Slaughters will advise the Treasury alongside Goldman Sachs in the high-profile crisis surrounding the
Freshfields, meanwhile, has secured a role advising the bank, with the firm’s team led by its co-head of worldwide financial institutions, William Lawes, and head of structured finance Alan Newton.
The firm is a regular adviser to the Newcastle-based institution, advising on its acquisition of Legal & General Bank and Legal & General Mortgage Services in 2001.
It emerged last week (25 September) that Northern Rock had received a number of approaches for divisions of the bank. Interested parties are believed to include
Fellow fund Citadel — which has been advised by Allen & Overy in the past — and a group of Spanish investors lead by entrepreneur Jose Maria Ruiz-Mateos are also thought to be interested.
Slaughters’ role comes as it emerged last week that the