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FT Law 50 2009

Rankings at a glance
2009 Rank11
2008 Rank7
2009 total score for ALL entries submitted182
2009 score band for ALL entries submitted (/10)5
Number of standout entries in FT REPORT0
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT4
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 REPORT17
2008 score band for ranked entries in FT REPORT (/5)3
2009 Profits per Equity Partner (PEP) (£k)294
2009 Score band for PEP (/5)1
Assessment of management commitment and innovation value to firm (/20)16
Total Innovation Score in the FTLAW50 (/50)27

Changing the rules 2009

Rankings at a glance
Award levelCommended
InnovationDolland & Aitchison and Boots Opticians merger - pension solution
Originality6
Rationale5
Impact5
Total16
DescriptionAn innovative pensions solution involving creation of a customised package of security and income streams

Client Service 2009

Rankings at a glance
Award levelCommended
InnovationAutomated online work approval
Originality5
Rationale6
Impact6
Total17
DescriptionOffer to switch Mercedes Benz’ paper forms to an online system. Wragge helped develop a solution to give its client consistency and visibility when instructing law firms

Financial Services - Islamic finance 2009

Rankings at a glance
Award levelCommended
InnovationShari'a compliant foreign exchange swap
Originality5
Rationale6
Impact5
Total16
DescriptionWa'ad promises were deployed to enable the first European Sharia'a compliant foreign exchange swap. This new product works to significantly simplify both paperwork and costs

Resourcing 2009

Rankings at a glance
Award levelHighly commended
InnovationIn-house outplacement team
Originality6
Rationale6
Impact6
Total18
DescriptionA systematic outplacement service for staff facing redundancy. The firm diverted the human resources team to look for opportunities for its fee earners

FT Law 50 2008

Rankings at a glance
2008 Rank7
2007 Rank5 (-2)
2008: Total score for ALL entries submitted300
2008: score band for ALL entries submitted (/10)6
Number of standout entries in FT REPORT1
Number of highly commended entries in FT REPORT4
Number of commended entries in FT REPORT5
2008: total weighted score for ranked entries in FT REPORT17
2008: score band for ranked entries in FT REPORT (/10)5
2007: total weighted score for ranked entries in FT REPORT20
2007: score band for ranked entries in FT REPORT (/5)3
2007: Profits per Equity Partner (PEP)483
2007: score band for PEP (/5)1
Assessment of management commitment and innovation value to firm (/20)18
Total Innovation Score in the FTLAW50 (/50)33

Finance 2008

Rankings at a glance
Award LevelHighly commended
InnovationDeveloping and launching Smartfund in the UK, the first retail investment product approved by the Financial Services Authority.
Originality8
Rationale5
Impact6
Total19
DescriptionThe firm had to find a way to introduce the Australian concept of separately managed accounts into the UK unit trust regulatory framework. With the introduction of additional transparency, this could see a shake-up of the role of unit trust fund managers.

Billing and Fees 2008

Rankings at a glance
Award LevelCommended
InnovationUsing CFAs and ATE for commercial cases.
Originality5
Rationale5
Impact6
Total16
DescriptionA systematic approach where all Wragge litigators are trained in how to use these funding arrangements.

Commercial 2008

Rankings at a glance
Award LevelHighly commended
SubmissionAdvice to EMAP pensions trustees on takeover by specialist insurer of the pension scheme.
Originality7
Rationale6
Impact6
Total19
DescriptionThe firm facilitated the agreement of the trustees enabling EMAP to leave its pension scheme and the incoming insurer to develop a new market.

Commercial 2008 (2)

Rankings at a glance
Award LevelCommended
SubmissionCentral Surrey Health:a public to private transfer of community health services.
Originality6
Rationale6
Impact5
Total17
DescriptionWragge's partner took a hugely active role and documented from scratch a new model private healthcare company. It was bought by its staff who sell services back to the NHS.

Commercial 2008 (3)

Rankings at a glance
Award LevelCommended
SubmissionThe conduct of equal pay claims against a local authority.
Originality5
Rationale6
Impact6
Total17
DescriptionA fresh approach to the conduct of these politically sensitive cases alongside negotiation of new pay settlements with unions. The firm combines strong project management skills with lateral thinking to expedite the cases.

Corporate 2008

Rankings at a glance
Award LevelHighly commended
InnovationThe creation of a contractual profit reserve: a solution to help companies tailor the treatment of profit reserves on a balance sheet.
Originality6
Rationale7
Impact6
Total19
DescriptionThis new structure enables pension trustees and the company to agree specifically what the arrangements will be for paying dividends to shareholders. It avoids the common but expensive route of creating a super-imposed company.

Corporate 2008 (2)

Rankings at a glance
Award LevelCommended
InnovationM&A-style due diligence for the National Health Service.
Originality4
Rationale6
Impact6
Total16
DescriptionBringing corporate rigour to due diligence in the NHS, the firm can claim credit for streamlining processes to help the government deliver its surgery target time of 18 weeks. With the Department of Health, the firm devised new ways to deliver the controversial Independent Sector Treatment Centres.

Dispute Resolution 2008

Rankings at a glance
Award LevelHighly commended
InnovationCinpres Gas Injection v Melea Ltd: longest running dispute in the English patents court.
Originality6
Rationale6
Impact5
Total17
DescriptionA hard fought case to prove that a series of judicial decisions were based on perjured evidence. This "very strange" case, as described by the judicial system, also set a precedent that an employee's perjury constitutes an employer's fraud.

Human Resources 2008

Rankings at a glance
Award LevelCommended
InnovationTeaching partners and associates to become coaches using bespoke programme from Kaizen Consulting.
Originality6
Rationale6
Impact5
Total17
DescriptionUsing coaching to create a safe environment to transfer knowledge. Coaching is flexible and used in 10 minute slots to create a system of regular, responsive feedback.

Public-Private Partnership 2008

Rankings at a glance
ProjectCVF Alliance Project: the £3.9bn project to build the UK's next generation of aircraft carriers.
Award LevelStandout
Originality6
Creativity7
Impact4
Total17
The lawyers' innovationIn the context of this very complex, first multi-party alliance for the MoD, the firm became the trusted lynchpin for the project. It designed the basic structure, which involved a lot of creative thinking from a 'ring of fire' to protect the MoD's IP to negotiating indemnity insurance to protect the MoD from the effects of poor design. The MoD has issued a legal partnering handbook where the firm's work on this project is held as best practice.