Colt Technology Services has signed up Greenberg Traurig Maher (GTM) to take care of its employment law needs after a similar deal with Berwin Leighton Paisner (BLP) fell through.
GTM was appointed after a contested procurement process involving a number of firms. It has been contracted to provide UK employment law advice to the FTSE250 company’s 12 European offices for an initial term of three years.
GTM would not disclose its fee structure for the deal but said it offered “a responsive alignment with Colt’s budgetary requirements”.
A spokesperson for Colt said the company may look to sign similar deals with GTM for areas other than employment, adding: “We’re constantly looking at the legal services market for the best arrangement.”
The news comes a year after Colt tried and failed to secure a similar deal with BLP’s Managed Legal Service arm. As with GTM, Colt asked BLP to manage all its employment work.
Colt and BLP signed a memorandum of understanding for a five-year deal, but could not agree on terms and the tie-up collapsed. Colt has instructed BLP on occasion since the agreement failed.
The deal with GTM has been finalised, according to the Colt spokesperson.