R -- Sole Source Legal Services

The Office of Federal Housing Enterprise Oversight (OFHEO) plans to negotiate a sole source contract with the law firm Duane Morris to continue providing legal services related to the Special Examination of Fannie Mae. This continuation is necessary because the work involves complex issues such as accounting practices, internal controls, and executive compensation, all of which Duane Morris has already extensively analyzed and developed under the existing contract. The firm’s unique expertise and familiarity with the case’s facts and evidence make it the only qualified contractor capable of meeting the statutory deadlines associated with this matter. The new work will be integrated into the current contract with Duane Morris, emphasizing the continuity and efficiency of legal services. Given the specialized nature of the investigation and the time-sensitive requirements, OFHEO recognizes that maintaining the existing relationship with the incumbent contractor is essential. This arrangement underscores the agency’s need for legal counsel deeply versed in the specific and technical aspects of the Special Examination of Fannie Mae to ensure compliance and thorough examination within the designated time frame.