Section one: Contracting authority/entity
one.1) Name and addresses
THE FINANCIAL REPORTING COUNCIL LIMITED
8Th Floor,125 London Wall
LONDON
EC2Y5AS
Telephone
+44 2074922300
Country
United Kingdom
Region code
UKI - London
Companies House
02486368
Internet address(es)
Main address
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Legal Services Framework Agreement
Reference number
FRC2023-0146
two.1.2) Main CPV code
- 79100000 - Legal services
two.1.3) Type of contract
Services
two.1.4) Short description
The Financial Reporting Council (FRC) is an independent regulator which serves the public interest by setting high standards of corporate governance, corporate reporting and audit and by holding to account those responsible for delivering them. The FRC also monitors and takes enforcement action where things go wrong to ensure the proper operation of the market and confidence in the UK economy and the UK's international reputation as an attractive place to do business.
The purpose of this exercise is to create a Framework Agreement to provide a panel of law firms (the panel) to provide legal services for the FRC, through the FRC's in-house legal team.
The legal team advises on a wide range of issues, including but not limited to:
• creating, implementing, using and maintaining the FRC's powers and procedures;
• developing and maintaining legally sound policies across the FRC;
• information handling, sharing and risk;
• corporate legal advice (eg on contracts, governance, intellectual property rights, brand and logo use, insurance etc);
• responding to challenges (eg judicial review and complaints) as well as all litigation taken by, and against, the FRC.
We propose to appoint up to three* law firms to act for the FRC across its business on a four-year contract (with a further one year extension).
* The FRC reserves the right to increase this number where law firms have the same overall evaluation scoring.
PLEASE SEE THE FULL DETAILS IN THE TENDER PACK. THE TENDER PACK CAN BE ACCESSED VIA CONTRACTS FINDER
https://www.contractsfinder.service.gov.uk/Notice/1e19204b-61b1-41c3-a350-59ef3ff2c17c
Section six. Complementary information
six.6) Original notice reference
Notice number: 2024/S 000-010940
Section seven. Changes
seven.1) Information to be changed or added
seven.2) Other additional information
The deadline for tender submissions is now 21/05/2024 by 12noon