Burges Salmon one of only five firms on Nationwide's first general legal panel
20 July 2009
Nationwide officially launched its first general legal panel on 13 July. After a rigorous selection process between November 2008 and May 2009, we were announced as one of the final five, alongside Allen & Overy, Eversheds, Nabarro and Olswang. The firms met with Nationwide at an inaugural External Lawyers Conference in London to discuss expectations and objectives for the year.
Whilst, in the past, Nationwide has had good relationships with its external legal advisers, this was the first time that these relationships had been formalised to enable Group Legal to have proper oversight of all legal advice given to the Nationwide Group.
Some of the more specialist areas in the Nationwide Group (including Commercial Property, Lending Control and Commercial Lending) already have established panels and these were not reviewed as part of the tender.
Partner Paul Haggett said:
"I'm delighted that we have been appointed to Nationwide's panel as one of only five firms appointed. We have been working with Nationwide for over 17 years. This is a great opportunity for us to take one of our key, established client relationships to the next level."
Liz Kelly, General Counsel for Nationwide commented:
“Like many in-house teams, we had to re-align ourselves with the business (and its new strategy) to ensure that we could continue to provide high quality and relevant advice. We took a risk-based approach to determine what to retain in-house and what would be supported by external firms so that the in-house function could concentrate on more significant work where we can add the greatest value.”