National Grid Set to Overhaul U.K. Legal Panel
The FTSE 100 utility giant is to replace rather than renew its existing 12-strong panel.
February 27, 2019 at 04:45 AM
2 minute read
National Grid
National Grid has put out to tender its entire U.K. legal panel, with a fresh roster set to replace the current 12-strong panel when its term expires this Autumn.
The current panel comprises a mix of City and national firms: Linklaters, Herbert Smith Freehills, CMS, Norton Rose Fulbright, Addleshaw Goddard, BCLP, Dentons, DLA Piper, Eversheds Sutherland, Irwin Mitchell, Shakespeare Martineau and BDB Pitmans.
Last month, the company selected Gowling WLG head of energy Derek Goodban as its new U.K. general counsel, replacing Rachael Davidson who became GC at National Grid Ventures last August.
A spokesperson for the FTSE 100 company said in a statement to Legal Week that it is to "tender for a new legal panel in the UK which will replace the existing panel".
Following the last review in October 2017, the company decided to retain the same 12 firms it selected in 2015.
Though the utility giant has yet to confirm the duration of the new panel, a person with knowledge of the matter said it is looking to put in place a "long-term agreement" characterised by a shift in how it procures legal services, with a greater focus on innovation and cost-effectiveness.
The new panel will provide legal advice on a range of matters, which will include competition and regulatory law, energy and the environment, property, construction, disputes, intellectual property, and general corporate affairs.
In 2015, the company set out a number of key requirements for its external advisers, which included development and horizon scanning, and new technology.
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