The company's £6m legal spend for property work will be split between the two firms. Relationships with 10 other firms will be ditched in favour of the new formal panel, and 14 in-house jobs will be cut. General counsel Jeremy Sampson has now turned his attention to a Scottish review.
The decision for the England and Wales panel ends a tough four-month review led by Sampson, in which there was a heavy emphasis on cost. Those firms that have lost out are understood to include Hammonds, Walker Morris and Wragge & Co. Within Taylor Woodrow, three solicitors, four legal executives and seven secretarial jobs will be cut. They dealt with land acquisition work, residential sales and conveyancing. Three years ago Taylor Woodrow outsourced two in-house solicitors to Camerons, but Sampson said the possibility of outsourcing this time was unlikely due to location.
The new panel will advise on all property elements of land acquisition, housing and mixed-use schemes. Sampson expects to split work 50-50 between the firms. However, it is understood that Eversheds is currently getting the biggest single share.
Camerons' lead partners will be Nick Brown and Mark Heighton, who will resource the work in Bristol and London. Head of international real estate Tim Webb will lead the Eversheds relationship.