McLaren F1 team puts Norton Rose in driving seat as firm secures global adviser mandate
Norton Rose Fulbright has becoming the first law firm to form a partnership with Formula 1 team McClaren Mercedes. The firm will work closely with McLaren Group's in-house legal team to advise on corporate and M&A, contractual and intellectual property, real estate and employment law.
January 23, 2014 at 05:31 AM
3 minute read
Norton Rose Fulbright has signed up to become the go-to global adviser for McLaren Mercedes as part of a corporate partnership which is understood to include a sponsorship deal with the Formula 1 team.
The partnership with McLaren is thought to be the first of its kind between a legal adviser and an F1 team.
As well as allowing the firm access to McLaren's training facilities, processes and professional staff, the tie-up will see Norton Rose's logo displayed on the team's pit crew suits and pit panels.
The deal will come as a blow to McLaren's previous legal advisers, including Baker & McKenzie.
Bakers' dispute resolution partner Michael Hart acted for McLaren in the 2007 'spying' row with F1 rival Ferrari. The case led to one of the biggest fines in sporting history.
Norton Rose will work closely with McLaren Group's in-house legal team to advise on corporate and M&A, contractual and intellectual property, real estate and employment law.
McLaren's relationship partners at the firm are London corporate finance partner Robin Brooks and corporate partner Oliver Stacey.
Although Norton Rose will take the bulk of McLaren's primary legal work, team may still use other firms for specialised mandates.
Both parties are also working together to develop a new joint corporate social responsibility initiative.
Norton Rose Fulbright global chief executive Peter Martyr said: "This is an exciting partnership. By becoming a corporate partner and providing worldwide legal services to McLaren Group, we aim to reinforce the importance that we place on our people's commitment to teamwork and excellence."
The firm's appointment as global legal advisor covers McLaren Racing and McLaren Applied Technologies but excludes McLaren Automotive.
The British racing team is one of the most successful in F1 history. It has won 182 Grand Prix races, achieved 155 pole positions, claimed 12 drivers' world championships and eight constructors' championships.
Its current roster of drivers includes former world champion Jenson Button.
In 2009, Sidley Austin and Taylor Wessing were among a host of top firms mandated as eight F1 teams threatened to break away and set up their own series as a result of a dispute with the motorsport's governing body, Federation Internationale de l'Automobile (FIA), over budget capping. Baker & McKenzie were understood to be advising McLaren at the time.
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