This public procurement record has 2 releases in its history.

AwardUpdate

24 Sep 2026 at 13:20

Award

18 Feb 2026 at 15:37

Summary of the contracting process

The National Wealth Fund Limited procured legal services from Slaughter and May Services Company under a government legal framework’s finance and high-risk/innovation category. The work is for the Fund’s legal requirements; the description does not break down particular advice, transactions or deliverables. The procurement is classified as legal services (CPV 79100000). The buyer is based in Leeds, while the selected supplier is based in London. The delivery location is given as the United Kingdom, without a more specific place. Small and medium-sized enterprises were considered suitable for this service, although the selected provider is a large company. The award was made through the framework rather than a separately described open competition.

This procurement is complete and has been awarded. The National Wealth Fund Limited directly awarded the work to Slaughter and May Services Company as a call-off from the Crown Commercial Service Legal Panel for Government framework, Lot 3, covering finance and high-risk/innovation. The award date was 9 February 2026, and the contract runs from 9 February 2026 to 8 February 2028. The award value is £950,000, stated on the basis of a zero expenditure commitment, so it does not guarantee spend. The contract description says it has been extended and refers to an optional extension until 8 February 2028. The stated evaluation basis is not detailed beyond selection through the framework; no separate scoring criteria are described.

This award demonstrates demand from the National Wealth Fund for specialist legal support in finance and high-risk or innovative matters, delivered through a government legal framework. A credible competitor at a future procurement would need legal expertise aligned with those areas and the ability to support the Fund’s requirements through the relevant framework route. The successful supplier is a large legal services company, indicating that established capacity to handle complex public-sector legal work is relevant. However, small and medium-sized businesses were also identified as suitable, so the requirement is not described as restricted to large firms. The award establishes a substantial potential scale of work, but the stated value is not a guaranteed commitment to expenditure. The procurement description does not set out specific accreditations, staffing levels or technical experience requirements.

How relevant is this notice?

Notice Information

Notice Title

C1233 - Legal Contract - Slaughter and May

Notice Description

Direct award under Crown Commercial Services Framework RM6360 Legal Panel for Government under Lot 3 - Finance and High Risk/Innovation The contract value is provided on the basis of a zero expenditure commitment. There is an optional extension till 8 February 2028. This contract has been extended.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a92b0b4b-ce43-45f3-9f2d-c1c1f3631e7d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fb34755f-e06b-4743-a694-c5ab0a337e8e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£950,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Sep 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
9 Feb 20268 months ago
Contract Period
9 Feb 2026 - 8 Feb 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
UK INFRASTRUCTURE BANK LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Postcode Area
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

SLAUGHTER AND MAY SERVICES COMPANY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...