Three of Australia’s leading law firms have stre-ngthened their roles as key advisers to AMP following an overhaul of the group’s panel of external advisers.
Clayton Utz, Mallesons Stephen Jaques and Minter Ellison have all had their roles advising the Australian wealth management giant, which has more than A$79bn (£33.35bn) in assets under management, upgraded following the review.
All three firms were previously on AMP’s panel of corporate advisers.
However, a review of legal advisers has seen the three firms replace AMP’s two previous corporate and litigation legal panels as full-service advisers. The litigation panel has been scrapped.
General counsel David Cohen, who joined AMP from Allens Arthur Robinson in 2003, led the revamp, which has also created a list of seven additional preferred firms for specialist advice. His former firm secured its place on the list, along with Australian firms Deacons, Ebsworth & Ebsworth, Gadens, Henry Davis York and Kemp Strang.
Chicago-based Baker & McKenzie was the only firm not headquartered in Australia to secure a place on the preferred list.