The State of Arkansas, Office of State Procurement, is seeking a qualified law firm to provide subrogation legal services. The selected contractor will assist in the investigation, identification, pursuit, and recovery of subrogation claims arising from the State Captive Insurance Program. The contractor must be licensed to practice law in Arkansas, have at least five full-time licensed attorneys with experience in subrogation and insurance litigation, and have experience working with captive insurance programs or self-insured risk retentions. The contract will be for a term of three years, with the option to renew for up to four additional one-year terms.
Some key requirements for the contractor include:
* Providing comprehensive subrogation legal services, including reviewing claims, advising on viability and best method for pursuing subrogation claims, evaluating facts and liability, and providing legal opinions
* Conducting ongoing claims file monitoring and review to identify potential subrogation actions
* Having experience pursuing recoveries in third-party liability claims, property and fire damage, construction and facilities damage, and product or component defects/losses
* Having professional liability insurance with a minimum limit of $1,000,000 per occurrence
* Not having had an actual conflict of interest, irregular billing practices, or successful malpractice claim against principals or lead attorneys in the law firm or professional discipline actions against the law firm or individual attorneys in the law firm in the last five years.
The evaluation criteria for this solicitation include experience, solution, risk, and interview. The state will evaluate the contractor's qualifications, experience, and approach to providing subrogation legal services, as well as their ability to manage risks and provide comprehensive services.