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LV= reviews corporate legal panel

Press release: 15/10/2012

Mutual insurance, retirement and investment group LV= has reviewed its corporate legal panel. The panel, which looks after business affairs for the financial group, now consists of four legal firms which will work hand-in-hand with LV='s in-house legal team.

The firms appointed to the panel are Eversheds, Bond Pearce, Clifford Chance and Norton Rose.

Eversheds was on the panel previously and looks after a range of commercial and corporate work for LV= including advice and support on major business transactions and M&A.

Eversheds acted for LV= in the outsourcing of its fund management arm to Threadneedle Asset Management last year 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, over the last few years, 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 look after a range of commercial and corporate work including regulatory affairs, insurance law and support for M&A.

The team will support the LV= in-house legal team which is headed up by Rachel Small, who was awarded runner-up in the in-house lawyer of the year category in The Lawyer's 2012 Awards in June and whose team have recently been short-listed in Legal Week's British Legal Awards 2012 for Legal Department of the Year.

Commenting on the changes, Rachel said: "Over the last two years we have strengthened our in-house legal team significantly and now is the right time to streamline the panel to ensure that those we work with are an extension of the skills we have developed within our own team. 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."

The panel will next be reviewed in two years time.

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About LV=

LV= employs over 5,500 people and serves over five million customers with a range of financial products. We are the UK's largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trades unions.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.