The Financial Times Ranks White & Case #2 Among Most Innovative Internationally Headquartered Law Firms in Asia-Pacific
White & Case was ranked #2 among the most innovative internationally headquartered law firms in the Asia-Pacific region by the Financial Times in its FT Asia Pacific Innovative Lawyers 2015 report. The report recognized the Firm as a top innovator on five matters in the following categories:
Finance—Internationally Headquartered Law Firms
White & Case earned a "Highly Commended" ranking for advising UBS Securities Pte. Ltd. on the KRW 360 billion (approximately US$323 million) mezzanine financing of The Carlyle Group's US$1.93 billion cash buyout of South Korean security business ADT Korea from Tyco International Ltd. The all-cash acquisition by The Carlyle Group was the largest private equity buyout deal in Korea since 2008.
The Firm also won a "Commended" ranking for its representation of Industrial and Commercial Bank of China and Bank of China in a €550 million syndicated senior secured term acquisition financing for Millennium Gain Limited, a wholly owned subsidiary of Fosun International Limited, in connection with Fosun's €1 billion majority acquisition of the insurance arm of Portuguese state-owned Caixa Geral de Depositos.
Business of Law—Internationally Headquartered Law Firms
White & Case earned a "Highly Commended" ranking for its virtual mergers and acquisitions tour that matched the Firm's partners with 150 Japanese clients.
The Firm also won a "Highly Commended" ranking for its guidance on China's State Administration of Foreign Exchange (SAFE) rule changes that was provided in a way that was both legal and practical.
In addition, White & Case was given a "Commended" ranking for creating a public forum in Japan for clients to share views openly, while also benefitting from the Firm's expertise. As the Financial Times wrote, White & Case "had to deal with the fact that the airing of business concerns in an open forum—normal in London or New York—is less accepted in Asia." As a result, "[T]he firm had to adapt the ubiquitous legal seminar to a new culture and in doing so created better, interactive content and made full use of technologies that allowed private voting and opinion-sharing."
The Financial Times rankings are based on submissions from law firms and in-house legal teams. These are fully researched through client, lawyer and expert interviews. Market experts are also consulted on selected submissions. Submissions were received from 81 law firms and 33 in-house teams.