Investment bank Nomura is undertaking a review of its preferred roster of law firms in Europe, the Middle East and Africa (EMEA).
The firm does not operate a rigid panel system and instead works with a group of preferred supplier law firms. The review is being overseen by co-European general counsel Mark Chapman and Piers Le Marchant and is due for completion by the autumn.
A similar review was conducted in October 2008, shortly after Nomura’s acquisition of Lehman Brothers Holdings’ investment banking and equities operations in Europe and Asia (6 October 2008).
Dewey & LeBoeuf, Norton Rose and Travers Smith were added to the roster, joining previous members Allen & Overy, Ashurst, Freshfields Bruckhaus Deringer, and Linklaters. SJ Berwin and Osborne Clarke currently advise the company on employment issues.
The number of preferred supplier firms is expected to be expanded as a result of the company’s increased activity in the EMEA region following its 2008 acquisition.