Energy company KCA Deutag has appointed Pinsent Masons to its panel for employment and property across three jurisdictions in the first step of an ongoing panel review process.
Four firms were invited to tender for the work after the oil and gas company identified the need for a single provider across several continents.
Pinsent Masons was appointed to do all KCA Deutag’s employment work coming out of the UK, Germany, Dubai and Singapore and all its property work in the UK and Germany. The deal will run for three years.
Client relationship partner Tom Stocker said: ”We’ve put together a core team: I’m the client relationship partner but I’m not an employment lawyer so we have partner Euan Smith leading the employment side and legal director Mark McCall leading on the property side, as well as country leads. For consistency, all of it is co-ordinated through Euan and Mark, and ultimately me.”
Stocker has been working with the client since legacy McGrigors started acting for it in the early 2000s. The firm never held a formal panel position but acted for KCA Deutag on corporate transactional matters in the UK. In 2010 McGrigors pitched for a similar panel with the client but was unsuccessful.
It is thought that this is the first formal appointment in an ongoing review of external counsel by KCA Deutag.
Pinsents broke through the £300m barrier to post a five per cent increase in turnover from £295m to £309m at the close of 2012/13 – a year after its merger with McGrigors (17 June 2013).
Pinsents consistently finds itself in the top spot in Adviser Rankings’ Aim rankings. It retained its lead this month, with a total of 54 Aim clients on its books, although that is a reduction of two on its July figure of 56, and a sharp decline from the previous period’s increase of seven clients (6 November 2013