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Public-Private Partnership 2008 (3)

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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 (2)

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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.

Public-Private Partnership 2008

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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.

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