find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Real Estate & Projects Lawyer (6+ years PAE)
Category: Property Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier firm with offices nationally · High profile clients
View details
Aussie bank cuts law firm line-up

Aussie bank cuts law firm line-up

Bank of Queensland

The Bank of Queensland has announced a new panel arrangement that will dramatically reduce the number of firms it uses.

Earlier this week, the BOQ launched a new group-wide legal panel selected via a competitive tender process.

Under the arrangement, the bank will reduce the number of firms it works with by 57 per cent.

A number of global firms were named to the panel of general advisory firms, namely Allens Linklaters, DLA Piper, Herbert Smith Freehills, Jones Day, King & Wood Mallesons and Norton Rose Fulbright.

Large national firms were also well represented, with DibbsBarker, Henry Davis York, McCullough Robertson, Mills Oakley and Thomson Geer rounding out the general advisory list.

In addition, a further four firms were appointed to three discrete specialist areas of the bank: Allen & Overy, Cooper Grace Ward, Gadens and Macpherson Kelley.

BOQ general counsel Michelle Thomsen said using a smaller group of providers would allow BOQ to deepen its relationships and "concentrate spend".

"Our selection process focused on a choice of panel firms to meet our diverse needs, with a broad range of expertise and the in-depth knowledge of BOQ required to support our business," she said.

"We also focused on the ability to deliver innovation and ‘outside the box’ thinking when it came to pricing to provide value."

According to Ms Thomsen, “superior levels of customer service” were also a major factor in the firms that were selected.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Aussie bank cuts law firm line-up
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...