Pinsent Masons has scooped the mandate to be the sole legal provider for Eon over 40 other firms, taking on responsibility for the energy company’s day-to-day work on a fixed-fee basis.
The news comes months after Pinsents won an instruction to carry out all the business-as-usual legal work for construction giant Balfour Beatty (25 March 2013), an agreement first revealed by The Lawyer in January (23 January 2013).
The firm is understood to have won the role over firms appointed to Eon’s panel last year (25 September 2012), including Eversheds, Field Fisher Waterhouse and Squire Sanders.
Pinsents will take on the bulk of Eon’s infastructure, energy and commercial work for a five-year period. The rest of Eon’s UK legal work will be performed in-house.
Eon’s central legal function based in Düsseldorf has also put out a tender for its panel, which deals with cross-border M&A work as well as other corporate deals.
The Pinsents partner leading on the deal is litigation partner Jonathan Fortnam.
Pinsents has acted on several high-profile deals for Eon this year. In March Pinsents took on the company’s bid for the ‘arc21’ residual waste treatment scheme in Northern Ireland and this month advised London Array, a joint venture between DONG Energy, Eon and Masdar on the £459m disposal of the offshore wind farm’s grid links.
Corporate partner John Tyerman and projects partner Melanie Grimmitt led on the latter deal with tax partner John Christian and property senior associate Ian Stewart, while finance partner Stephen Tobin advised on finance and security.
Pinsents emerged from a scrum of competing firms including Berwin Leighton Paisner (28 January 2013) to win the Balfour Beatty mandate after winning over general counsel Chris Vaughan. Read our in-house interview with Vaughan, Outside Track.