BP panel review to use reverse auction as pitch requests extended to US advisers

BP has introduced an online reverse auction to its on-going panel review of external legal advisers, which is set to conclude in the coming weeks.

BP has introduced an online reverse auction to its on-going panel review of external legal advisers, which is set to conclude in the coming weeks.

The oil major said the online reverse auction would make the bidding process “more transparent, quicker and more efficient”, and place a strong emphasis on cost efficiency and competitive rates.

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