A host of law firms are seeking a place on a lucrative new legal
panel currently being put together by Angel Trains.
Mid-sized and even smaller firms could well gain positions on
the panel which until now has largely been dominated by magic
circle and larger firms.
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Historically, a centralised procurement arm of RBS, which sold
Angel to a consortium led by the investment firm Babcock &
Brown in 2008, decided which law firms the rosco could use. The
current review is the first time this process has been done by
Angel itself.
George Lynn, Angel’s finance director, told Leasing
Life: “Being part of RBS you could only have RBS selected
panel of people as lawyers. Anything you bought in from RBS went
via a central procurement, we weren’t involved ourselves.”
Commenting on the reason for the new panel, Lynn said: “It was
just something we needed to have done having come out of RBS
ownership.”
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