Telefonica cuts £3m extermal legal spend

January, 21 2015

With no decrease in the amount of work, the telecoms company puts it down to competitive tenders.

Shahril KHMD

Telecoms company Telefonica has saved nearly three million on external law firms in the last two years.According to Legal Business, the legal department implemented cost reductions for 2013 of £1.5, with 2014 seeing a further cut of £1.4 million. Its UK head of Legal Kent Dreadon attributes the cuts to more competitive tendering processes for outside work. Source: Legal Business

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Telefonica cuts £3m extermal legal spend

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