Heineken loses its flavour for Pinsents

What do Balfour Beatty, Eon and Heineken have in common? As it turns out, each of the businesses has recently selected, or is in the process of choosing, a single firm to deal with its day-to-day legal matters.

For this type of work, Pinsent Masons is clearly in demand. The firm scooped the key role for both Balfour Beatty in March 2013 and for Eon last October.  It was also in the running to become Heineken’s sole adviser. But with just weeks to go before the beer giant is expected to make a final decision, it’s understood that Pinsents has decided to quit the process. Another frontrunner, Eversheds, is also thought to be out of the race.

That leaves Heineken’s longstanding advisers Shepherd & Wedderburn and TLT in prime position to win the company’s day-to-day legal work.

Pinsents’ decision could be down to pressurised fees on this sort of work. After all, these sorts of agreements don’t necessarily result in big-ticket and big bucks M&A, as demonstrated by Balfour’s choice of Linklaters as its UK firm of choice to advise on its $1.24bn sale of Parsons Brinckerhoff to WSP Global earlier this month.

Either way, it seems that the idea of taking on day-to-day work from Heineken has run dry for Pinsents.

Also on TheLawyer.com:

Featured Briefings
Intellectual property: DLA Piper: Surviving a trademark opposition challenge: do you have a true ‘intent to use’? Five key tips
Employment: Shoosmiths: Money for nothing — the importance of monitoring expenses claims
Banking: LK Shields Solicitors: Money market funds — international regulatory developments
Competition: Shoosmiths: The coffee capsule revolution: French competition authority opens up market to Nespresso rivals
Crime: No5 Chambers: Juvenile offenders: a different approach needed? — Part IV