Barclays is launching the second phase of its global panel review, with the bank this week to send out a tender document to law firms across Europe, the Middle East and Asia-Pacific.

The review, which is being led by Barclays Capital EMEA general counsel Erica Handling and Barclays deputy group GC Michael Shaw, comes just over a month after Barclays concluded a three-month review of its roster of external advisers in the US and UK.