Shell moves to ‘appropriate’ fee arrangements for all matters following panel review

Shell moves to ‘appropriate’ fee arrangements for all matters following panel review

Royal Dutch Shell has implemented a rule that all new legal matters must be priced using ‘appropriate’ fee arrangements (AFAs), following the oil major’s most recent panel review in April 2016.

AFAs, which include capped fees, fixed fees and contingency fees, have been in place for all litigation work since June 2014, but now apply to all legal matters. In addition, every piece of work will be put out to tender to three or more panel firms.

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A buyers’ market – The trends and traumas in adviser reviews

A buyers’ market  – The trends and traumas in adviser reviews

The trend for reduced panels has seen law firms put through their paces by clients eager to drive innovation and control spend. Legal Business reviews the reviews

In-house teams may have grown in size and stature over recent years, but their external adviser panels are definitely shrinking. As a result, law firms find themselves increasingly at the sharp end during adviser reviews (see box ‘Cutting back’, below), with clients pushing for better rates, greater efficiencies and added extras.

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New Johnson Controls EMEA legal head to review Eversheds sole adviser deal following restructure

New Johnson Controls EMEA legal head to review Eversheds sole adviser deal following restructure

David Symonds, EMEA general counsel (GC) for merged entity Johnson Controls International (JCI), is leading a restructure of the company’s legal function following the completion of the $16.5bn combination of Johnson Controls and Tyco International in September. Continue reading “New Johnson Controls EMEA legal head to review Eversheds sole adviser deal following restructure”

QBE reviews UK panel following appointment of global GC

QBE reviews UK panel following appointment of global GC

Australia’s largest global insurer QBE is to launch a review of its UK claims panel, following the appointment of a new group general counsel (GC) earlier this year.

One partner, whose firm is tendering for the panel, told Legal Business that while the terms of engagement were not yet clear, the review was ‘imminent’. QBE refused to comment on the process.

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Shell starts panel review as BG Group legal team undergoes post-acquisition restructure

Shell starts panel review as BG Group legal team undergoes post-acquisition restructure

Shell external roster set to dominate reconfigured in-house department

Royal Dutch Shell has kicked off a review of its external legal roster after finalising its £47bn takeover of BG Group last month and as their existing panels come to an end. As a result of the takeover, the second-largest energy deal on record, both companies will overhaul their legal divisions.

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