Slaughter & May’s Big Day – Northern Rock Cracks Open The Cash – Northern Rock cracked, but Slaughter and May cracked the bigger one with fees of £32.9m, according to a National Audit Office (NAO) report. S&M won the mandate, as if you could forget, for the restructuring of Northern Rock charlierandallback in September 2007. The S&M team, lead by Charles Randell acted on NR, as well as a slew of banks hit by the financial crisis, including RBS, Lloyds TSB and HBOS. Reports the NAO report: the firm “provided high quality advice on the handling of the crisis at Northern Rock, and the firm’s experience was seen as significant if similar problems arose at other banks”. See:ScreamingLawyer

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