The Financial Service Compensation Scheme (FSCS) is in the process of setting up an in-house legal panel from which it plans to buy legal services work for up to £50m, tender documents have revealed.
The scheme is looking to hire up to four legal firms to sit within a new legal services panel framework on a 48-month contract. It plans to offer work worth a total of £10m-£50m in the period, mainly for delivering claims processing. The tender process is run by procurement manager Peter Quinn and is scheduled to complete early in the new year. The FSCS handles most claims in-house but has in the past commissioned external lawyers for certain recoveries. In an advert published in September the scheme said it is looking for "experienced firms to provide various 'lots' of legal se...
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