Eversheds joins bidding war for Yorkshire Water mandate

Berwin Leighton Paisner (BLP) and Eversheds are battling it out for a mandate from Yorkshire Water.


Eversheds
Eversheds

BLP is in talks with Yorkshire Water about striking a possible deal involving its Managed Legal Services (MLS) business, which effectively allows companies to outsource their legal functions to the firm at a lower cost, while Eversheds is also understood to be pitching for the same work from the utility company. Employment partner Simon Rice-Birchall is understood to be leading on Eversheds’ pitch to Yorkshire Water, but the firm declined to comment on the matter.

Walker Morris is one firm that presently acts for the Yorkshire Water.

BLP’s MLS arm signed struck a deal with its only client, Thames Water, in 2010 that saw the utility transfer the majority of its legal function to the firm for a reported £5m a year (5 April 2010). BLP came close to signing a similar deal with Colt Technology Services, but they could not agree terms and Greenberg Traurig Maher won the work (21 October 2011).

Yorkshire Water did not respond in time to comment.