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(From The Lawyer)
Slaughter and May will have to share its role with Linklaters as principal corporate adviser to Legal & General (L&G) following the completion of a radical review of the FTSE 100 insurance company's UK law firm panel.
Linklaters has won L&G as a new corporate client after scooping a place on the panel. The appointment is a coup for the magic circle firm as historically Slaughters has had a monopoly over L&G's big-ticket corporate work.
Last year Slaughters advised L&G on the insurer's GBP785.9m deep discount rights issue, the first in the UK for almost 20 years, and on its GBP2bn euro note issue.
The review, conducted by …