Investment Legal Consulting Services

The Arizona State Retirement System (ASRS) Master Agreement CTR061725 is an Indefinite Delivery Vehicle (IDV) focused on providing investment legal consulting services. The contract enables ASRS to procure specialized legal support for its investment program, including drafting, reviewing, analyzing, and negotiating investment-related contracts and legal documents. Services are structured on an hourly rate basis with pricing for different legal professional levels, ranging from Associate 2 to Partner, and will be delivered on an "as needed, if needed" basis consistent with ASRS's strategic and investment policy requirements.

The master agreement is awarded to Arnold & Porter Kaye Scholer LLP and was initially established on August 16, 2022, with an original one-year term and potential extensions up to five years. The contract covers the state of Arizona and has been subsequently renewed through Amendment No. 3, extending the period of performance to August 15, 2026. Pricing has incrementally increased across contract amendments, with hourly rates evolving from an initial range of $540-$1,040 to $594-$1,144 for different professional levels. The contract type is a Master Agreement, and while specific total contract value is not disclosed, it provides flexible legal consulting services tailored to the ASRS's investment needs.