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 Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.
Multinational law firm Pinsent Masons has advised Breedon Group on the acquisition of Robinson Quarry Masters, a Northern Ireland based family-run quarrying and concrete block business.
Multinational law firm Pinsent Masons has advised Regenerate Asset Management in the launch of the Regenerate European Sustainable Agriculture Fund.
Multinational law firm Pinsent Masons has advised Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.
Multinational law firm Pinsent Masons has advised Breedon Group on the acquisition of Robinson Quarry Masters, a Northern Ireland based family-run quarrying and concrete block business.
Multinational law firm Pinsent Masons has advised Regenerate Asset Management in the launch of the Regenerate European Sustainable Agriculture Fund.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]