Financial Times FT.com

Resources

Latham & Watkins logo Latham & Watkins

FT Law 50 2009

Rankings at a glance
2009 Rank20
2008 Rank12
2009 total score for ALL entries submitted114
2009 score band for ALL entries submitted (/10)3
Number of standout entries in FT REPORT1
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT1
2009: total weighted score for ranked entries in FT REPORT7
2009 Score band for ranked entries in FT REPORT (/10)3
2008: total weighted score for ranked entries in FT REPORT8
2008 score band for ranked entries in FT REPORT (/5)1
2009 Profits per Equity Partner (PEP) (£k)986
2009 Score band for PEP (/5)4
Assessment of management commitment and innovation value to firm (/20)11
Total Innovation Score in the FTLAW50 (/50)22

Client Service 2009

Rankings at a glance
Award levelHighly commended
Innovation“Capture” dynamic document tool
Originality6
Rationale7
Impact6
Total19
DescriptionThe tool captures client requirements in outsourcing deals, where speed and cost are critical. It reduces expenditure while focusing clients on the key issues

Dispute Resolution - non credit crisis 2009

Rankings at a glance
Award levelStandout
InnovationCartel-busting action
Originality6
Rationale7
Impact8
Total21
DescriptionChallenging the accepted rule that music cartels were sacrosanct, the firm proved that a 1989 judgment does not apply in the digital age. Eight years of lobbying saw a decision overturning the cartels

Law firm management 2009

Rankings at a glance
Award levelCommended
InnovationStrategic video conferencing
Originality7
Rationale6
Impact5
Total18
DescriptionThe firm is using a new technology, Telepresence, to simulate the dynamics of real meetings. It can inter-connect with notebooks and has been used by their clients in negotiations

US Financial Crisis and the downturn 2009

Rankings at a glance
Award levelCommended
InnovationLeonard Green's Private Investment in Public Equity in Whole Foods
Originality6
Rationale6
Impact6
Total18
DescriptionAgainst backdrop of difficult credit markets, the firm advised the private equity house on highly complex structured investments. Set in place a new standard of long-term PIPE investments to feed private equity funding towards struggling businesses

US Financial Crisis and the downturn 2009 (2)

Rankings at a glance
Award levelCommended
InnovationResolving the mortgage meltdown through litigation
Originality5
Rationale6
Impact6
Total17
DescriptionThe firm defended Impac Mortgage Holdings from allegations of misrepresenting the risks of their real estate subprime loans to investors. Encouraged the US courts to strictly interpret the law and set a precedent which is being referred to in subsequent cases

FT Law 50 2008

Rankings at a glance
2008 Rank12
2007 Rank10 (-2)
2008: Total score for ALL entries submitted155
2008: score band for ALL entries submitted (/10)4
Number of standout entries in FT REPORT0
Number of highly commended entries in FT REPORT2
Number of commended entries in FT REPORT4
2008: total weighted score for ranked entries in FT REPORT8
2008: score band for ranked entries in FT REPORT (/10)2
2007: total weighted score for ranked entries in FT REPORT9
2007: score band for ranked entries in FT REPORT (/5)2
2007: Profits per Equity Partner (PEP)1,135
2007: score band for PEP (/5)3
Assessment of management commitment and innovation value to firm (/20)12
Total Innovation Score in the FTLAW50 (/50)23

Finance 2008

Rankings at a glance
Award LevelHighly commended
InnovationEurotunnel restructuring.
Originality7
Rationale5
Impact6
Total18
DescriptionAs adviser to Deutsche Bank, the pivotal creditor in the restructuring, the firm led the creditor negotiations.

Finance 2008 (2)

Rankings at a glance
Award LevelCommended
InnovationPensions First Limited innovative capital market solution
Originality8
Rationale5
Impact4
Total17
DescriptionOpening up the pensions sector to the capital markets, bringing transparency and efficiency. This transaction involved the first longevity bonds to be listed on a recognised stock exchange.

Management 2008

Rankings at a glance
Award LevelCommended
InnovationOverall management approach: various initiatives.
Originality4
Rationale6
Impact6
Total16
DescriptionContinually innovating in its management approach. Its forum for women, 'Women Enriching Business', for example, finds solutions for both female lawyers and female clients to workplace challenges.

Technology & Know-How 2008

Rankings at a glance
Award LevelHighly Commended
InnovationA home-grown knowledge management system devised by a partner in the investment funds practice.
Originality6
Rationale7
Impact7
Total20
DescriptionThe system drives better practice through increased sharing of data and analysis that is not regimented. Individual associates are responsible for their own areas of it and it enables the group to better service clients.

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

Rankings at a glance
OriginLos Angeles
OfficesBarcelona, Brussels, Frankfurt, Hamburg, London, Madrid, Milan, Moscow, Munich, Paris, Rome
Clients and work in EuropeQatar Investment Authority, E.ON Kernkraft, BC Partners. Advised BC Partners on $16.6 billion acquisition of Intelsat.
Global turnover 2007 ($US)*1,624m
Growth in global turnover 2005-2007 (%)35
Headcount in Europe 20081,629
Headcount growth 2005-2008 (%)35
Headcount growth score /52
Astute lateral hire score /55
Strategic summaryOverwhelmingly, the legal market's recommended US firm in Europe. Innovation permeates the DNA of this firm from management approach to culture. Continues to make top lateral hires, and established their Italian operation in November 2007.
Strategic innovation score /1010
Market reputation for innovation: score band /55
Total score22

Commercial 2008

Rankings at a glance
Award LevelCommended
SubmissionOutsourcing transactions: a contractually innovative form of change management
Originality5
Rationale6
Impact5
Total16
DescriptionThe firm. Together with Boston Consulting Group, has merged management consultancy practice with an outcomes-based contractual approach taken from outsoucing. Clients use these contracts to better address risk and reward during change management programmes.

Corporate 2008

Rankings at a glance
Award LevelCommended
InnovationInitial public offering of VTB, Russia's second largest bank.
Originality6
Rationale5
Impact5
Total16
DescriptionIn the first foreign listing of a Russian Bank, Latham came up with a novel new repurchase option structure to stabilise the transaction.