Europe’s largest home improvement retailer Kingfisher has slashed its roster of international law firm advisers from 10 to two, with Freshfields Bruckhaus Deringer and Hogan Lovells securing key roles to handle the group’s major transactional work.

Kingfisher, the parent company of British retail giant B&Q, had initially set out to cut the number of large international firms it uses from 10 firms to four in a bid to maximise its legal spend.