London investment management group Schroders has finalised its first global law firm panel with 11 advisers in line for a share of its estimated £10m annual legal spend.

The firms are: the UK’s Simmons & Simmons, SJ Berwin, Allen & Overy (A&O), Slaughter and May, Berwin Leighton Paisner, Eversheds, Linklaters, US firms Shaw Pittman and Ropes & Gray, Hong Kong firm Deacons and Luxembourg-based Elvingers.