Metro Bank launches review of 14-firm lending and securities panel

Metro Bank has started a review of its 14-firm lending and securities panel, with the aim of launching the new panel during the first half of 2018.

The current panel is made up of Blake Morgan, Bircham Dyson Bell, Breeze & Wyles, Cripps, EMW, Eversheds Sutherland, Herrington & Carmichael, Hill Dickinson, Howard Kennedy, Hugh James, Lawrence Stephens, MW Sols, Philip Ross and Pitmans.

The roster was first put together in 2012 and was first reviewed in 2014. The bank has five panels in total including commercial, property, employment and litigation panels.

A Metro Bank spokesperson said: “We can confirm that Metro Bank is currently reviewing its lending and securities panel and is due to review its commercial panel at the start of 2018.”

The commercial panel is currently made up of Addleshaw Goddard, Blake Morgan, DWF, Gowling WLG and King & Spalding.

The bank’s general counsel Sally-Ann James is running the review. James was head of contract and commercial at The Co-operative Banking Group until 2010. She joined Metro Bank as GC in 2012.

The bank, which was set up in 2010, is known to go off-panel and uses Linklaters as one its main corporate advisers.

Linklaters acted on a number of deals for the bank in 2016, advising on its £1.6bn float on the London Stock Exchange and its £400m equity capital raise prior to the float.