nine firms for SocGen’s global panel this week. The successful firms have been chosen for their quality, geographical coverage and price.
Although Herbert Smith and Dentons both lost their places on the global panel, there was some comfort as both firms were listed on SocGen’s UK panel. They are joined by new appointment CMS Cameron McKenna and existing adviser Watson Farley & Williams.
De Brouwer also announced a French panel, comprising new appointments for Dentons, Jones Day and Paul Hastings Janofsky & Walker alongside existing adviser DePardieu Brocas Maffei. SocGen has a prior relationship with Moquet Borde, which merged with Paul Hastings in January 2004.
The panel review began in July last year when 25 firms were asked to pitch for work. The successful few will share in SocGen’s £50m annual legal spend, although part of the motivation for the review was to cut costs.
De Brouwer told The Lawyer: “We want to rationalise legal expenditure by having a list of local firms. I think it was a fair process and the firms have been extremely cooperative.”
A number of smaller, specialist panels are yet to be finalised. These include lists of advisers in other jurisdictions as well as panels for high-yield work, securitisation, M&A, aviation and shipping finance and competition law.