BP has selected nine firms to provide niche legal services as part of its wider panel. Firms appointed are Baker & McKenzie, Fieldfisher, Hill Dickinson, Holman Fenwick Willan, Reed Smith, Stevens & Bolton, Sullivan & Cromwell, Watson Farley & Williams and arbitration boutique Three Crowns.
Continue reading “BP announces specialist panel with Fieldfisher returning to the fold”
US firms find success as preferred advisers
Barclays has turned to a raft of US firms, including Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins, for its preferred legal advisers as its latest panel review sees the banking group cut its legal roster by around 30% and move to a streamlined two-tier system of ‘preferred’ and ‘approved’ firms.
Continue reading “Barclays cuts legal roster by 30% in global panel review”
Barclays has turned to a raft of US firms, including Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins, for its preferred legal advisers as its latest panel review sees the banking group cut its legal roster by around 30% and move to a streamlined two-tier system of ‘preferred’ and ‘approved’ firms. Continue reading “Barclays cuts legal roster by 30% in global panel review as American firms find success”
Big six energy giant SSE has set up an inaugural seven-strong law firm panel following an ‘extensive selection process’.
Freshfields Bruckhaus Deringer, Addleshaw Goddard, CMS, Osborne Clarke, Gillespie Macandrew, Thorntons and Kennedys have been appointed to advise across various legal disciplines, including but not limited to construction, property, finance, litigation and corporate. Continue reading “UK big six energy giant SSE announces seven-strong inaugural legal panel”
Energy giant seeks increased transparency in bidding process with new online element
BP has introduced a reverse auction into its latest panel tender process, an announcement which came in the same week the energy giant lost an appeal to restrict access to its $20bn compensation fund for the Deepwater Horizon disaster. The FTSE 100 company confirmed on 22 May that it has issued invites to existing and potential panel member firms, and revamped the process with the introduction of an online reverse auction element to make the bidding process more transparent, quicker and efficient.
Continue reading “BP brings in reverse auction as it pushes ahead with panel review”
BP has introduced a reverse auction into its latest panel tender process, an announcement which comes in the same week as the energy giant lost an appeal to restrict access to its $20bn compensation fund for the Deepwater Horizon disaster. The FTSE 100 company confirmed this morning (22 May) that it has issued invites to existing and potential panel member firms, and revamped the process with the introduction of an online reverse auction element to make the bidding process more transparent, quicker and efficient. Continue reading “BP brings in reverse auction as it pushes ahead with panel review”
Lloyds Banking Group (LBG) has almost finalised its inaugural customer-pay panel with key spots allocated so far to firms including Hogan Lovells, CMS Cameron McKenna, Addleshaw Goddard and Osborne Clarke. Continue reading “Lloyds inaugural customer-pay panel sees places for Hogan Lovells; CMS; Addleshaws and Osborne Clarke”
The Crown Estate has halved its rural and coastal portfolio and Windsor Estate legal panel from four to two, re-appointing Burges Salmon and Bond Dickinson but not Clarke Willmott or Thomas Eggar, the sovereign property portfolio announced today (1 April 2014). Continue reading “Crown Estate halves coastal and rural property panel with appointment of Burges Salmon and Bond Dickinson”
Energy giant BP, which has paid around $1bn in external legal fees in relation to the Gulf of Mexico oil spill in 2010, has announced a review of its UK law firm adviser line-up.
Firms have been asked to tender for a place on the FTSE 100 company’s new roster, pending the expiry in May of a three-year panel put in place in 2011. The review will be completed towards the middle of 2014.
Global drinks brand Diageo has appointed Slaughter and May, Addleshaw Goddard and Pinsent Masons as its ‘general preferred suppliers’ for the UK following a four-month long review. Continue reading “Diageo’s consolidated panel unveiled as Slaughters, Addleshaws and Pinsents win a place”
