Financial Times Ranks Latham & Watkins #1 in Most Innovative Law Firm List

Financial Times

November 29, 2012

Latham & Watkins placed #1 in the Financial Times 2012 US Innovative Lawyers Report. The report ranks “law firms that are bringing fresh thinking and practices to solving business problems in America,” according to the Financial Times. The FT Law 25 Index recognizes firms who “display resilience to changing market conditions and a commitment to innovation that marks them out to their clients.”  

Latham received praise across a number of corporate and litigation work experience and business of law categories:

In Corporate:

  • “Commended” for saving the American football season through a precedent-setting lockout insurance strategy, which the Financial Times praised for “creating a way to assure National Football League players’ incomes during a dispute with owners, helping to prevent cancellation of the 2011 season.”

In Intellectual Property:

  • “Commended” for protecting international security technology advising Cross Match in its patent infringement case. The Financial Times noted that Latham’s lawyers “succeeded in serving papers to the chief executive of South Korean company Suprema while he was at a trade show in the US. Cross Match eventually prevailed in its case before the US International Trade Commission...” In its report, the publication added that Latham’s “original approach to analyzing witness evidence helped the firm successfully represent Cross Match, the identity solutions company.”

In Energy:

  • “Highly Commended” for advising Energy Transfer Equity’s $9 billion acquisition of Southern Union, which the Financial Times described as  “the first master limited partnership purchase of an unaffiliated public C-corp.”
  • “Commended” for trailblazing a new style of construction financing, advising on the Arlington Valley Solar Energy II project, that has gained traction in the market. The Financial Times praised the firm for “developing a new type of deal, including four separate tranches of debt financing.”  

In Litigation:

  • “Commended” for achieving a notable victory in “say-on-pay” litigation, obtaining a dismissal of claims against client BioMed Realty Trust,” noted the Financial Times.

In the “Lawyers to the Innovators” category, which ranks law firms for “legal services to help their clients become more innovative”:

  • “Highly Commended” for advising Coherus BioSciences on its innovative business model and strategic alliance with Daiichi Sankyo, with the Financial Times singling out Latham’s role in devising  “a novel structure to allow Coherus BioSciences to make the transition from a virtual company to a fully operational business.”
  • “Commended” for advising Not For Sale “on the formation of the REBBL Tea social enterprise and beverage company, which helps combat child slavery and human trafficking in the Peruvian Amazon,” noted the Financial Times.

And, in the Business of Law category:

  • “Highly Commended” for putting client best practices to work for clients with the firm’s National Office, which the Financial Times praises as “a central resource for unraveling the toughest issues in the capital markets.”
  • “Commended” for the firm’s centralized real estate management which produce efficiencies and workplace benefits. The Financial Times noted in the report: “[the] centralized strategy has enhance the working environment for attorneys and streamlined the firm’s real estate portfolio.”

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