Ftse 100 energy company to conduct cost-cutting review of UK legal counsel
March 03, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
BP has launched a review of its UK law firms as the global oil giant moves to cut legal fees in what promises to be one of the most closely watched adviser reviews of the year.
The Ftse 100 energy company, which is thought to have a worldwide annual legal budget of around £35m, started the review in recent weeks and aims to have overhauled its adviser roster by the summer.
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