Clifford Chance (CC) is finalising a set of standardised private finance initiative (PFI) forms for property giant Rotch that could cut in half legal fees generated by the initiative.

A CC team led by property partner Andrew Rolfe plans to have forms ready in the next two weeks. They will reduce the legal costs of putting together a PFI deal for Rotch to as little as £300,000, depending on the size of the project.