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Lloyds cuts core legal panel to eight after review

By Victoria Basham

17 October 2016 at 09:08 BST

Lloyds Banking Group has finalised its UK legal panel review, and DLA Piper and Norton Rose Fulbright have lost their places.


Addleshaw Goddard, Allen & Overy, Ashurst, CMS Cameron McKenna, Eversheds, Herbert Smith Freehills, Hogan Lovells and Linklaters have retained their places. A Lloyds spokesperson told LegalWeek that the  panel would include eight firms  designated as ‘core’ which were able to offer either alternative resourcing options, technology solutions and/or the ability to offer a wide range of complex legal advice.


Lloyds last conducted a full panel review in August 2014, with panel appointments historically lasting for two years. The bank has also confirmed it will unveil its UK legal sub-panels later this year, having last completed a review of its 16 sub-panels – including restructuring, insurance, group property and financial services – in December 2014.


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