TITLE

Ofgem ups stable of legal advisers to reduce outlay

AUTHOR(S)
Bequm, Husnara
PUB. DATE
February 2005
SOURCE
Lawyer;2/21/2005, Vol. 19 Issue 7, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Ofgem, the gas and electricity regulator, has added three more firms to its six-strong legal panel in a bid to slash its legal spend. Law firms Herbert Smith, Lovells and Norton Rose have all scooped places on Ofgem's panel for the first time. A spokesman for the regulator argued that a larger pool of firms would increase competition among Ofgem's panel members and therefore ensure that the regulator was getting better value for money. Ofgem will put instructions out to tender and will invite panel firms to participate in the process.
ACCESSION #
16314198

 

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