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Most innovative law firms 2016: Innovation in navigating regulation (2)

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Total innovation score23
Originality8
Rationale8
Impact7
DescriptionAdvised on the establishment of a not-for-profit reinsurance company to address market failure concerning the provision of flood damage insurance in the UK.

Most innovative law firms 2016: Innovation in navigating regulation

View full ranking
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Rankings at a glance
AwardStandout
Total innovation score26
Originality9
Rationale9
Impact8
DescriptionPlayed a critical role in creating a new UK tax-transparent fund known as an authorised contractual scheme (ACS) to compete with Luxembourg and Dublin. Thanks to this competition, ACSs can now protect the investment management sector, an integral part of the UK economy, estimated to contribute £12bn every year. The firm established a novel basis for ACSs with a co-ownership structure, which means all the fund's investors have contractual relationships, a direct interest in the scheme's assets and limited liability. Commended: Pamela Thompson and Camilla Spielman.