White & Case was recognized as a top innovator in three areas in FT Innovative Lawyers Europe 2017, a rankings report and awards presentation for Europe-based lawyers published by the Financial Times. The awards were presented in London on October 4.
In addition, EMEA Capital Markets partner Ingrid York (London) was also honored at the awards as one of the top five "Young Legal Innovators" in Europe for 2017. "Ms York has been involved in several first-of-a-kind transactions over the past year," the Financial Times reported in a profile, "such as Crédit Agricole CIB's $3bn synthetic securitisation, which created financing for a range of socially responsible projects, with a specific focus on renewable energy."
FT Innovative Lawyers Europe 2017 recognized White & Case in the following areas:
- New Markets and Capital: White & Case took first place and received a ranking of Standout for its work advising the Republic of Cameroon on the first cross-currency swap guaranteed by the African Development Bank. The swap, to protect against exchange rate exposure, was crucial to the launch of Cameroon's debut eurobond, worth US$750 million. The transaction sets a precedent for other African countries.
- Managing Complexity and Scale: White & Case received a ranking of Highly Commended for its representation of JP Morgan as sole bookrunner and sole global coordinator on the Volcan Holdings PLC £2,000,000,000 exchangeable bond deal which enabled the acquisition of shares in FTSE 100 mining giant Anglo American plc, and assisting JP Morgan in structuring this inaugural POEMS® (Purchase of Equity via Mandatory Securities) product.
- Rule of Law and Access to Justice: White & Case received a ranking of Commended for working closely with the Ghanaian judiciary to help develop and launch the country's first legal ethics training program for law students.
According to the Financial Times, 1,006 submissions and nominations from 112 law firms and legal service providers and 110 in-house legal teams were submitted for consideration. Research was conducted by a team from RSG Consulting, including interviews with more than 650 clients, senior lawyers, executives and experts, to arrive at the final rankings and awards.