If there’s anything that the large number of panel reviews this year has shown, it’s that clients are getting tougher on their advisers. Many companies have slashed the number of firms they use in a bid for greater efficiencies.
Although brewer Molson Coors has not yet announced a panel review, it is also understood to be looking at its advisers. Its relationship with debt and competition adviser Nabarro is said to be under scrutiny, three years after its last review.
The news comes two years after Molson Coors acquired Staropramen maker StarBev and shifted its headquarters to Prague, appointing legal director Sue Albion as its new chief legal officer.
No decision has yet been made on the debt and competition spot, but one thing’s for sure – Molson Coors is far from the only company keeping the pressure on its panel firms these days.
Also on TheLawyer.com:
- Wonga’s first ever general counsel Lucy Verball has left for internet lender Funding Circle after a £2.6m compensation payout
- Germany’s Luther reported a 12.4 per cent rise in revenue for 2013/14 as revenue broke the €100m barrier
- Alibaba left Freshfields out in the cold after listing itself as the largest IPO of all time in New York
- Clifford Chance’s global chief operating officer Amanda Burton will step down after a number of leadership changes at the firm.