BLP makes bold stab at innovating for the LPO age with its £5m Thames Water deal

The news last week that Berwin Leighton Paisner (BLP) is to take on the bulk of Thames Water’s in-house legal team caused a fair amount of attention across the City. Even for a firm like BLP, which has expanded aggressively in recent years, the creation of a managed legal service division to take over a client’s in-house capabilities is a substantial bet on the way the market is moving, but one it has high hopes for.