King's College LondonKing's College London Opens Tender for Inaugural Legal Panel
The top university is setting up a formal roster for the first time.
June 27, 2019 at 04:18 AM
3 minute read
King's College London has launched a tender process for its first-ever legal panel.
Ranked as a top 10 university in the world by QS World Rankings 2020, King's College spends more than £1.7 million per year on external legal advice and works on an ad hoc basis with more than 20 different law firms, but now wants to establish a formal roster.
The panel will run for an initial two years, but has the option of being extended for a further two years. The panel for the four years is valued at £7 million.
When Tammy McDermott, who trained at Kennedys, became general counsel in December 2018, she began reviewing how the university worked with external advisers.
"We have been using a number of different firms over the years but I was very conscious that we were not always getting best value from these relationships," said McDermott. "Therefore, we are looking to put a panel of law firms in place to create a more partnering approach to external legal work and advice for the college.
"It will also result in greater consistency of use, as we will have a select panel of law firms which people know they can go to for external legal advice when required," she added.
Some of the main firms that King's College has worked with in the past include BCLP, Eversheds Sutherland, Herbert Smith Freehills, Mills & Reeve, Penningtons Manches, Farrer & Co, and Archon Solicitors.
McDermott said because the university requires legal advice across a wide range of practices, the legal panel will be made up of a minimum of eight firms, but the final number could be larger.
The deadline for firms to tender is 15 July 2019.
As part of its panel launch, the university is working on getting electronic invoicing in place for all its legal suppliers.
It is the latest adviser review this year. Lloyds Bank has just kicked off a review of its legal panel, as it aims to reduce the size of its global roster.
Earlier this year, Transport for London named three firms on its new legal panel, and the Post Office appointed six law firms to its newly reviewed panel.
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