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Eversheds reappointed for 5 years as sole legal provider for Severn Trent plc

  • United Kingdom

    11-03-2015

    After a competitive tender process involving 13 law firms, Eversheds has been reappointed as sole legal provider to the Severn Trent group of companies.

    Eversheds will continue to work with the FTSE 100 water company across corporate, regulatory, commercial, real estate, employment and litigation work, including specialisms such as pensions, share schemes and competition. The work extends beyond the UK to include Severn Trent Services activities in Europe, the Middle East and China.

    Eversheds has worked with Severn Trent since 2008, developing the innovative sole supplier position by 2010, and underpinning it with a fixed fee pricing model. This led to a reappointment without challenge in 2012.

    As Severn Trent deputy general counsel Stuart Kelly explains, the company wished to test the model against the market and ensure that what it had was best in class.

    Kelly said:

    "We work on a regulatory cycle of 5 years, the next of which begins on 1 April 2015. We wanted all suppliers, including legal, in line with that. Making a 5 year appointment this time meant a full procurement process. We were looking for quality, efficiency and budgetary certainty.

    “We divided up what Eversheds had been doing for us previously into 5 lots and went out to a range of firms - both large and boutique, and we also looked at ABS models. We were expecting to go into the next period with at least two firms, but in the end, Eversheds came out on top across all 5 lots, with an evolution of their current model. Their proposals around innovation, value added services and the development of new KPIs made them stand out. We already knew that they would deliver very high quality legal advice."

    The Eversheds relationship has been led throughout by Ian Gray, head of litigation at the firm and a member of the firm's Executive, and Audrey Elliott, an employment partner.

    Gray commented:

    "We have 14 practice areas involved in this relationship both in the UK and overseas, which has meant this has been one of the firm's substantial accounts. It has been a big part of our progress in the utilities sector. We have enjoyed a great relationship down the years, with many of our team working on secondment with Severn Trent. We are thrilled to be reappointed for this next 5 year period."

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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