Award

2026-024 Legal Support for Financial and Insolvency Matters

OFGEM

This public procurement record has 1 release in its history.

Award

17 Apr 2026 at 16:45

Award Notice
Summary of the contracting process

In the recent procurement process led by Ofgem, there was a requirement for legal support services focusing on financial and insolvency matters as part of the 2026-024 tender. This initiative, classified under the industry category of legal services, involved providing specialist technical legal advice to augment Ofgem’s internal team, particularly in analysing complex corporate and financial structures of energy suppliers. The procurement utilised an open procedure method and the contract was awarded to Hogan Lovells International LLP on 17 March 2026, with a contract period extending until 15 March 2028. The scope of work covers multiple regions, including the UK, Europe, and several British territories, reflecting its expansive reach and strategic importance following the introduction of Financial Resilience Principles and related standard licence conditions.

This procurement presents substantial growth opportunities for legal firms, especially those with competencies in financial legal advisory services and insolvency matters. Enterprises specialising in legal services, particularly SMEs, may find participating in such tenders lucrative due to the significant value placed on technical expertise in handling complex financial legal issues. With a budget of £240,000, this contract aimed to attract providers adept at delivering nuanced legal advisory and representation services, enabling them to scale their operations. Such opportunities are ideal for businesses looking to establish or expand their influence in providing legal solutions across a diverse range of jurisdictions, especially to high-profile clients like Ofgem.

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Notice Information

Notice Title

2026-024 Legal Support for Financial and Insolvency Matters

Notice Description

Following the introduction of the Financial Resilience Principles, Ofgem has been required to assess complex corporate and financial structures of energy suppliers. This requirement has become even more significant following the introduction of standard licence conditions on 31 March 2025, which oblige suppliers to satisfy both the Capital Floor and Capital Target. Ofgem therefore requires support from a supplier for short-term legal support services to augment the internal legal team, with a primary focus on delivering specialist technical legal advice in areas where the internal team may lack expertise. This support will be particularly directed towards advising on complex financial legal matters concerning a supplier's position. Ofgem will also require legal advice in respect of the practical applicability of enforcement of the Financial Resilience Principles (e.g., dealing with conflicting interpretations of definitions and interpretative analysis). It may also be necessary for this advice to address strategies for handling risks related to possible supplier insolvency.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a86e83fd-8ab6-4d6e-9e87-12d7547c4514
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f5151e21-75a2-4f4d-b6c3-d0d2965c37b3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79100000 - Legal services

79111000 - Legal advisory services

79112000 - Legal representation services

79140000 - Legal advisory and information services

Notice Value(s)

Tender Value
£240,000 £100K-£500K
Lots Value
Not specified
Awards Value
£240,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Apr 20261 weeks ago
Submission Deadline
1 Jan 2026Expired
Future Notice Date
Not specified
Award Date
17 Mar 20261 months ago
Contract Period
17 Mar 2026 - 15 Mar 2028 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

HOGAN LOVELLS INTERNATIONAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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