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FT Law 50 2009

Rankings at a glance
2009 Rank9
2008 Rank14
2009 total score for ALL entries submitted192
2009 score band for ALL entries submitted (/10)5
Number of standout entries in FT REPORT3
Number of highly commended entries in FT REPORT0
Number of commended entries in FT REPORT1
2009: total weighted score for ranked entries in FT REPORT13
2009 Score band for ranked entries in FT REPORT (/10)5
2008: total weighted score for ranked entries in FT REPORT6
2008 score band for ranked entries in FT REPORT (/5)1
2009 Profits per Equity Partner (PEP) (£k)673
2009 Score band for PEP (/5)3
Assessment of management commitment and innovation value to firm (/20)15
Total Innovation Score in the FTLAW50 (/50)29

Billing and Fees 2009

Rankings at a glance
Award levelCommended
InnovationMeasuring the firm’s free value-added services
Originality6
Rationale6
Impact4
Total16
DescriptionWorking with the hourly rate, Ashurst has developed systems to account for the work they do free of charge for clients. Still in its early stages

Dispute Resolution - non credit crisis 2009

Rankings at a glance
Award levelStandout
InnovationCompetition law strategy for Virgin Media
Originality7
Rationale8
Impact7
Total22
DescriptionAn aggressive legal approach enabled Virgin Media to reassert itself against the dominant BSkyB. This was the first time a UK Competition Commission merger report had been successfully challenged, and the first time allegations of monopsony power had been brought in litigation in the UK

Financial Services - Islamic finance 2009

Rankings at a glance
Award levelStandout
InnovationThe development of a unique structure in the US$1 billion Milestone Capital PCC Sukuk programme
Originality7
Rationale6
Impact8
Total21
DescriptionThe firm has enabled its client Gatehouse Bank to benefit from a genuinely flexible platform, which is resistant to changes in Shari'a rulings and can have any type of asset plugged into it. With the potential to cut time and costs by up to two thirds, it is highly replicable

Resourcing 2009

Rankings at a glance
Award levelStandout
InnovationSecretarial career path
Originality7
Rationale7
Impact6
Total20
DescriptionStructured around key competencies, this career path introduces technical ability assessments and skills development courses. Remuneration is now directly linked to performance, removing the link between seniority of fee earner and secretarial status

FT Law 50 2008

Rankings at a glance
2008 Rank14
2007 Rank7 (-7)
2008: Total score for ALL entries submitted230
2008: score band for ALL entries submitted (/10)5
Number of standout entries in FT REPORT0
Number of highly commended entries in FT REPORT2
Number of commended entries in FT REPORT2
2008: total weighted score for ranked entries in FT REPORT6
2008: score band for ranked entries in FT REPORT (/10)2
2007: total weighted score for ranked entries in FT REPORT15
2007: score band for ranked entries in FT REPORT (/5)2
2007: Profits per Equity Partner (PEP)1,040
2007: score band for PEP (/5)3
Assessment of management commitment and innovation value to firm (/20)11
Total Innovation Score in the FTLAW50 (/50)23

Technology & Know-How 2008

Rankings at a glance
Award LevelCommended
InnovationInvestment funds wiki: a solution to share knowledge with junior members of the team.
Originality6
Rationale6
Impact5
Total17
DescriptionA wiki where the firm made the effort to ensure that junior members of the team could also contribute without a cumbersome approvals process. The project was led by the lawyers rather than the IT team.

Client Service 2008

Rankings at a glance
Award LevelHighly commended
InnovationQuality of service auditors: independent, internal auditors who represent client's view to firm.
Originality7
Rationale7
Impact6
Total20
DescriptionReal thinking behind the firm's client feedback programme which appears to put the clients first.The auditors have the power to change relationship partners and initiate innovations in the firm.

Commercial 2008

Rankings at a glance
Award LevelHighly commended
SubmissionAdvising Boots pension fund trustees on the acquisition and takeover of private equity fund KKR.
Originality7
Rationale6
Impact7
Total20
DescriptionEstablished for the first time the pension trustees' right to appear at the court hearing for the Scheme of Arrangement. The firm secured a positive outcome for the 66,000 Boots pension-holders. They have a £600m safety net and their pensions are guaranteed.

Human Resources 2008

Rankings at a glance
Award LevelCommended
InnovationChanging Pension Management: introduction of a single new pension structure for all staff.
Originality6
Rationale5
Impact5
Total16
DescriptionA firm-wide overhaul of a key, emotionally sensitive benefit. A pension manager website now enables the firm and all staff to manage their pensions effectively.