TITLE

MFI reviews legal panel to save £5m in adviser fees

AUTHOR(S)
Begum, Husnara
PUB. DATE
December 2004
SOURCE
Lawyer;12/13/2004, Vol. 18 Issue 48, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that MFI's annual external legal spend is understood to be between 1m pound and l.5m pound. Currently, MFI uses Freshfields Bruckhaus Deringer as its main corporate adviser, although the retailer also instructs at least 15 other firms, including Charles Russell, DLA, Kilpatrick Stockton and Wragge & Co. Although the review is still at a very early stage, MFI is hoping to invite firms to offer proposals in the new year. However, lawyer Adrian Thurston said he was doubtful whether firms that currently do not have a relationship with MFI would be invited to participate in the exercise.
ACCESSION #
15475670

 

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