Legal Business

Three steps forward… will Tyco-style deals ever sweep the market?

As infrastructure giant Balfour Beatty signs up Pinsent Masons as its sole legal adviser for general matters, Legal Business asks why the trend for single-supplier deals hasn’t really taken off yet.

The single-supplier legal advisory model pioneered by Tyco International has resurfaced yet again. In April, infrastructure giant Balfour Beatty announced a radical overhaul of its panel arrangements, selecting Pinsent Masons as its sole adviser for all its ‘business as usual’ legal work. The three-year contract with Pinsents, which was agreed for an undisclosed amount, will cover all repetitive and predictable legal work that the firm faces on a daily basis.