Financial Times FT.com

Resources

Cleary Gottlieb Steen & Hamilton logo Cleary Gottlieb Steen & Hamilton

FT Law 50 2008

Rankings at a glance
2008 Rank27
2007 Rank-
2008: Total score for ALL entries submitted112
2008: score band for ALL entries submitted (/10)3
Number of standout entries in FT REPORT1
Number of highly commended entries in FT REPORT0
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 REPORT0
2007: score band for ranked entries in FT REPORT (/5)0
2007: Profits per Equity Partner (PEP)1,070
2007: score band for PEP (/5)3
Assessment of management commitment and innovation value to firm (/20)9
Total Innovation Score in the FTLAW50 (/50)17

Finance 2008

Rankings at a glance
Award LevelCommended
InnovationInnovative contingent capital structures for Deutsche Bank.
Originality6
Rationale5
Impact5
Total16
DescriptionThe firm has helped to develop new structures which allow the bank to maintain its liquidity while maintaining control over its capital structure.

Technology & Know-How 2008

Rankings at a glance
Award LevelStandout
InnovationKnowledge Maps that distill partners' expertise on complex subjects.
Originality9
Rationale8
Impact5
Total22
DescriptionCleary hired Tacit Connexions who used military technology and artificial intelligence principles to extract both implicit and explicit expertise from partners to help junior lawyers. The technology has been used to help brain dump from fighter pilots to build flight simulators.

Top 10 US Law Firms In Europe For Innovation In Expansion 2008

Rankings at a glance
OriginNew York
OfficesBrussels, Cologne, Frankfurt, London, Milan, Moscow, Paris, Rome
Clients and work in EuropeDubai World, JC Flowers, First Reserve. Represented Mittal Steel in its successful €26.6 bn bid for Arcelor.
Global turnover 2007 ($US)*813m
Growth in global turnover 2005-2007 (%)17
Headcount in Europe 2008360
Headcount growth 2005-2008 (%)14
Headcount growth score /51
Astute lateral hire score /51
Strategic summaryWith a long history in Europe, the firm continues to garner recommendations for their business strategy here. Although the firm's steady growth and management approach is not strictly innovative, it's ability to run genuinely local businesses in Europe differentiates them from their peers.
Strategic innovation score /103
Market reputation for innovation: score band /52
Total score7

Corporate 2008

Rankings at a glance
Award LevelCommended
InnovationGrupo Peterson: innovation in deal structuring.
Originality6
Rationale4
Impact5
Total15
DescriptionThe firm contributed to this novel form of structuring which allowed banks to lend to an Argentina-based company with the security of New York-based assets as collateral.