Engineering business Weir Group has cut back on its external legal advisers which is likely to mean a big scaling back in workload for some Scottish firms.
Weir, led by chief executive Keith Cochrane (pictured), has retained just two firms following a tender process for its European and global businesses.
Burness Paul and CMS Cameron McKenna will advise Weir in Europe. Baker & McKenzie and Herbert Smith Freehills will work on global operations. The new arrangement came into effect on 1 January.
It is the first time Glasgow-headquartered Weir has implemented an external panel and is likely to mean less work for firms previously on the list of advisers, including Maclay Murray & Spens, Pinsent Masons, Jones Day and King & Spalding.
There is also a change to the in-house team following the retirement of general counsel Keith Ruddock.. Director of strategy and corporate affairs Andrew Neilson and deputy general counsel Christopher Morgan are handling affairs while the company seeks Mr Ruddock’s replacement.