Metro Bank seeks top 10 for lending and securities panel

Challenger high street banking chain Metro Bank has kicked off a panel review, which seeks to appoint just 10 lending and securities panel advisers by the end of the year.

Despite the bank’s general counsel Sally-Ann James playing her cards close to her chest while the review is in progress, Eversheds and Hill Dickinson have already emerged as likely contenders for positions, as we report this morning.

Metro Bank has other legal panels which a spokesperson says are not currently under review. It is believed that Travers Smith, Pitmans and Fladgate are among the banks other regular advisers.

Stephen Miles’ recent move from Pinsent Masons to DWF as commercial services chief executive may well have spelt the end of Pinsents’ relationship with the bank – DWF has already publicly stated it recently took Metro Bank on as a client.

The question is, with Metro Bank punting itself out as the bank that’s open all hours, will its panel firms offer the same 24/7 service?

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