The Financial Services Compensation Scheme (FSCS) has appointed eight law firms to form a new in-house panel, which it expects to manage the majority of its legal advice and representation.
The FSCS hired the firms on 36-month contracts in January, estimating the total workload in the period to amount to £12m. It said the panel will cover "all the legal requirements we have" but it may still appoint external law firms for work "as and when appropriate". The contracts will run for three years, with the potential to be extended by a further year, FSCS said. Tender documents in November showed the FSCS was looking to offer work worth a total of £10m-£50m in the period, mainly for delivering claims processing. The FSCS previously hired Akin Gump Strauss Hauer Feld for ...
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