The Lawyer newspaper suggests the position now comes with a bonus, as successful firms will also be working for the Greater London Authority, which is now part of TFL’s remit.
The current panel line-up consists of Ashurst, Berwin Leighton Paisner, Bird & Bird, Clifford Chance, Eversheds, Freshfields Bruckhaus Deringer, Herbert Smith, K&L Gates, Manches, Simmons & Simmons, Travers Smith and Wragge & Co.
TFL general counsel Howard Cater and legal director Andrea Clarke are leading the review. A spokesperson for the transport authority said it is still ‘early days’ in the process and it is currently not clear how big the panel will be or how long the agreements will run.