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FT Law 50 2009

Rankings at a glance
2009 Rank10
2008 Rank11
2009 total score for ALL entries submitted131
2009 score band for ALL entries submitted (/10)4
Number of standout entries in FT REPORT2
Number of highly commended entries in FT REPORT0
Number of commended entries in FT REPORT1
2009: total weighted score for ranked entries in FT REPORT9
2009 Score band for ranked entries in FT REPORT (/10)3
2008: total weighted score for ranked entries in FT REPORT9
2008 score band for ranked entries in FT REPORT (/5)2
2009 Profits per Equity Partner (PEP) (£k)405
2009 Score band for PEP (/5)2
Assessment of management commitment and innovation value to firm (/20)16
Total Innovation Score in the FTLAW50 (/50)27

Billing and Fees 2009

Rankings at a glance
Award levelStandout
InnovationLoyalty card scheme
Originality7
Rationale6
Impact7
Total20
DescriptionClients can accrue notional points in the firm’s value account scheme. Points can be spent on secondments or free access to information systems

Financial Crisis and the downturn 2009

Rankings at a glance
Award levelCommended
InnovationManaging special purpose vehicles
Originality5
Rationale6
Impact5
Total16
DescriptionBLP managed the obligations of around 40 special purpose vehicles previously represented by their credit arranger, Lehman Brothers. The lawyers negotiated full commercial agreements to ensure the SPV bond holders suffered no loss

Financial Services 2009

Rankings at a glance
Award levelStandout
InnovationNew regulatory guidance on market abuse
Originality6
Rationale8
Impact7
Total21
DescriptionThe Financial Services Auhtority has introduced strict new rules but without concrete advice on implementation. BLP developed practical industry-wide advice via the Futures and Options Association

FT Law 50 2008

Rankings at a glance
2008 Rank11
2007 Rank21 (+10)
2008: Total score for ALL entries submitted104
2008: score band for ALL entries submitted (/10)2
Number of standout entries in FT REPORT2
Number of highly commended entries in FT REPORT0
Number of commended entries in FT REPORT1
2008: total weighted score for ranked entries in FT REPORT9
2008: score band for ranked entries in FT REPORT (/10)3
2007: total weighted score for ranked entries in FT REPORT3
2007: score band for ranked entries in FT REPORT (/5)1
2007: Profits per Equity Partner (PEP)620
2007: score band for PEP (/5)2
Assessment of management commitment and innovation value to firm (/20)15
Total Innovation Score in the FTLAW50 (/50)23

Management 2008

Rankings at a glance
Award LevelCommended
InnovationMarketing the firm's international capability.
Originality5
Rationale7
Impact5
Total17
DescriptionAn effective approach to managing its preferred relationships with foreign law firms through a thorough communications programme internally, between firms and to clients. Has increased the international client base during the past two years.

Client Service 2008

Rankings at a glance
Award LevelStandout
InnovationLawyers on Demand: acting as an employment agency for clients.
Originality9
Rationale7
Impact7
Total23
DescriptionA pilot scheme to help clients access qualified lawyers when needed. BLP is developing a pool of well qualified lawyers who are pursuing non-legal interests but who still need to earn a salary. The firm, in effect, 'seconds' these lawyers to clients and h

Human Resources 2008

Rankings at a glance
Award LevelStandout
InnovationIn-house Headhunter: top recruiter employed by the firm to find high calibre associates.
Originality8
Rationale6
Impact7
Total21
DescriptionFocused, resourceful recruitment initiative. Uses internal lawyers to source potential candidates in return for bonuses. Firm saves £500,000 in recruitment fees. 44 associates and partners recruited in 24 months.