15 Sep 2016 | 04:12 pm |
International law firm Pinsent Masons has won 'Most Improved Procurement Operation – Start Up' at the Chartered Institute of Procurement and Supply (CIPS) Supply Management Awards.
The firm has been recognised for successfully integrating a combined procurement and contracts team into its existing business operations structure, which has driven efficiencies, cost savings and risk reduction, and introduced transparent and consistent processes, across its supply chain.
Legal Director responsible for the Central Procurement and Contracts Team at Pinsent Masons, Myles Blewett, said: "Combining the knowledge and expertise of procurement specialists with contract experts has been transformational for Pinsent Masons in streamlining our processes, reducing risk and delivering significant cost savings.
"Successfully combining these two skill sets has broken the mould in the legal services industry which has so far seen relatively little penetration by procurement as a function in its own right and often reserved its expertise in this area for its client base. The firm recognises that it needs to practice what it preaches and has implemented a robust, consistent procurement and contracting solution for its own supply chain."
The initiative involved the introduction of a category management approach, dashboards designed to monitor supplier performance, a combined spend analytics and contract database tool and the use of Cerico, the firm’s cloud based compliance venture, to assess suppliers against key responsible business criteria.
Between September 2014 and April 2016 the scheme delivered cost savings of £6.5 million on approximately £60 million of spend.
Multinational law firm Pinsent Masons has advised DCC Energy, a division of leading international sales, marketing and support services group DCC plc, on the acquisition of WIRSOL Roof Solutions (WIRSOL), a provider of photovoltaic (PV) and battery storage systems.
Multinational law firm Pinsent Masons has advised M Group Services, the leading provider of essential infrastructure services in the UK and Ireland, on its sale to private equity house CVC.
Multinational law firm Pinsent Masons’ partner Sylvia Tonova and senior associate Chloé De Jager have been appointed as Members of the ICC International Court of Arbitration, as representatives for Bulgaria and South Africa respectively. Both new appointments are for a three-year term set to commence on 1 July 2024.
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