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.
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