Investment Legal Consulting Services

The Arizona State Retirement System (ASRS) Master Agreement CTR061730 is an Indefinite Delivery Vehicle (IDV) for Investment Legal Consulting Services, primarily focused on providing comprehensive legal support for the state's investment program. The contract covers a wide range of legal services, including drafting, reviewing, analyzing, and negotiating investment-related documents such as investment management contracts, derivatives agreements, real estate transaction documents, and compliance-related paperwork. The IDV offers flexible service delivery with hourly rates for different staff levels, ranging from $150 for legal secretaries to $450-$500 for partners, and includes alternative fee arrangements for specific transaction types like domestic and international private equity, hedge, and real estate fund investments.

The master agreement is awarded to Kutak Rock LLP, a law firm based in Scottsdale, Arizona, with the initial contract executed on August 16, 2022. The IDV is structured as an "as needed, if needed" contract with an initial twelve-month term and subsequent one-year renewals, currently extended through August 15, 2026. The contract covers the state of Arizona and is executed through a competitive solicitation process (Solicitation Code: BPM004386). Kutak Rock LLP maintains comprehensive insurance coverage, including professional liability insurance with limits of $2,000,000 per claim and $4,000,000 aggregate, ensuring robust protection for the ASRS throughout the contract period.