LV= streamlines corporate legal panel

LV= has reviewed its corporate legal panel, which looks after the group’s business affairs.

The panel now comprises four legal firms (which will work hand-in-hand with LV=’s in-house legal team) as follows: Eversheds, Bond Pearce, Clifford Chance and Norton Rose.

Eversheds was on the panel previously and oversees a range of commercial and corporate work for LV= including advice and support on major business transactions.

Notably, Eversheds has acted for the mutual in the outsourcing of its fund management arm to Threadneedle Asset Management, and will continue to provide specialist funds management advice.

Bond Pearce was also previously on the panel and looks after a range of commercial and corporate work including property, litigation and IT contracts.

Clifford Chance has been providing specialist legal advice to the mutual in its role as the UK’s largest friendly society and will continue to provide such advice and support.

Norton Rose is new to the panel and will focus on a range of commercial and corporate work including regulatory affairs, insurance law and support for mergers and acquisitions.

The panel will support the LV= in-house legal team which is headed up by Rachel Small, who comments: “All four of our legal partners have a good cultural fit with our business and by working with this select few we can ensure we deliver a professional and cost effective service to the LV= business while maintaining a large enough panel to support any major transactions that may arise requiring specialist sector expertise.”

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Category: Insurance News, Legal News, LV= News