Latham & Watkins Ranks #5 in FT 2011 Most Innovative Law Firms List

Financial Times

November 04, 2011

Latham & Watkins was recognized in the Financial Times 2011 US Innovative Lawyers report placing fifth in the FT Law 25, a ranking of the most innovative law firms. The FT Law 25 “shows firms that were consistently found to be creating transformative solutions for clients.” RSG Consulting, the research partner for the report, added: “What is common to all the firms in the FT Law 25 is their commitment, their ability to adapt and to work together in the best interests of business to unusual and important effect.”

Latham won praise for its transactional and regulatory work in the report’s Energy and Technology, Media and Telecoms (TMT) industry categories, including: 

  • “Highly Commended” for the firm’s role representing Credit Suisse in the bankruptcy of Bosque Power, with the Financial Times recognizing the Latham team for achieving “a judgment that can now be referenced and replicated; the ruling terminated the debtor’s initial period of exclusivity to solicit acceptances of its plan of reorganization. Persuaded the equity holders to buy into the plan and structured the new business so that investors were not overly burdened with regulations.”
  • “Commended” for the successful Atlantic Wind Connection Project, which the Financial Times described as “[o]ne of the most novel and complex energy sector deals in the past year,” adding: “It is possible that offshore wind will need another technological breakthrough before it can hope to compete in cost terms against onshore wind or fossil fuels. If it is ever going to take off in the US, however, projects such as the AWC will be essential parts of the infrastructure.”
  •  “Commended” for successfully getting clearance for the Oracle-Sun merger, with the Financial Times noting: “With significant benefit to Oracle, the firm conducted and absorbed in-depth analysis of the software behind Java, allowing the dismissal of antitrust objections.”
  • “Commended” for work on the groundbreaking restructuring of RHI Entertainment, with the Financial Times pointing to the firm's "solution into a Chapter 11 bankruptcy in order to cater for a range of scenarios, the firm cut new ground to rescue the provider of television content."

Latham’s work on a landmark Supreme Court case defending the constitutionality of the University of California’s Hasting College of Law’s non-discrimination policy for student-funded groups was “Highly Commended” in the Litigation category. The Financial Times noted that it “was one of the closely watched cases decided by the Supreme Court in 2010,” commenting: “The precedent was against the college, but the Latham lawyers distilled a clear, concise ‘all-comers’ argument to win the case.”

In the Business of Law category, Latham’s Practice Support Services Group which consists of four key service components - centralized database management; electronic discovery consulting; project management; comprehensive trial support services - was “Commended,” with the Financial Times stating: “A multi-disciplinary team, created to support the litigation department, offering tools, technologies and consulting services to achieve clients' goals cost-effectively.”

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