Lend Lease reviews panel as construction group seeks to drive down legal spend
Lend Lease has revamped its roster of legal advisers after asking its go-to advisers to reduce their rates.
March 26, 2014 at 05:37 AM
2 minute read
Lend Lease has revamped its roster of legal advisers after asking its go-to advisers to reduce their rates.
The construction giant's first panel review since 2007 has seen Nabarro added to its stable of firms.
Firms were asked to re-tender for the panel late last year, and directed to offer lower rates, following an internal review of legal spend at Lend Lease.
The company's preferred firms now include Linklaters, Eversheds, Pinsent Masons, Herbert Smith Freehills, DAC Beachcroft, DLA Piper along with newcomer Nabarro.
The panel was first established in 2004, when Allen & Overy was also among its advisers. However, the magic circle firm was not included following the 2007 review.
A client partner at one of the panel firms said: "Last year the departing COO wanted to cut the number of firms on the panel putting the GC under lots of pressure to downsize. The legal team didn't want to do this so rather than cut back, the existing firms were asked to re-tender and offer better value for money, which we did."
Before the review a number of senior figures at Lend Lease left the business. These included senior legal counsel Alistair Cutts. Lend Lease EMEA general counsel is Patrick Gloyens.
Nabarro earned its place on the refreshed list after the firm won several mandates for Lend Lease including a lead role on a £1.3bn Olympic legacy development project in Stratford City.
Construction of the International Quarter project – a joint venture between Lend Lease and rail company London & Continental Railways (LCR) – included four million sq ft of office space, a new hotel and 350 homes. The project was led by Nabarro real estate head Ciaran Carvalho.
Meanwhile, Lend Lease instructed Slaughter and May to advise on its negotiations with the Olympic Delivery Authority (ODA) to develop the £2bn Olympic Village at Stratford City.
The magic circle firm also advised Lend Lease Europe on its facilities management agreements for the village and for Olympic Park infrastructure with the ODA. In March it was announced that Slaughters client relationship manager for Lend Lease Dermot Rice was joining property developers Candy & Candy as a director.
Despite not being on the panel, it is understood that Slaughters will continue to act for Lend Lease.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
HSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice
LexisNexis Responds to Canadian Professor’s Criticism of Lexis+ AI
CMS Targets Mauritian Investment Market with Local Boutique Partnership
3 minute readTrending Stories
- 1$1.9M Settlement Approved in Class Suit Over Vacant Property Fees
- 2Former Wamco Exec Charged With $600M 'Cherry-Picking' Fraud
- 3Stock Trading App Robinhood Hit With Privacy Class Action 1 Month After Alleged Data Breach
- 4NY High Court Returns Fired Priest's Discrimination Claim to State Agency
- 5Digging Deep to Mitigate Risk in Lithium Mine Venture Wins GM Legal Department of the Year Award
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
