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 undertook the rigorous review at the beginning of summer, enlisting an external consultant to help it review its lawyers worldwide; 13 shortlisted firms then made presentations in mid-September, with the bank finally announcing the results at the end of November.
The final four firms have all advised the bank in the past, with both Addleshaws and Dentons receiving significant amounts of work. However, all four, especially Burges Salmon and Reed Smith, which have developed relationships more recently, can expect to receive greater amounts of work following the review.
Standard Chartered is the latest of a number of banks that has undertaken a major overhaul of its legal advisers in the last 12 months. Others include the Royal Bank of Scotland, Merrill Lynch, ING and Barclays.
Standard Chartered was unavailable for comment. The firms involved declined to comment.