Lovells and Herbert Smith join Slaughters on new Treasury panel

Lovells and Herbert Smith have won sought-after roles to advise HM Treasury on the stability of the financial markets. The Treasury's new three-firm panel, which also includes regular adviser Slaughter and May, has been set up to focus on legal work arising from the financial crisis. The appointments will be seen as a coup for Lovells and Herbert Smith, with the remainder of the magic circle likely to have pitched for the coveted panel spots. The Treasury said that the move to establish a panel was made in an effort to mitigate the risks of any legal conflicts on future matters, and that it was in the taxpayers' interest for the Treasury to have a wider pool of legal advisers.

Lovells and Herbert Smith join Slaughters on new Treasury panel legalweek.com Sat, Oct 31, 2009