Fiduciary Legal Counsel

What the solicitation documents require

We read the solicitation documents for this bid (1 document, 105 pages). Each item shows the file and page it came from. Check the original documents and any addenda before you bid.

Due date and time

• Responses for Parts 1 through 3 must be received by TRS no later than December 15, 2026, 5:00 p.m., Central time. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 8)

How to submit

• Proposals must be submitted by email to LegalRFQ@trs.texas.gov. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 2)
• The Qualifications Questionnaire, Qualifications Narrative and Required Forms (Parts 1 through 3) must all be completed and submitted via email. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 1)

Questions deadline

• Questions must be written emails sent to the TRS Contact Person no later than December 1, 2026, 5:00 p.m., Central time. Telephone inquiries are not accepted. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 2)

Insurance

• Respondent is asked whether the firm carries professional liability insurance equal to or greater than $1,000,000. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 14)
• Excess and/or Umbrella Liability may be combined to meet minimums of $500,000 per occurrence and $1,000,000 in the aggregate. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 55)
• Employer's Liability minimum is $500,000 bodily injury per accident. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 55)

Licenses and certifications

• An attorney must be licensed by the State Bar of Texas to give legal services and advice on Texas law, and a Texas-licensed attorney must be named lead counsel. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 8)
• Lead Fiduciary Counsel must provide documentation of good standing from the state bar or licensing authority of the jurisdiction where licensed. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 8)

Contract term

• Initial contract term is two years, with one two-year optional renewal. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 2)

Pricing format

• Each agreement will specify a total limit on contract amount, hourly rates, fees, and reimbursable expenses. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 7)
• Outside Counsel agrees to the fee schedule described in Addendum B. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 26)
• Travel rate may not exceed one-half of the approved timekeeper's reasonable hourly rate. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 26)

Forms to return

• Part 3 Required Forms: Respondent's Signature and Information, Respondent's Certifications, and Preferences. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 1)
• Appendix B: Conflict of Interest Disclosure and Request for Determination, Form TRS 541C. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 75)
• Appendix C: Annual Ethics Compliance Statement, Form TRS 550. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 80)
• Appendix D: Disclosure Statement for Financial Services Providers, Form TRS 630. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 83)
• Appendix E: Expenditure Reporting Form for Contractors, Form TRS 543. (ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf, p. 86)

Documents we read

• ESBD_568661_1792104783357_27_RFQ No._TRS000722_ Fiduciary OCC _Solicitation Final.pdf 105 pages