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FT Law 50 2009

Rankings at a glance
2009 Rank5
2008 Rank4
2009 total score for ALL entries submitted176
2009 score band for ALL entries submitted (/10)5
Number of standout entries in FT REPORT4
Number of highly commended entries in FT REPORT0
Number of commended entries in FT REPORT3
2009: total weighted score for ranked entries in FT REPORT19
2009 Score band for ranked entries in FT REPORT (/10)7
2008: total weighted score for ranked entries in FT REPORT27
2008 score band for ranked entries in FT REPORT (/5)4
2009 Profits per Equity Partner (PEP) (£k)1,200
2009 Score band for PEP (/5)4
Assessment of management commitment and innovation value to firm (/20)17
Total Innovation Score in the FTLAW50 (/50)37

Billing and Fees 2009

Rankings at a glance
Award levelStandout
InnovationGlobal pricing
Originality7
Rationale7
Impact6
Total20
DescriptionThe only firm to have a team dedicated to advising and implementing a global pricing strategy, which allows it to offer a diverse menu of options to clients

Changing the rules 2009

Rankings at a glance
Award levelCommended
InnovationSociety for Worldwide Interbank Financial Telecommunication - SWIFT data privacy investigation
Originality7
Rationale6
Impact6
Total19
DescriptionWhen, in the post 9 / 11 fight against terrorism,the US Treasury subpoenaed SWIFT to disclose bank messaging information, it was investigated by the Belgian Privacy Commission. Linklaters argued that, as 'de facto delegate', it has limited data protection obligations compared to banks themselves

Dispute Resolution - credit crisis 2009

Rankings at a glance
InnovationStandout
Originality7
Rationale7
Impact7
Total21
DescriptionObtaining an initial moratorium and then a smart use of the court system enabled the firm to take control of Lehman’s relationships, limiting the potential “Balkanisation” of the group

Financial Crisis and the downturn 2009

Rankings at a glance
Award levelStandout
InnovationLehman Brothers administration
Originality7
Rationale7
Impact6
Total20
DescriptionPlayed an integral role advising Lehman’s administrators, innovating at every point to find solutions to stabilise the business. The client felt that few law firms would have been able to meet the challenge

Financial Crisis and the downturn 2009 (2)

Rankings at a glance
Award levelCommended
InnovationAn alternative to the German bank rescue scheme
Originality6
Rationale5
Impact6
Total17
DescriptionA €20bn structure to provide a lower cost and more flexible refinancing option for German bank, Nord LB. The trust structure uses the German refinancing register and, while guaranteed, avoids falling under state aid regulations

Law firm management 2009

Rankings at a glance
Award levelStandout
InnovationCredit crunch scenario planning
Originality6
Rationale8
Impact7
Total21
DescriptionA cross-section of partners and directors at Linklaters worked together to develop responses to the economic downturn, identifying key responses in resourcing, shifting markets and practice areas

Resourcing 2009

Rankings at a glance
Award levelCommended
InnovationGlobal resourcing strategy
Originality5
Rationale6
Impact5
Total16
DescriptionMaking training, experiences and opportunities more consistent across all offices. Includes practice diplomas and a global work experience programme

FT Law 50 2008

Rankings at a glance
2008 Rank4
2007 Rank3 (-1)
2008: Total score for ALL entries submitted263
2008: score band for ALL entries submitted (/10)6
Number of standout entries in FT REPORT3
Number of highly commended entries in FT REPORT5
Number of commended entries in FT REPORT5
2008: total weighted score for ranked entries in FT REPORT27
2008: score band for ranked entries in FT REPORT (/10)7
2007: total weighted score for ranked entries in FT REPORT40
2007: score band for ranked entries in FT REPORT (/5)5
2007: Profits per Equity Partner (PEP)1,440
2007: score band for PEP (/5)4
Assessment of management commitment and innovation value to firm (/20)16
Total Innovation Score in the FTLAW50 (/50)38

Finance 2008

Rankings at a glance
Award LevelHighly commended
InnovationTata Steel's acquisition of Corus Group.
Originality6
Rationale6
Impact6
Total18
DescriptionThis massive transaction involved Linklaters having to reshape the debt facilities following the downturn. The team also achieved a complex agreement to accommodate the Corus pension funds, including those of British Steel.

