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FT Law 50 2009

Rankings at a glance
2009 Rank6
2008 Rank16
2009 total score for ALL entries submitted233
2009 score band for ALL entries submitted (/10)6
Number of standout entries in FT REPORT3
Number of highly commended entries in FT REPORT2
Number of commended entries in FT REPORT4
2009: total weighted score for ranked entries in FT REPORT20
2009 Score band for ranked entries in FT REPORT (/10)7
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)1,643
2009 Score band for PEP (/5)5
Assessment of management commitment and innovation value to firm (/20)15
Total Innovation Score in the FTLAW50 (/50)35

Changing the rules 2009

Rankings at a glance
Award levelCommended
InnovationAdvising Bertelsmann on its successful joint appeal with Sony Corporation of America to the European Court Of Justice
Originality5
Rationale6
Impact6
Total17
DescriptionSlaughter and May represented music giant Bertelsmann on its successful joint appeal with Sony to the ECJ to overturn the annulment of the European Commission's merger clearance

Changing the rules 2009 (2)

Rankings at a glance
Award levelCommended
InnovationResolution Limited - Initial Public Offering of its Shares
Originality6
Rationale5
Impact5
Total16
DescriptionThe firm acted for Resolution on this IPO in which the Guernsey incorporated company outsourced majority of its operating functions enabling it to achieve secondary listing as an overseas company

Client Service 2009

Rankings at a glance
Award levelCommended
InnovationCrisis management programme
Originality5
Rationale5
Impact7
Total17
DescriptionA series of events for senior lawyers from clients, attracting high-profile speakers and attended by Europe’s top general counsels

Dispute Resolution - credit crisis 2009

Rankings at a glance
InnovationHighly commended
Originality6
Rationale7
Impact6
Total19
DescriptionSlaughter and May brought about the first instance of the High Court summarily assessing the whole costs of an action, where the hearing was for more than one day and where substantial costs occurred

Financial Services - Longevity risk and mortgages 2009

Rankings at a glance
Award levelCommended
InnovationEnabling Standard Life Assurance to transfer longevity risk to Canada Life International
Originality5
Rationale6
Impact6
Total17
DescriptionThrough a 'deposit back' structure, the firm reduced counterparty risk. It ensured that in the event of default by the reinsurer, the seeding office would still have the assets. In effect, a safety net against credit risk

Financial Services 2009

Rankings at a glance
Award levelHighly commended
InnovationSplitting the Bradford & Bingley pension scheme
Originality6
Rationale7
Impact6
Total19
DescriptionTo transfer the retail deposit books of B&B to Abbey the firm had to split the pension scheme into two sections, sharing trustees but with separate assets and liabilities. This minimised Abbey’s pension exposure without damaging scheme members’ interests

Government 2009

Rankings at a glance
Award levelStandout
InnovationThe blueprint for Europe-wide crisis intervention measures
Originality8
Rationale8
Impact9
Total25
DescriptionThe firm devised the threefold structure of increased liquidity, guarantee schemes and recapitalisations for the UK Treasury. Later, work on the asset protection scheme for Lloyds and RBS involved exceptional complexity

Government 2009 (2)

Rankings at a glance
Award levelStandout
InnovationTransferring banks and building societies into different hands
Originality6
Rationale7
Impact8
Total21
DescriptionThe firm developed the Banking (Special Provisions) Act, enabling the transfer of £20bn (€21.7bn) from the ailing Northern Rock in 48 hours. It also acted as key adviser on the transfers for Bradford & Bingley and the Dunfermline Building Society

Government 2009 (3)

Rankings at a glance
Award levelStandout
InnovationSolutions to the Icelandic banking collapse
Originality7
Rationale6
Impact7
Total20
DescriptionAn unusual mixture of international insolvency law and political turmoil formed the backdrop to the firm’s work to recover Icesave funds from the failed Landsbanki, as well as transferring further bank deposit books to ING Direct

FT Law 50 2008

Rankings at a glance
2008 Rank16
2007 Rank8 (-8)
2008: Total score for ALL entries submitted87
2008: score band for ALL entries submitted (/10)2
Number of standout entries in FT REPORT2
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT0
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 REPORT11
2007: score band for ranked entries in FT REPORT (/5)2
2007: Profits per Equity Partner (PEP)2,250
2007: score band for PEP (/5)5
Assessment of management commitment and innovation value to firm (/20)10
Total Innovation Score in the FTLAW50 (/50)22

Corporate 2008

Rankings at a glance
Award LevelStandout
InnovationThomson Reuters: the first UK-Canadian dual listed company.
Originality7
Rationale7
Impact7
Total21
DescriptionThe firm advised on the creation of a dual listed company with both parent companies listed in North America and the UK. The firm was instrumental in devising a structure that, crucially, persuaded the Reuters' Founders Share Company (FSC) that the merger would be in the spirit of the founders.

Corporate 2008 (2)

Rankings at a glance
Award LevelHighly commended
InnovationAkzo Nobel purchase of ICI following pre-sell of part of the business to Henkel.
Originality6
Rationale5
Impact6
Total17
DescriptionThe firm's technical expertise enabled it to plan and structure a highly unusual pre-sell of part of the ICI's business, thereby anabling the vital shareholder approval. The resulting extra money in the bid ensured the recommendation of the ICI board and the deliverability of the transaction.

Dispute Resolution 2008

Rankings at a glance
Award LevelStandout
InnovationLords ruling (July 2007) that Sempra Metals was entitled to compound interest on advanced corporation tax payments.
Originality6
Rationale6
Impact7
Total19
DescriptionA landmark judgement of wide application and destined for student textbooks, the latest ruling in Sempra's 12 year litigation recognised that interest payments in the commercial world are calculated on a compound basis.