The pandemic prompted a workplace shakeup, shining a spotlight on employee wellness
Amy Blankson offers tools that can boost happiness as we enter a new world of work
In 2022 uncertainty took hold as inflation, volatile markets and a geopolitical conflict added to the challenges set in motion by the COVID-19 pandemic. In a world of shifting expectations and norms, we focused on creating a distinctive experience for our clients, consistent with the five-year strategy we launched in 2020. This North Star guided our global teams as they developed and executed innovative solutions on high-stakes deals, disputes and pro bono matters.
Our client work placed us at the center of global trends related to energy transition, environmental, social and governance (ESG) issues, finance and globalization. We contributed to the dialogue on these issues with published insights including “Scaling up the energy transition,” a report based on a survey that explores how capital providers and companies are setting priorities, staying competitive and managing risk. Through our COP27 video series, we explored themes raised during the annual climate conference and their potential impact on business and industry.
In regions around the world, we increased our capacity to serve clients, promoting 59 new partners and welcoming 39 lateral partners. We developed new ways of working with clients, increasing efficiencies and ensuring consistency. These initiatives included our Debt Finance Solutions Team, which leverages legal technology and other resources to handle certain types of routine work, and our Client Experience Blueprints, a series of tools that codify our global best practices for working with clients before, during and after a matter.
We continued to focus on building a more diverse and inclusive workplace, significantly expanding our diversity data collection efforts so we can quantify our progress. Our people benefited from new and expanded coaching programs, and we took concrete steps to empower our associates, focusing on work allocation, skills development and leadership opportunities.
This review discusses these and other accomplishments and initiatives that made a difference to our people and our clients in 2022. Together we face the future positioned for success.
Guest speakers at Firm events share views on timely topics
Amy Blankson offers tools that can boost happiness as we enter a new world of work
Kenneth Cukier talks about the process that can lead to breakthroughs and help us tackle novel challenges
Antonio Zappulla talks about how TrustLaw tackles some of the world’s biggest challenges
Developments that reshaped the world
The focus on achieving net-zero emissions by 2050 remained a priority for governments, investors and energy companies
Addressing ESG factors became “the new normal” for investors and businesses
Activity across debt and M&A markets slowed as rising interest rates and high inflation saw investors, borrowers and lenders recalibrate risk appetite
Around the world, legal and regulatory developments continued to reshape global interconnectedness
Highlights of our work in 2022
Our achievements position us for success
US$2.83 billion in revenue
2,616 total lawyers
Meet the outstanding generation of talented lawyers who strengthened our Firm in 2022
In markets around the world, White & Case earned many of the legal industry’s top accolades
White & Case is committed to fair and ethical operations that respect human rights and recognize the importance of our natural environment.
As a signatory to the UN Global Compact, we affirm our commitment to doing business responsibly by supporting the Compact’s ten principles on human rights, labor, the environment and anti-corruption. The steps we are taking to continue to embed these principles into our Firm are outlined in our most recent Communication on Progress.
Our latest Environmental Sustainability Report includes information on our environmental policies, footprint, key actions and goals.
Committed to advancing diversity and inclusion across the Firm
11 global affinity networks
Our 11 affinity networks foster a sense of community among the Firm’s Black, Asian, Latinx/Hispanic, Middle Eastern, minority ethnic and LGBTQ+ lawyers, business services professionals and their allies. Each network sets its own agenda, initiatives and goals, which are specific to the issues it considers most important. Affinity networks create and enhance awareness of these groups within the Firm and its larger culture, drive community and connection across our global offices, and support their members with career and professional development opportunities.
25 local women’s networks
Our 25 local women’s networks are active in 40 offices across the Americas, EMEA and Asia-Pacific. These networks foster professional development and mentoring activities. They also provide a forum for our lawyers and business services professionals to share perspectives and create programs to support and retain our women while fostering and promoting gender equity.
49%of our lawyers self-identify as of color
28%of our partners self-identify as of color
43%of our lawyers self-identify as of color
27%of our partners self-identify as of color
Leading publications and alliance organizations continue to recognize our commitment to diversity and inclusion
Number 1 Most Diverse Law Firm among top 10 US firms by revenue
The American Lawyer Diversity Scorecard 2022 (Number 2 among all firms scored)
100% rating on commitment to lesbian, gay, bisexual and transgender workplace equality (14th consecutive year)
Identifying the Firm as one of the best places to work for LGBT+ individuals
Human Rights Campaign’s Corporate Equality Index
International Firm of the Year for Career Development, Diverse Women Lawyers, Work-Life Balance
Euromoney Legal Media Group Women in Business Awards 2022 EMEA
2022 Mansfield Certification Plus (fourth consecutive year)
Top 75 employer in the UK
Social Mobility Foundation Employer Index 2022
Using data to create change
Helping our colleagues to reach new heights
Committing to growth opportunities for colleagues in wide-ranging roles
Recognizing the value of our lawyers as they start their careers
Focusing on consistent application of best practices
Leveraging technology to streamline routine work and enhance client service
Collaborating to effect change and build strong connections
São Paulo Metro Line 6 project
We advised the senior lenders on the non-recourse senior secured financing for the US$3 billion São Paulo Metro Line 6 project in Brazil, the largest public-private partnership (PPP) project currently under construction in Latin America.
US$4.2 billion redevelopment of JFK Terminals 6 and 7
We advised a group of 13 commercial banks in connection with a non-recourse senior secured financing of the US$4.2 billion redevelopment of Terminals 6 and 7 at JFK International Airport. The financing deployed a novel multi-source debt financing structure, comprising a combination of taxable commercial bank loans provided by 12 commercial bank lenders alongside tax-exempt bonds purchased by Royal Bank of Canada and its affiliates for approximately US$3.4 billion.
Renewable energy pipeline in Spain and Portugal
We advised European Investment Bank (EIB) and a bank consortium on the €1 billion financing to support the development and construction of Aquila Clean Energy’s renewable energy pipeline in Spain and Portugal over the next three years. This built-to-sell construction financing is the first of its kind and includes one of the biggest loans ever granted by the EIB under a project finance structure.
Egypt’s first high-speed rail network
We advised the Egyptian government, represented by the National Authority for Tunnels, on the award of the contract exceeding €1 billion, for the operation and maintenance of Egypt’s first high-speed rail network to Deutsche Bahn and El Sewedy Electric.
Australian wind farm
We advised TagEnergy SA on the acquisition, development and project financing of the A$2 billion, 756 MW initial stage of the 1,300 MW Golden Plains Wind Farm located in Victoria, Australia.
Refinancing of the world’s largest single-site solar project
We advised Sweihan PV Power Company on the landmark green project bond refinancing of the world’s largest single-site solar project. The issuance is the first green project bond in the Middle East/North Africa region. It is also the first green bond offering for a UAE renewables project to international investors and is a critical part of the Emirate of Abu Dhabi’s energy transition strategy. The bonds are governed by New York law, have been admitted to trading on the Global Exchange Market of Euronext Dublin and are included in the list of Euronext ESG Bonds.
Pakistan’s Reko Diq project
We advised the Federal Government of Pakistan, the Provincial Government of Balochistan, Government Holdings (Private) Limited, Oil & Gas Development Company and Pakistan Petroleum Limited on the reconstitution of the Reko Diq copper and gold project and the comprehensive resolution of a US$11 billion bilateral investment treaty dispute.
UAE HVDC subsea transmission system
We advised the international sponsors, Korea Electric Power Corporation, Japan’s Kyushu Electric Power Co. and Électricité de France, on the development and financing of a US$3.8 billion high-voltage, direct current (HVDC) subsea transmission system in the UAE.