Royal Mail has finished its first panel review since the company’s IPO last year, sending DAC Beachcroft and CMS Cameron McKenna acceptance letters but dropping Bond Dickinson from its 15-strong roster (see the story here).
In a marked contrast to a number of other recent panel reviews, where the trend has generally been to cut firms from the roster, the Royal Mail has increased the number of its advisers.
When legacy Beachcroft, legacy Bond Pearce and CMS were appointed in 2010 that was after the company slashed its roster from 10 to three – although Slaughters, not formally appointed to the panel, continued to advise.
Winners on the expanded panel this time around are a diverse bunch, ranging from Dentons, DLA Piper and Herbert Smith Freehills to smaller outfits such as media specialists Michael Simkins and corporate liability firm Strata Solicitors.
With the panel sealed after an extensive tender process, Royal Mail general counsel Neil Harnby can now focus on the delivery of new diversity initiatives and the distribution of the company’s general and specialised legal work.
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