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Legal Services Framework Agreement

The Financial Reporting Council Limited

Awarded
services
SME-friendly
Framework agreement

This tender has closed

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Key details

Contracting authority
Region
LONDON
Delivery: West Midlands
Contract value
£2,290,000ex VAT
Submissions closed
21 May 2024
Published
4 April 2024

Procurement

Contract period
1 October 2024 - 30 September 2029
5 years
Procedure type
Open procedure (above threshold)
CPV classifications
  • 79100000 Legal services

What happened

The Financial Reporting Council Limited awarded this contract to Herbert Smith Freehills LLP | DLA Piper UK LLP | Gowling WLG (UK) LLP | TLT LLP worth £2,290,000 on 27 Sept 2024. The contract runs until 30 Sept 2029.

Description

THIS IS A CONTRACT AWARD NOTICE - THIS TENDER HAS BEEN COMPLETED/AWARDED.

The Financial Reporting Council (FRC) is an independent regulator which serves the public interest by setting high standards of corporate governance, corporate reporting and audit and by holding to account those responsible for delivering them. The FRC also monitors and takes enforcement action where things go wrong to ensure the proper operation of the market and confidence in the UK economy and the UK's international reputation as an attractive place to do business.

The purpose of this exercise is to create a Framework Agreement to provide a panel of law firms (the panel) to provide legal services for the FRC, through the FRC's in-house legal team.

The legal team advises on a wide range of issues, including but not limited to:

  • creating, implementing, using and maintaining the FRC's powers and procedures;
  • developing and maintaining legally sound policies across the FRC;
  • information handling, sharing and risk;
  • corporate legal advice (eg on contracts, governance, intellectual property rights, brand and logo use, insurance etc);
  • responding to challenges (eg judicial review and complaints) as well as all litigation taken by, and against, the FRC;

PLEASE NOTE THIS OPPORTUNITY WAS ALSO PUBLISHED ON FIND A TENDER

Additional information: Additional text

THIS IS A CONTRACT AWARD NOTICE - THIS TENDER HAS BEEN COMPLETED/AWARDED. The Framework Agreement is for a duration of four years with the option to extend by 1 year (as per the original notices).

Awarded suppliers (4)

Suppliers
  • Herbert Smith Freehills LLP
  • DLA Piper UK LLP
  • Gowling WLG (UK) LLP
  • TLT LLP
Award value
£2,290,000
Award date
27 September 2024

Contact

Address
8Th Floor,125 London Wall, London, EC2Y5AS
Contact name
Head of Procurement

Identifiers

Buyer reference
FRC2023-0146
Notice ID
908d7eb5-e9ab-4595-8781-3add96f0b3a9-782689
OCID
ocds-b5fd17-a739533c-edb7-4e4d-8d93-02fb24a87a81

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External ID: cf-ocds-b5fd17-a739533c-edb7-4e4d-8d93-02fb24a87a81 • Added 3 October 2026