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FT Law 50 2009

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Rankings at a glance
2009 Rank12
2008 Rank9
2009 total score for ALL entries submitted197
2009 score band for ALL entries submitted (/10)5
Number of standout entries in FT REPORT0
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT4
2009: total weighted score for ranked entries in FT REPORT6
2009 Score band for ranked entries in FT REPORT (/10)2
2008: total weighted score for ranked entries in FT REPORT10
2008 score band for ranked entries in FT REPORT (/5)2
2009 Profits per Equity Partner (PEP) (£k)n/a[1]
2009 Score band for PEP (/5)3
Assessment of management commitment and innovation value to firm (/20)14
Total Innovation Score in the FTLAW50 (/50)26
Footnotes

1. Estimate used, based on RSG Consulting research

Client Service 2009

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Rankings at a glance
Award levelCommended
InnovationFamily business service
Originality5
Rationale5
Impact6
Total16
DescriptionThe first firm to offer a multi-disciplinary legal service to family businesses in Chile and Mexico

Continental European Firms 2009

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Rank2
CountrySpain
Weighted score6
Total score197

Financial Crisis and the downturn 2009

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Award levelHighly commended
InnovationUsing an industrial lease to save an insolvent company
Originality6
Rationale7
Impact6
Total19
DescriptionLCN was unable to purchase Promek’s insolvent business until proceedings were concluded. Garrigues proposed an industrial lease agreement, allowing the purchaser to save the business in exchange for a discounted future price

Financial Crisis and the downturn 2009 (2)

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Award levelCommended
InnovationHelping to reform Spanish insolvency law
Originality5
Rationale7
Impact5
Total17
DescriptionUsing its exposure to local courts through its 27 Spanish offices, the firm compiled a case law database on the 2004 insolvency law, later made available to the government when insolvency legislation was reformed in March 2009

Financial Services 2009

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Award levelCommended
InnovationFirst multi-asset security collateralised loan obligation
Originality6
Rationale6
Impact6
Total18
DescriptionFirst securitisation in Spain to operate with different assets and in different jurisdictions – extremely challenging under Spanish law

FT Law 50 2008

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Rankings at a glance
2008 Rank9
2007 Rank-
2008: Total score for ALL entries submitted188
2008: score band for ALL entries submitted (/10)4
Number of standout entries in FT REPORT1
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT4
2008: total weighted score for ranked entries in FT REPORT10
2008: score band for ranked entries in FT REPORT (/10)3
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]
2007: score band for PEP (/5)1
Assessment of management commitment and innovation value to firm (/20)16
Total Innovation Score in the FTLAW50 (/50)24
Footnotes

1. Estimate based on RSG Consulting research. PEP figures taken from The Lawyer magazine 2008 and RSG Consulting research.

Responsible Business 2008

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Rankings at a glance
Award LevelCommended
InnovationPro bono project with the World Bank: teaching Latin American judges the basics of accounting.
Originality6
Rationale6
Impact6
Total18
DescriptionA contribution to the World Bank's Global Development Learning Network (GDLN) training programme via an initiative from the firm's partners who developed and taught the course so judges can get a basic grasp of insolvency and restructuring.

Responsible Business 2008 (2)

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Award LevelCommended
InnovationCSR report.
Originality7
Rationale6
Impact5
Total18
DescriptionFirst Spanish law firm to produce a CSR report under Global Reporting Initiative guidelines.

Technology & Know-How 2008

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Award LevelStandout
InnovationLogalty: a joint venture between Garrigues and T-Systems enables contracts to be securely signed over the web.
Originality9
Rationale8
Impact5
Total22
DescriptionProvides a third party secure system to guarantee online transactions electronically. The firm was instrumental in designing a system that provides durable legal proof. To date ten companies are testing it, but it could have global impact.

Client Service 2008

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Award LevelCommended
InnovationAffinitas: international multi-disciplinary CO2 network.
Originality5
Rationale7
Impact5
Total17
DescriptionBringing together a host of professionals, the firm offers clients access to climate change expertise they would otherwise find difficult to source.

Continental European Firms 2008

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Rankings at a glance
Rank1
Founding date1941
CountrySpain
Total Report score188
Total weighted score10

Human Resources 2008

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Rankings at a glance
Award LevelHighly commended
InnovationPost-graduate programme in contract law for trainees with Harvard Law School.
Originality7
Rationale6
Impact5
Total18
DescriptionGarrigues and Harvard Law school offer a joint post-graduate course for all practising junior lawyers which is the first of its kind in Spain. Course comprises 262 classroom hours, uses distance monitoring and on-line training technologies.

Public-Private Partnership 2008

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ProjectEnabling a consortium of Spanish city councils to re-finance their water services.
Award LevelCommended
Originality2
Creativity6
Impact3
Total11
The lawyers' innovationAn unusually structured deal which involved 17 city councils. To arrange one structure that involved all these municipalities and the provincial government was difficult.