Credit Agricole is close to finalising its new global legal panel after a competitive tender process that kicked off over the summer, as Societe Generale begins talking to its advisers with a view to launching its own review next year.

Credit Agricole’s review is being led by Paris-based head of legal and compliance Martine Leimbach, with the results due before the year’s end. All of the firms sitting on the existing panel were invited to pitch, including Ashurst, Baker & McKenzie and Norton Rose.