Schroders is poised to announce its first- ever global law panel with approximately 10 firms in line for a share of the fund management group’s estimated £15m annual legal spend.

The firms expected to be installed on the panel are: Simmons & Simmons, SJ Berwin, Allen & Overy (A&O), Slaughter and May, Berwin Leighton Paisner, Eversheds, Linklaters, Shaw Pittman, Boston-based Ropes & Gray, Hong Kong firm Deacons and Luxembourg-based Elvingers.