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Car manufacturer Daimler’s first-ever panel search has sparked discontent from within the company’s ranks. Law firms have been invited to pitch for places to undertake work across the UK, Continental Europe and US.
According to a source close to the company, factions within Daimler’s legal department have taken a dim view of the panel search, believing the process to be counterproductive because Daimler already has good relations with a number of firms.
The panel places are understood to cover the full range of legal services, including finance and litigation, with Daimler taking a sector approach to dishing out places. It is not yet known how many spots are up for grabs on the panel, but the submission process began between six and seven weeks ago and is expected to be completed around early or mid-July.
Freshfields Bruckhaus Deringer has won several mandates for Daimler in the past, advising on the company’s joint venture with Nissan and Renault in 2010. Shearman & Sterling and Skadden Arps Slate Meagher & Flom have also acted as advisers to the company in the past.
In a statement a spokesperson for Daimler said: “As a matter of principle, we do not give any comment on pitches.”