Finance

Ex-Jefferies, Octopus GC looks to shake up legal panel at Reach

The new general counsel of Daily Mirror and Daily Express-owner Reach has launched a review of the company’s legal advisers.

Parisha Kanani joined Reach as its most senior lawyer last year from investment management company Octopus Investments where she was group general counsel. She was previously general counsel at Commonwealth Bank of Australia and associate general counsel at investment bank Jefferies.

A Reach spokesperson said the company was working with procurement company Proxima on selecting its first three-year law firm panel, launching in January 2022.

READ Sign up for FN Law — our new weekly newsletter on the City’s legal sector

The spokesperson said: “The Reach legal team, led by GC Parisha Kanani and supported by Proxima, are in the process of selecting their first legal advisory panel to support Reach for the next three years as it successfully continues on its digital growth strategy.

“Reach is looking to select a panel of multi-service firms who will bring a much enhanced level of commerciality and problem solving to the work they conduct for Reach and will form strong trusted adviser relationships over the term of the panel.”

Reach was known as Trinity Mirror until 2018 when it rebranded following its £127m acquisition of Express owner Northern & Shell.

Norton Rose Fulbright and Hogan Lovells acted for Trinity Mirror on that deal, with Rosenblatt acting for longstanding client Richard Desmond’s Northern & Shell on the disposal.

Reach has also regularly turned to RPC for litigation advice, with the firm representing the group on a series of phone hacking cases.

READ Freshfields loses two private equity partners as Kirkland swoops again

In its accounts for the year to 27 December 2020, the company made a provision of £23m in relation to potential legal claims “arising from suspected phone hacking and unlawful information gathering in the past”.

Other law firms to act for Reach include Foot Anstey on media law and Levy & McRae on Scottish litigation.

To contact the author of this story with feedback or news, email James Booth

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button