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LV= wins legal department of the year

Press release: 27/11/2012

LV= has won the award for Legal Department of the Year at the British Legal Awards.

The awards are voted for by an independent panel of judges made up of key industry figures. Entries were judged on the strength of their innovation, knowledge sharing, contracts management and monitoring, as well as how they develop expertise and tackle external spend.

The legal department at LV= has gone through significant change in the last few years increasing in size from three to 14, reducing external panel support from 38 to four and saving costs of over £1 million.

Rachel Small, LV= Group General Counsel, said: "Over the last two years we have made great strides to strengthen our in-house legal team, so it is wonderful to have the team’s hard work and achievements recognised in this way."

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About LV=

LV= employs 5500 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.