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BP Names 26 Firms to New Outside Counsel Panels for 2022 to 2024

Nov. 30, 2021, 8:52 PM

BP Plc has named 26 firms to its new outside counsel panels for 2022 through 2024, including 11 in the U.S.

Baker Botts, Greenberg Traurig, and Kirkland & Ellis are among the U.S. firms the London-based BP has named, according to a company statement.

The panels for two other geographic regions includes firms such as Dentons and Simmons & Simmons in the U.K., and Baker McKenzie in Singapore, BP said. Firms including Arnold & Porter and Freshfields Bruckhaus Deringer will manage the oil and gas company’s global matters.

“The selection process comprised of a competitive bid process focused on rates, commitment to diversity & inclusion and capability relevant to the energy transition,” BP said in the statement.

The selection of firms marks an increase from BP’s previous system of two legal panels—one for the U.K. and one for international operations. The American Lawyer first reported the new panels.

Many of the panel firms, like Baker Botts, have previously advised BP on matters such as its $5.6 billion midstream Alaska business sale to Harvest Alaska last year.

Some firms that have advised BP’s U.S. division, BP American Production Co., such as Beveridge & Diamond PC, don’t appear on the company’s U.S. panel.

BP in May, along with other major energy companies, won a Supreme Court case that could push climate liability cases to the federal court system. That could be more favorable to the energy industry.

BP also faces criticism from climate activists like Greta Thunberg over pollution and global warming.

To contact the reporter on this story: Ruiqi Chen in Washington, D.C. at rchen@bloombergindustry.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com;
John Hughes in Washington at jhughes@bloombergindustry.com

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