City leaders compete in online auction as US giant makes UK panel debut
January 19, 2005 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
General Electric (GE) has unveiled its first ever legal panel in the UK following an innovative online auction tender that attracted most of the City’s top advisers.
Allen & Overy, Clifford Chance, Fresh-fields Bruckhaus Deringer and Slaughter and May were among the biggest firms appointed last week. The 37-firm roster is set to share an estimated annual UK legal spend of £30m, part of the company’s $700m (£376m) global legal budget.
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