Axa tie-ups spark Asia-Pacific panel rejig

Axa has kicked off a review of its Asia-Pacific legal panel following April’s $13bn (£8.14bn) tie-up deal between Axa Asia Pacific, Australian wealth manager AMP and French insurer Axa SA.

The insurance giant is understood to be combining the advisers of Axa and AMP in the region with a view to reducing the total number of firms.

The process is being led by Axa Asia Pacific general counsel Brian Slater. Firms are due to pitch on 29 September and the new panel is expected to be appointed within three months.

Firms tipped to be in ­contention include Baker & McKenzie, Clifford Chance, Eversheds, Hogan Lovells, Linklaters and Norton Rose, as well as Australian firm Clayton Utz.

Axa has operated a global panel of legal advisers since 2006, overseen by group general counsel Edward Davis. It refreshed its global roster in March, reappointing Clifford Chance, Clyde & Co and Hogan Lovells ­alongside US firms Dewey & LeBoeuf, Edwards Angell Palmer & Dodge and Mayer Brown.