FTSE250 gambling group GVC Holdings Plc has completed its first-ever ‘legal panel’ to strengthen corporate counsel across all operational disciplines.
Marked as a key directive, GVC governance undertook the development of its first legal panel to represent the firm’s enlarged identity and global growth ambitions.
A corporate strategy primarily adopted by large-scale enterprises, legal panels see companies strengthen their counsel resources by forming a diversified group of legal advisors to serve the company’s interests and development.
Legal news source Law.com revealed that GVC’s project was led by Group Legal Director Michael Leadbeater, who has developed a panel of ‘global expertise and clout’.
GVC’s panel is formed of 11 law firms, who will advise the FTSE betting group for a period of three years. The law firms as reported by Law.com are:
- Clifford Chance
- Slaughter & May
- Addleshaw Goddard
- Charles Russell Speechlys
- Clyde & Co,
- Gowling WLG,
- Mishcon de Reya
- Reed Smith,
- Harold Benjamin.
GVC’s first legal panel is established as the FTSE firm adopts new governance procedures reflecting the firm’s global outlook. This February, GVC investors approved the transfer of the firm’s corporate control functions from the Isle of Man to London, allowing governance to hold meetings in the UK.
Further 2020 changes saw former Littlewoods Chief Executive Barry Gibson begin his tenure as GVC Chairman this March.