Eversheds-IATA Relationship Takes off in Europe, North Asia and Asia Pacific
LONDON--(Business Wire / Korea Newswire) March 04, 2014 -- Following a competitive pitch, global law firm Eversheds has secured a contract as the primary legal services provider for the International Air Transport Association (IATA) across Europe, North Asia and Asia Pacific, in addition to the existing contract to deliver legal services in Africa and the Middle East.
IATA is the trade association for the world’s airlines and works with members and the air transport industry as a whole to promote safe, reliable secure and economical air travel. IATA has a presence in 60 countries representing 240 airlines across 113 countries handling some $370billion of financial transactions in 2012.
This latest appointment builds on the success of the initial partnership when Eversheds was appointed as IATA’s legal services provider in Africa and the Middle East region in April 2013, providing all legal services in 65 countries. Under this latest agreement, which runs for a three year period, Eversheds will provide IATA with a full service legal offering to an additional 93 countries in Europe, North Asia and Asia Pacific, making this one of the largest global mandates of its kind within the legal sector.
In addition to advising IATA on all legal matters, Eversheds will offer a tailored pricing model, with tiered blended rates for each region, an innovative performance based fee element and project management provisions covering all 158 countries. This unique delivery model is underpinned by consistent quality, transparency, clear cost control and comprehensible metrics for both IATA and Eversheds. The firm’s experienced delivery of this unique legal model began with its groundbreaking partnership with Tyco in 2007 and has evolved over the years forming the basis for centrally managing more than 30 multi jurisdictional clients of the firm.
The Eversheds team will be led by Stephen Hopkins, Head of Global Client Development and partner lead for Tyco and delivered through Eversheds offices and its co-ordinated relationship firms across the world. The offices are supported by dedicated project managers and lead partners in each of the IATA regions and Stephen who acts the single point of accountability for IATA.
Jeffrey Shane, general Counsel at IATA, said:
“We have high expectations of Eversheds. The goal of IATA’s legal department is to be on the cutting edge in delivering support to our offices around the globe. We have been impressed with the high quality and cost transparency of Eversheds’ services to IATA in Africa and the Middle East, and we look forward to further benefits as we extend the consolidation of our external legal support with Eversheds across three more important regions for our business.”
“This is one of the largest global frameworks of its type in the legal sector. We will provide all legal services to 158 countries globally; this is no mean feat. Our relationship with IATA has been underpinned by consistent quality delivery, transparency and cost control. We are confident that this new agreement will continue to develop and strengthen our partnership with IATA.”
Notes to editors
About Eversheds LLP
Eversheds LLP and its worldwide offices have over 4,500 people who provide services to the private and public sector business and finance community. Access to all these services is provided through 50 international offices in 29 jurisdictions. Eversheds combines local market knowledge and access with the specialisms, resources and international capability of one of the world's largest law firms.
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