The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Bupa is set to launch an annual consultation process for its top legal advisers as the healthcare provider looks to monitor the performances of its panel firms on a more regular basis.
The plans, which are due to be finalised at a conference for the company’s global legal heads later this month, will see Bupa send survey forms to at least its top 10 legal advisers worldwide by spend.
These will include Beachcroft, Clyde & Co, Nabarro and Slaughter and May in the UK, Foley & Lardner and Ropes & Gray in the US and Australian firm Freehills.
The company will then conduct one-on-one interviews with the firms, with a view to cutting costs and increasing dialogue between Bupa and its advisers.
Head of legal for M&A Serena Davidson said: “We want to make sure we’re getting the maximum bang for our buck and closer working relationships.
“It should be reciprocal too. Hopefully it will encourage them to get closer to us, which is another positive.”
The innovative move comes ahead of reviews of Bupa’s insurance panel later this year and its M&A panel in 18 months’ time.
Bupa prioritised transparency in its relationships with external advisers when in 2008 it introduced a system whereby shortlisted panel firms were informed of competitors’ fee rates.