Investment Legal Consulting Services

The Arizona State Retirement System (ASRS) Master Agreement CTR061731 is an Indefinite Delivery Vehicle (IDV) focused on providing Investment Legal Consulting Services. The contract enables ASRS to procure comprehensive legal counsel for its $50 billion fund, specifically targeting investment legal services across public and private market transactions. The scope encompasses legal guidance for alternative investments in diverse asset classes, including private equity, venture capital, real estate, infrastructure, and hedge funds. Nossaman LLP's Public Pensions & Investments Group will deliver specialized legal support, with a strategic emphasis on representing investors and negotiating favorable investment terms.

The master agreement is awarded to Nossaman LLP and currently operates under a multi-year contract structure, with the most recent amendment extending performance through August 15, 2026. The contract type is a Master Agreement specific to the state of Arizona, with pricing structured through hourly rates ranging from $295 for paralegals to $695 for senior partners. Additional contract provisions include compliance certifications for electronics and information technology products, prohibitions on forced labor usage, and specific guidelines regarding artificial intelligence utilization. The contract includes professional liability insurance with a $5,000,000 per claim and aggregate limit, ensuring comprehensive protection for the Arizona State Retirement System.