Coca-Cola Enterprises has appointed four new firms to its legal panel after a review involving the bottler company’s vice president for legal Paul van Reesch. Ashurst, Lewis Silkin, RPC and Shoosmiths form a quartet of firms that will act as the company’s joint legal counsel. Coca-Cola have also chosen Devereux Chambers as their preferred barristers. Van Reesch has predicted that their legal budget will be within the range of £500,000 to £1m and hopes that the new firms will provide the key focus required while ensuring their costs remain reasonable.
Van Reesch said, “We wanted a strong offering in three or four key areas. We tried to get a sense of how firms are thinking about our industry and the business, as well as the best fees they could offer, without it being a race to the bottom.” The legal panel review was delayed due to Coca Cola Enterprises merging with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke to create the world’s largest Coca-Cola bottler, worth around $31bn.