GE appoints CC and Ashurst to Europe adviser roster
General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles, including Clifford Chance and Ashurst. DLA Piper, Weil Gotshal & Manges and Baker & McKenzie are also among the firms appointed to GE's 80-firm roster.
July 02, 2009 at 10:51 AM
2 minute read
General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles, including Clifford Chance and Ashurst.
DLA Piper, Weil Gotshal & Manges and Baker & McKenzie are also among the firms appointed to GE's 80-firm roster, along with CMS Cameron McKenna and all of the other eight European firms in the CMS network.
The panel review has been ongoing for more than 18 months, with firms making their first pitches in 2007.
The roster is split into a range of specialist sub-panels, but excludes M&A, for which GE has a separate panel.
Sub-groups included in the latest review include finance, real estate, dispute resolution, general commercial, competition and labour and employment.
Pinsent Masons' ally Salans has been appointed to most of the sub-groups in Eastern Europe, while other firms thought to have won positions on the panels include Allen & Overy and Norton Rose.
The roster also includes a large number of continental European firms, including Slaughter and May ally Hengeler Mueller.
GE's panel review was initiated by former European general counsel Mark Elborne but finalised by Hendrik Bourgeois, who was appointed as Elborne's successor in April this year.
By that point GE had already decided that it would be slashing the panel from around 270 firms to 80, but was still in discussions with 20 firms over differences in cost expectations.
One partner with a panel law firm said: "I think the idea behind the panel review was to get their fees fixed. Firms have been able to apply to be in a room and bid with a fee quote."
GE's European M&A panel comprises a significantly smaller number of firms, including A&O, Ashurst, Slaughter and May and Weil Gotshal. GE's global legal team comprises more than 1,000 lawyers worldwide and has an estimated legal spend of £30m in UK alone.
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