Slaughters and Freshfields among nine firms appointed to new government finance panel

Slaughter and May, Dentons and Freshfields Bruckhaus Deringer are among nine firms to have won places on the UK Government’s new legal panel for finance and highly complex legal advice.

The other firms making it onto the panel are Ashurst, Berwin Leighton Paisner, Clifford Chance, Hogan Lovells, Linklaters and Simmons & Simmons.

The panel is comprised of a single lot and is not tiered, meaning all suppliers will provide all core specialties. These include corporate finance, rescue, restructuring and insolvency and investment and commercial banking, among others.

Simmons will be supported by two sub-contractors – City firm Bates Wells Braithwaite for additional public and administrative law support, and Brodies for Scottish law aspects.

The appointments are for an initial two-year period from 21 August. There are a total of nine firms on the panel.

The tender process for the panel was run by the Crown Commercial Service, which deals with procurement for the government.

The new panel replaces the finance and regulation panel that was extended until 31 January 2018. Firms that were on the previous panel but are not on the new one include Addleshaw Goddard, Allen & Overy, Burges Salmon, Mills & Reeve, legacy Nabarro (now part of CMS), Pinsent Masons and Squire Sanders (now Squire Patton Boggs).

It will encompass highly complex transactions, finance, refinancing, capital markets, corporate transactions, projects, regulation and those involving innovative and strategically important transformational change.

Simmons corporate partner Charles Mayo said: “The scope of this panel will include work of notable innovation and complexity including matters that can impact on national financial stability, cover issues of national importance, or involve the management of major risks to taxpayer interests.

Dentons partner Christopher McGee-Osborne, who led the firm’s efforts to secure a place on the panel said: “This panel will be entrusted with work relating to Her Majesty’s Government’s most complex matters. Dentons has advised the UK Government for over 30 years, and our forthcoming merger with Maclay Murray & Spens means that for the first time we will offer an integrated service in Scotland.”

This panel is one of four new panels which replace the previous legal services framework. Other recently announced panels include the Government’s central £400m general legal services framework and its £50m rail legal services panel.

The major projects panel is the only remaining line-up yet to be announced.