Fraud 2008

Rankings at a glance
Award LevelCommended
InnovationDefence of Citi €12 billion trade on MTS and Eurex markets against charges of market abuse, and breaches of exchange regulations.
Originality5
Rationale6
Impact5
Total16
DescriptionIn-depth investigation and on-going defence of the Citi trade in multiple jursidictions across Europe where the regulations are new. Successfully argued for the Belgian regulator to accept principle of double jeopardy, as Citi had already been tried and penalised for a minor breach in the UK.

Management 2008

Rankings at a glance
Award LevelHighly commended
InnovationStrategic Business Planning Tool and Balanced Scorecard.
Originality5
Rationale6
Impact7
Total18
DescriptionUsing an on-line system to make strategic plans that integrate firm-wide objectives into practice area, industry sector and office business plans. Enables the firm to use numbers more as the financial expression of a business plan rather than the driver.

Marketing & PR 2008

Rankings at a glance
Award LevelStandout
InnovationA series of seminars looking at climate change from different perspectives. Exceptionally well-executed.
Originality5
Rationale7
Impact7
Total19
DescriptionInvolved some leading figures - Lord Stern, author of the Stern Review on climate change; Hilary Benn, the UK environment secretary; and Lord Browne, ex- chief executive of BP. Attendees felt it was comparable to a Chatham House event and commendable for the firm to instigate this debate.

Publishing 2008

Rankings at a glance
Award LevelCommended
InnovationLinklaters Quarterly
Originality5
Rationale5
Impact5
Total15
DescriptionIntellectual content on business topics, professional journalists, based on the McKinsey Quarterly idea but heavily Linklaters branded.

Client Service 2008

Rankings at a glance
Award LevelCommended
InnovationKnowhow consultancy: helping clients develop their expertise and access the firm's resources.
Originality5
Rationale6
Impact5
Total16
DescriptionNot the first firm to go down this route, but because of Linklaters' resources, they are providing a knowledge management consultancy with real clout for big clients. Initiatives include secondments, advice and free access to knowledge management resource

Corporate 2008

Rankings at a glance
Award LevelHighly commended
InnovationConsortium bid for ABN AMRO, at €71.1 bn the largest ever takeover bid in the financial services sector.
Originality6
Rationale5
Impact6
Total17
DescriptionLinklaters, as principal adviser to the Royal Bank of Scotland in the non-recommended consortium bid for ABN AMRO, had to work without access to the due diligence available to the preferred bidder, Barclays. The firm's strategy of using an 'early commencement' of the offer period in the US paid off.

Human Resources 2008

Rankings at a glance
Award LevelStandout
InnovationThe Linklaters 'deal': global career development programme for associates.
Originality7
Rationale8
Impact7
Total22
DescriptionA systematic initiative to give associates more of a valuable, portable career, based on a "grow and go" model rather than the common "up and out" approach.

Human Resources 2008 (2)

Rankings at a glance
Award LevelHighly commended
InnovationGlobal career development programme for business services staff.
Originality5
Rationale6
Impact7
Total18
DescriptionA pragmatic, throrough approach to business services training that is rare in law firms. Includes a global talent programme to encourage talented advisors to become leaders and provides experiential training at every level.

Public-Private Partnership 2008

Rankings at a glance
ProjectThe UK's Future Strategic Tanker Aircraft (FSTA): £13bn to procure and run the UK's air to air refuelling capability worldwide.
Award LevelHighly commended
Originality6
Creativity7
Impact2
Total15
The lawyers' innovationHighly unusually, the firm negotiated the deal for the funders before they were appointed. When the lenders came in, there were no changes made to the concession agreement the firm had put in place. When the bond market collapsed in 2007, their work made it easy for the incoming banks to supply the required £2.5bn financing in just six weeks.

Public-Private Partnership 2008 (2)

Rankings at a glance
ProjectMilitary Flight Training System (MFTS): the provision of training services for the MoD using a new model.
Award LevelCommended
Originality4
Creativity6
Impact3
Total13
The lawyers' innovationActing for the bank on the MoD's new methodology to provide training services with private company providers. The integrator model requires a complicated corporate structure with multiple contracts and multiple companies. The firm made it financable. The framework will allow the MoD to bring in other PPP / PFI projects.

Public-Private Partnership 2008 (3)

Rankings at a glance
ProjectFuture Provision of Marine Services PFI (FPMS): a £1bn MoD project for the delivery of ancillary port services at all the major Royal Navy ports in the UK.
Award LevelCommended
Originality4
Creativity6
Impact3
Total13
The lawyers' innovationActing for the sponsor, the firm's project management was key in delivering the project. Their knowledge of what was bankable combined with their understanding of what generic concessions should be made from a public sector point of view, delivered the contract to the required timescale.