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Wragge & Co

Corporate 2008 (2)

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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.

Corporate 2008

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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.