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Most innovative North American law firms 2016: New products and techniques

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AwardStandout
Originality10
Rationale9
Impact8
Total innovation score27
CommentLawyers drew from debt financing structures used in the aviation and automobile industries to create a debt financing product for the maritime industry. The Enhanced Maritime Trust Certificate includes creditor protections, asset ring-fencing and paves the way for the industry to attract new financing. Commended: Christopher Frampton