Linklaters, Berwin Leighton Paisner (BLP) , Ashurst, Eversheds and CMS Cameron McKenna were all re-appointed to the panel, which also featured newcomers Stephenson Harwood and Osborne Clarke, reports Legal Week.
The bank's previous panel included: Allen & Overy, Linklaters, Clifford Chance, Freshfields Bruckhaus Deringer, Hogan Lovells, SNR Denton, Norton Rose, Herbert Smith, Ashurst, Mayer Brown, Eversheds, CMS Cameron McKenna and Addleshaw Goddard.
Reducing rates
One partner at a successful panel firm told the magazine: ‘There has been a lot of pressure on reducing rates this time around.
‘In-house legal teams need to show they are keeping a close reign on expenditure because they are a cost to their business. It seems they have opted to do this by reducing the number of firms and applying tighter terms to the panel, however this should mean successful firms get more work to make it worth their while.’
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