With two rebrands in the company’s recent history, AIG has undergone a lot of change in a relatively short period of time. AIG general counsel Chris Newby’s interview with The Lawyer explains how the firm is moving away from its restructuring focus and how it engaging with its panels.
As EMEA general counsel, Newby has handled two reviews of the company’s UK legal panel and has recently created its first European panel made up of 64 firms. This is no small achievement for a man who has only held the position for three years, but already he is looking to make the most out of the panel firms he uses. One of the ways he looks to do this is through a number of internal training schemes designed to help the firms understand how AIG operates.
AIG’s operates a two-year panel review cycle and although Newby says he does not see any reason to reduce the number of firms further, he does believe he has a responsibility to explore different panel structures.
Also on TheLawyer.com:
- Network Rail hit £13.3m in legal costs in 2013/14, with Eversheds and Addleshaw Goddard emerging as top earners in the first financial year after a panel review reduced the roster to eight firms
- Outgoing Nomura International CEO Jeremy Bennett said in-house lawyers should aim at taking on more influential roles in an interview kicking off The Lawyer General Counsel Strategy Summit last week
- Publishing company Springer Nature has named Macmillan Science and Education GC Rachel Jacobs as its new general counsel following the merger of the two companies
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