Hogan Lovells Bags £3M Government Brexit Contract
The firm will guide the government department through the Brexit process during the one year contract.
July 08, 2019 at 05:04 AM
3 minute read
Hogan Lovells has been awarded a £3 million government contract to provide legal services to HM Treasury during and after the Brexit process.
The contract was awarded by The Crown Commercial Services, on behalf of the Treasury, placing Hogan Lovells as legal adviser for a term of one year.
As well as giving business-as-usual legal advice, Hogan Lovells will guide the Treasury as the U.K. exits the European Union, and support it during a time of increased Brexit-related workload.
The contract states the work will include advising the Treasury on "amending and updating instruments made under the EU (Withdrawal) Act 2018 – in order to implement the U.K.'s exit from the EU", and that Hogan Lovells will be "heavily involved in the next stage of negotiations establishing the U.K.'s new relationship with the EU."
It adds that the firm will help the establishment of a customs regime, and will assist as the U.K. "seeks to establish global financial partnerships supported by free trade agreements and bilateral arrangements with key jurisdictions across the rest of the world".
Hogan Lovells will work as part of a wider team of lawyers, policy experts and officials within the Treasury, across the government and with stakeholders in U.K. regulators, including the Financial Conduct Authority and the Bank of England.
The contract will run from May 7, 2019 to May 6, 2020, with the option of extending the contract twice for an additional year, up until May 6, 2022.
As part of the contract, Hogan Lovells will meet with the Treasury once a month and will supply one secondee at any one time to work in-house.
A Hogan Lovells spokesperson confirmed the appointment but declined to comment further.
A slew of government contracts have been handed out to law firms recently.
Earlier this year, Clifford Chance won two government mandates. First, it won a spot on the Financial Services Compensation Scheme's legal panel in January – with Eversheds Sutherland and Addleshaw Goddard also winning spots. The following month, CC was awarded a contract by Treasury sub-group the Debt Management Office.
In the same month, Slaughter and May was awarded an £800,000 government contract for the Department of Transport.
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