Standard Life adds to real estate legal roster

Edinburgh-based Standard Life Investments (SLI) has added Maples Teesdale and Shepherd & Wedderburn to its real estate panel.

The two firms join Herbert Smith Freehills, Addleshaw Goddard and CMS Cameron McKenna.

Choppy waters

The new legal panel will run for five years from May 2016 and focuses on real estate, construction, planning and real estate litigation. SLI’s real estate fund has faced choppy waters since the EU referendum result, with the company suspending trading on its £2.7bn property fund on 4 July for the first time since the 2008 financial crisis.  

Ignis acquisition

The latest appointments follow SLI’s acquisition of asset management firm Ignis in 2014 for £390m, which secured an extra £59bn of assets under management for the company. It also hired Rushad Abadan from RBS as its new group general counsel last September. He replaced David Burns.

Sources: Financial Times; Legal Business

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