Investment bank Nomura has wrapped up a review of its panel firms in Europe, the Middle East and Africa (EMEA), reappointing Osborne Clarke to its existing list of legal advisers.
Mayer Brown, Allen & Overy (A&O), Linklaters, Travers Smith and Ashurst all kept their places on the panel, which was last reviewed in 2010 (5 August 2010). The firms have been advising the Japanese bank for a number of years, with Travers Smith appointed in 2008 and Mayer Brown in 2010.
Osborne Clarke also has a lengthy relationship with the bank. The firm was appointed to advise on employment issues back in 2008, shortly after Nomura’s acquisition of Lehman Brothers Holdings’ investment banking and equities operations in Europe and Asia (6 October 2008).
However Osborne Clarke was not listed as a formal legal adviser after the next review in 2010, though the bank has been known to go off-panel when necessary.
The review is understood to have been led by European general counsel Piers Le Marchant, alongside corporate legal head Chris Barlow and company secretary Andrew Eames. The panel is understood to get reviewed every two years.
Nomura restructured its global legal team in the wake of the departure of its wholesale legal head David Graham last September (1 October 2012). Following news of his departure, chief legal officer Noriaki Nagai announced plans to relocate Yasushi Takayama, who headed group legal and Japan transactions legal teams in Tokyo, to New York, in a bid to strengthen the US legal team.
Neither Nomura or the firms provided comment.