Cofely, a subsidiary of French energy giant GDF Suez, is to establish its first legal panel in a bid to reduce legal fees and the number of firms it deals with.
In what will be a mass reorganisation of the company’s legal services expenditure, which currently involves business managers in selecting law firms, general counsel Simone Tudor is hoping to reduce the company’s go-to law firms down to just three after a review found that Cofely had instructed 25 law firms so far this year.
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