Severn Trent group general counsel (GC) Bronagh Kennedy (pictured) is keeping an open mind as to how many firms will be appointed to its £8m legal panel, with Eversheds Sutherland currently the company’s sole adviser.
The FTSE 100 water company has opened a tender process for the legal panel it last reviewed in 2015, when Eversheds extended the sole-adviser mandate it has held since 2010. The existing panel covers five lots but the new panel will be divided into three, covering all the companies in the Severn Trent Group. Continue reading “In-house: Severn Trent open to extending panel beyond Eversheds’ sole-adviser role”
Freshfields Bruckhaus Deringer, Simmons & Simmons and Lewis Silkin have lost spots on an expanded Transport for London (TfL) legal panel, while the general counsel (GC) of mobile payment platform WorldRemit has left for a regtech start-up.
TfL has appointed 15 firms across eight areas – employment and industrial relations, major commercial, rail, routine commercial and real estate, housing, property and commercial development, highways and major consents, and planning – for a panel which will last four years from 1 June, with an option to extend for a further two years. Continue reading “In-house: TfL stations enlarged panel roster as WorldRemit GC exits for regtech start-up”
Legal spend is the second-largest ‘cost centre’ for £21bn global banking giant Barclays. This tantalising statement is in the bank’s 2018 Request for Quotation document, sent to law firms ahead of its final panel review this year and seen by Legal Business. The document provides detail on what Barclays describes as this ‘sizeable’ legal spend.
In the 18 months to January this year, for instance, around 35% of its legal budget was spent internally in running an in-house legal department that dwarfs many major law firms at more than 750 staff. The rest was spent externally, about half in the Americas and just over a third in the UK. Continue reading “Point break – The extreme measures of Barclays’ adviser review”
The need for a more ‘nimble and agile’ environment is driving the Royal Bank of Scotland’s (RBS) foray into the flexible lawyers market, reducing a dependence on the need for secondees from external firms.
RBS general counsel (GC) Michael Shaw (pictured) confirmed the bank has gone out to a number of flexible resourcing providers with an eye to setting up its first-ever panel in the area later this year. Continue reading “In-house: RBS to tackle peaks and troughs with flexible legal providers”