Hewlett-Packard (HP) is set to merge its recently reviewed European panel of law firms into its worldwide roster of advisers as it kicks off a global panel review.
The technology company is understood to be reviewing firms in all of its other jurisdictions simultaneously. Sources expect its number of global advisers to be culled following a trimming of the European panel earlier this year.
Firms believed to be in contention for the global panel include Baker & McKenzie, Dewey & LeBoeuf, Drinker Biddle & Reath, Freshfields Bruckhaus Deringer, Gibson Dunn & Crutcher and Wilson Sonsini Goodrich & Rosati.
HP appointed firms to its European panel in May, with Bird & Bird winning a coveted position for the first time and other advisers, including Baker & McKenzie and Freshfields, also being appointed.
A partner close to the review process said the European roster will sit as a sub-panel within the global panel for the next term, and European advisers will then be given the opportunity to pitch for a fully merged global roster.
The partner said the global review would be “money- led”, with a greater emphasis on global bulk discounts.