CommentaryGeneral Electric enters new era as it invites external legal advisers to bid for work via online auction
March 10, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
General Electric’s (GE’s) decision to make its external legal advisers compete for work via an online auction will have sent a shiver through the spines of the leading City firms.
The world’s largest company has already implemented the regime for its US advisers and is in negotiations with UK firms Slaughter and May, Clifford Chance, Linklaters and Allen & Overy to bring the controversial system across the Atlantic.
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