Private equity giant 3i has overhauled its coveted City panel, appointing individual lawyers in place of firms, in an innovative move for the sector.

The FTSE 100 buy-out house has named Macfarlanes partners Ian Martin and Charles Meek, Travers Smith Braithwaite corporate head Chris Hale and Lovells private equity chief Marco Compagnoni and fellow partner Derek Baird on the panel.