RBS kicks off Emea panel review ahead of July start

The Royal Bank of Scotland (RBS) is carrying out a review of its Emea legal panel that will see it unveil a new roster for the region from 1 July.

The bank is currently looking at the regional panel as the list – last selected in July 2010 – expires at the end of June this year.

It covers 24 countries in which the bank operates across Emea. The news follows RBS’ appointment of a new-look UK and group panel last year in a review that saw the number of members drop 40 per cent.

Last year’s review saw Allen & Overy, Ashurst, Clifford Chance, Linklaters and Stephenson Harwood among the firms appointed (23 October 2012).

2012 was a busy year for big banks’ legal panel reviews, with Lloyds Banking Group also selecting new advisers (2 November 2012). HSBC added three US firms to its list (6 September 2012), although Barclays chose to push back its revamp by a year (14 January 2013).