The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
A source close to the bank confirmed that it had reviewed its panel of existing law firms as part of its corporate strategic review, which was launched in June 2011. Other firms understood to have pitched for spots include Ashurst and and US firms Milbank Tweed Hadley & McCloy, Morgan Lewis & Bockius, Sidley Austin and Skadden Arps Slate Meagher & Flom (14 July 2011).
BNP Paribas carries out reviews on a rolling basis. This is the first review that has taken place since Georges Dirani, former head of Herbert Smith’s Paris banking practice, took over as general counsel of the bank in 2010 (26 April 2010).
The appointments come after a busy 2011 for bank panels when key clearing banks such as Barclays, Deutsche Bank, Bank of America Merrill Lynch and Clydesdale Bank reviewed their legal panels.
The Royal Bank of Scotland is due to kickstart its new legal panel review this month. As revealed in The Lawyer this week, Weil is understood to be one of few firms not already on the panel that has been invited to tender for a spot. This would be a huge coup for the firm since Jones Day is currently the only US name on the bank’s legal roster (9 January 2012).