DFC Awards $205K for General Compliance Law Services to Clifford Chance US LLP

Contract Overview

Contract Amount: $205,000 ($205.0K)

Contractor: Clifford Chance US LLP

Awarding Agency: U.S. International Development Finance Corporation

Start Date: 2026-04-09

End Date: 2028-04-12

Contract Duration: 734 days

Daily Burn Rate: $279/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: GENERAL COMPLIANCE LAW

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20527

State: District of Columbia Government Spending

Plain-Language Summary

U.S. International Development Finance Corporation obligated $205,000 to CLIFFORD CHANCE US LLP for work described as: GENERAL COMPLIANCE LAW Key points: 1. Contract awarded for legal services related to general compliance law. 2. Clifford Chance US LLP is a large, well-established law firm. 3. The contract duration is approximately two years. 4. The award was made under full and open competition. 5. The total award amount is $205,000.

Value Assessment

Rating: good

The award amount of $205,000 for two years of legal services appears reasonable given the specialized nature of compliance law and the reputation of the firm. Benchmarking against similar contracts for large law firms providing expert legal counsel would be necessary for a definitive assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition, suggesting a robust process for soliciting bids and selecting a vendor. This method generally promotes competitive pricing and ensures the government receives the best value.

Taxpayer Impact: The taxpayer impact is limited by the relatively small award amount of $205,000 for specialized legal services over two years.

Public Impact

Ensures U.S. International Development Finance Corporation (DFC) maintains legal compliance. Supports DFC's mission by mitigating legal risks. Provides access to expert legal counsel for complex regulatory environments.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Full and open competition
Reputable contractor
Clear service description

Sector Analysis

Legal services, particularly in specialized areas like compliance law, are crucial for government agencies. Spending benchmarks for legal services can vary widely based on firm size, expertise, and the complexity of the legal issues involved.

Small Business Impact

This contract was not awarded to a small business. The nature of the services and the potential need for specialized expertise may have favored larger, established firms.

Oversight & Accountability

The contract was awarded under full and open competition, indicating a degree of oversight in the procurement process. Further oversight would involve monitoring the delivery of services and adherence to contract terms.

Related Government Programs

Offices of Lawyers
U.S. International Development Finance Corporation Contracting
U.S. International Development Finance Corporation Programs

Risk Flags

Lack of specific detail on compliance areas.
Potential for higher-than-average legal fees due to firm's reputation.
No small business participation.

Frequently Asked Questions

What is this federal contract paying for?

U.S. International Development Finance Corporation awarded $205,000 to CLIFFORD CHANCE US LLP. GENERAL COMPLIANCE LAW

Who is the contractor on this award?

The obligated recipient is CLIFFORD CHANCE US LLP.

Which agency awarded this contract?

Awarding agency: U.S. International Development Finance Corporation (U.S. International Development Finance Corporation).

What is the total obligated amount?

The obligated amount is $205,000.

What is the period of performance?

Start: 2026-04-09. End: 2028-04-12.

What specific compliance areas does this contract cover, and how do they align with DFC's current strategic priorities?

The contract specifies 'GENERAL COMPLIANCE LAW' without further detail. To assess alignment, one would need to review DFC's strategic plan and identify key compliance risks or regulatory changes impacting its operations. Understanding the specific legal domains (e.g., financial regulations, international law, data privacy) would clarify the scope and relevance of the services.

How does the hourly rate or blended rate compare to market standards for similar legal services from firms of Clifford Chance's caliber?

A precise comparison requires access to Clifford Chance's standard rates for this type of work and data on rates charged by peer firms for similar government contracts. Without this benchmark, it's difficult to definitively assess value. However, given the firm's reputation, rates are likely to be at the higher end of the market spectrum.

What mechanisms are in place to ensure the effectiveness and efficiency of the legal services provided under this contract?

Effectiveness is typically measured by the successful resolution of legal issues, adherence to deadlines, and the quality of legal advice. Mechanisms may include regular progress reports from the contractor, performance reviews by the agency contracting officer, and clear deliverables outlined in the contract statement of work.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Legal Services › Offices of Lawyers

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 77344426Q0046

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2001 K ST NW, WASHINGTON, DC, 20006

Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $205,000

Exercised Options: $205,000

Current Obligation: $205,000

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 77344421D0002

IDV Type: IDC

Timeline