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Most innovative North American law firms 2016: Innovation in unlocking and delivering value

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AwardCommended
Originality7
Rationale8
Impact7
Total innovation score22
CommentWhen restaurant company Yum! Brands wanted to reduce its cost of financing, lawyers helped it do three concurrent deals including an unprecedented whole securitisation of one of its subsidiary businesses, Taco Bell. Their work ensured the instruments behind the unique trio of transactions could work together and enabled Yum! to enter the securitisation market. Commended: Barbara Goodstein