Investment Legal Consulting Services

The Arizona State Retirement System (ASRS) Master Agreement CTR061729 is a specialized Indefinite Delivery Vehicle (IDV) for Investment Legal Consulting Services. The contract provides comprehensive legal counsel specifically tailored to the retirement system's investment needs, enabling ASRS to procure on-demand legal services related to investment activities. Key services include drafting, reviewing, and negotiating investment-related contracts, advising on tax matters, securities laws, and regulatory compliance. The IDV allows for flexible, as-needed legal support with a structured hourly rate pricing model that covers various professional levels from summer associates to senior partners.

The master agreement is awarded to Foley & Lardner LLP, with an initial contract period from August 16, 2022, to August 15, 2024, and potential extensions up to a total of 5 years. The contract covers the state of Arizona and is structured as an hourly rate agreement with rates ranging from $320 for summer associates to $1,250 for senior partners. Notably, Foley & Lardner offered an average 19% discount from their standard rates. The contract includes comprehensive liability insurance coverage, with $1,000,000 limits for general liability, automobile liability, and workers' compensation, and has been amended multiple times to extend performance periods and add specific service requirements, such as SEC inquiry consulting and AI usage guidelines.