Heinz external panel reduced
15th March 2012
Food giant Heinz has revealed that it has slashed the number of external law firms it uses from over fifty to just three. In a landmark review of their European panels, the corporation’s general counsel for the continent, Janice More, explained that the Pennsylvania-based company is looking to gain a closer relationship with the few practices they have retained.
The move represents a more permanent arrangement for Heinz, who began their review in autumn of last year. When the group commenced the process, it allowed the extensive list of firms it engaged with as and when they were needed to tender for the opportunity to become full-time partners.
The announcement will be greeted as excellent news by the three practices that are now working with Heinz, as a number of high-profile solicitor jobs are set to be created within the firms by the groups’ newly streamlined focus on commercial, IP, litigation and food law issues.