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Most innovative North American law firms 2016: Changing and influencing regulation

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Law firm
Total innovation score
StandoutPillsbury Winthrop Shaw Pittman99927The firm’s Blockchain team has devised a method to enable Delaware-based businesses to issue shares using the technology that underlies the virtual currency bitcoin. Lawyers have proposed amendments to both the Delaware General Corporation Law as well as the Delaware Commercial Code, which would create a new financial system if adopted.
StandoutCahill Gordon & Reindel and Amarin89926Used the First Amendment right to free speech to challenge the US Food & Drug Administration’s restriction on pharmaceutical company Amarin’s promotion of its drug Vascepa for a use the agency had not approved.
Highly CommendedOsler, Hoskin & Harcourt89825Resolved tax challenges around how the Canadian Revenue Agency treats hybrid notes, allowing Emera to issue the first such notes in Canada, and opening the market to future Canadian issuers. Commended: Timothy Hughes
Highly CommendedMcGuireWoods88824Partnered with the Aspen Institute on its Future of Work Initiative to create a blueprint for Congress to modernise labour, tax and corporate laws in response to the growing gig economy and changing nature of employment in the US. Commended: Russell Sullivan
CommendedDechert88723Led the collateralised loan obligations industry response to a revision of the Dodd-Frank Act. The firm created structures to help asset managers comply with new risk retention requirements, which reduced uncertainty around the new rules. Commended: Cindy Williams
CommendedHogan Lovells78722The firm negotiated with the Federal Communications Commission to structure a complex radio spectrum swapping structure that will prevent interference between commuter and freight railroads and reduce potential accidents caused by human error. Commended: Michele Farquhar
CommendedLittler Mendelson78722Littler Mendelson Littler’s Workplace Policy Institute petitioned Congress to rethink forthcoming legislative changes to the overtime pay exemption salary threshold, tripling the time companies have to comply with the regulation.
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