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FT Law 50 2009

Rankings at a glance
2009 Rank16
2008 Rank40
2009 total score for ALL entries submitted36
2009 score band for ALL entries submitted (/10)1
Number of standout entries in FT REPORT1
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT0
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 REPORT0
2008 score band for ranked entries in FT REPORT (/5)0
2009 Profits per Equity Partner (PEP) (£k)1,253
2009 Score band for PEP (/5)4
Assessment of management commitment and innovation value to firm (/20)16
Total Innovation Score in the FTLAW50 (/50)23

US Financial Crisis and the downturn 2009

Rankings at a glance
Award levelHighly commended
InnovationLehman Brothers: speeding up bankruptcy sales (“363s”)
Originality6
Rationale7
Impact8
Total21
DescriptionThe firm accelerated cumbersome court procedures, enabling Lehman’s US investment banking business to be sold to Barclays before assets could depreciate. It set a new standard for “363s”, followed in GM and Chrysler sales

US Financial Crisis and the downturn 2009 (2)

Rankings at a glance
Award levelCommended
InnovationVertis double pre-pack merger with American Color Graphics
Originality6
Rationale7
Impact6
Total19
DescriptionDevised a dual reorganisation structure without precedent, combining a “pre-packed” debt-for-equity restructuring with a merger. The creditors received a higher rate of recovery and both the companies were effectively saved

US Financial Crisis and the downturn 2009 (3)

Rankings at a glance
Award levelCommended
InnovationChief restructuring counsel to AIG
Originality6
Rationale6
Impact6
Total18
DescriptionAssisting the company in the partial restructuring of obligations to the Fed reserve, the firm's most important work was converting part of the loan to preferred equity, without affecting the priorities of creditors

FT Law 50 2008

Rankings at a glance
2008 Rank40
2007 Rank-
2008: Total score for ALL entries submitted31
2008: score band for ALL entries submitted (/10)1
Number of standout entries in FT REPORT0
Number of highly commended entries in FT REPORT0
Number of commended entries in FT REPORT0
2008: total weighted score for ranked entries in FT REPORT0
2008: score band for ranked entries in FT REPORT (/10)0
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)1,055
2007: score band for PEP (/5)3
Assessment of management commitment and innovation value to firm (/20)10
Total Innovation Score in the FTLAW50 (/50)14

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

Rankings at a glance
OriginNew York
OfficesBudapest, Frankfurt, London, Munich, Paris, Prague, Warsaw
Clients and work in EuropeTerra Firma Capital Partners, Suez, Saban Capital Group. Advised private equity firms including JP Morgan Partners in the merger of Spanish companies Ono and Auna.
Global turnover 2007 ($US)*1,050m
Growth in global turnover 2005-2007 (%)16
Headcount in Europe 2008300
Headcount growth 2005-2008 (%)33
Headcount growth score /52
Astute lateral hire score /55
Strategic summaryThe firm continues to maintain and expand its business in Europe through a mixture of mergers and astute lateral hires. Significantly grown France and Germany over the past three years. Also has a dynamic Central European practice.
Strategic innovation score /106
Market reputation for innovation: score band /54
Total score17