Dutch banking giant ING is drawing up a series of local panels across Europe, it has emerged, while its global panel is also coming up for review.

The bank’s global legal advisers, Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters and Lovells, are due to see their three-year terms on the panel end this summer and the bank is expected to informally review the relationships.