UK sister companies RWE npower and RWE Thames Water have completed a major review of their advisers, combining their respective legal panels and ditching a host of top firms along the way.

The new panel, announced this week, consists of national firms Osborne Clarke, Bond Pearce, Clarks and Pinsent Masons. Linklaters has also held onto its top-tier position and will continue to advise on large corporate deals.