FT Europe Innovative Lawyers 2018 open for submissions
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The Financial Times is pleased to announce the launch of the submission process for the 2018 Innovative Lawyers report and awards for Europe.
FT Innovative Lawyers is a unique programme that assesses lawyers on their innovation for clients and in their own businesses. The programme consists of rankings and awards, based on independent research from RSG Consulting and robust journalism from the FT. The results are announced at an awards event, and the rankings are published in both print and online as an FT special report.
Law firms and in-house legal teams are invited to submit to five broad sections: legal expertise, the business of law, access to justice and rule of law, collaboration and innovative individuals. This year’s report will again provide a comparison of how in-house and private practice lawyers are innovating, with each category including two ranking tables and two awards.
Since it was established, the FT report has sought to break with the usual criteria of measuring lawyers by revenues, profits or deal sizes. Instead, it aims to uncover the real value that lawyers deliver to business and recognise the lawyers consistently furthering the interests of their clients, their own firms and the profession itself.
How are the report and the awards assessed?
The rankings will be based primarily on submissions received but will also include fresh research, surveys and other qualitative research methods to uncover legal innovation in the region.
The FT Innovative Lawyers programme was established in Europe in 2006, launched in the US in 2010, and in Asia-Pacific in 2014. Over the past 12 years it has covered legal industry innovation in 50 different countries from over 470 law firms and over 660 company in-house legal departments.
The submission deadline is Friday March 23, 2018. The research process will run from April to July.
The report will be published with the Financial Times newspaper on Friday October 5, 2018 and launched at the awards event in London on the evening of Thursday October 4, 2018. The awards event will recognise the standout innovators across all categories of the report.
There is no cost for submitting entries but the project will be subject to the terms and conditions outlined in detail below.
The research partner for the FT Innovative Lawyers programme is RSG Consulting, a specialist research and consulting company with decades of experience analysing the legal industry.
The FT Innovative Lawyers programme is supported globally by lead partner, Elevate, and partners Docusign, HighQ, Riverview Law and QuisLex.
■ Legal expertise
Submissions are invited from: private practice law firms and in-house legal teams.
Submission limit: A maximum of five submissions may be made to the legal expertise section by any one firm, legal service provider or in-house legal team.
This section will look at lawyers’ work for clients and will recognise lawyers who have developed new structures and products, new legal strategies or new law to meet their clients’ business challenges. We are looking for lawyers who have made a difference to their clients, by enabling them to innovate themselves or through unlocking exceptional value for them. Last year, we saw this done in various ways, such as managing complexity and scale and helping clients access new markets and capital.
Submissions should focus on a specific matter or legal solution from any practice area. These may involve, but are not limited to, legal matters in the following practice areas: corporate and commercial, mergers and acquisitions, private equity, banking and finance, restructuring, structured finance, project finance, regulation, investigations, white-collar crime, corporate tax, litigation, arbitration, competition, IP, private client, tax and trust, reputation, privacy, family, employment, real estate, technology, cyber security, data protection.
There are five categories into which law firms and law departments can submit:
- Managing complexity and scale
- New markets and capital
- Enabling business growth
- Disputes, including a focus on third-party funding
- The final category will derive from the submissions received
■ Business of law
Submissions are invited from: private practice law firms and in-house legal teams.
Submission limit: A maximum of five submissions may be made.
Client demands and market pressures are driving law firms and legal service providers to develop new products and services, and new means of delivering those services to provide even greater value.
Lawyers are increasingly using technology and data to create new legal solutions and enhance existing ones. New tools and ways of working allow law firms to be more efficient and more connected. And as the market and world of work changes, law firms are setting new strategies and finding new ways to change behaviours and make the most of the opportunities offered.
This section will assess innovations across any area of the business of law.
The categories will include:
- Data, knowledge and intelligence
- Use of technology
- New products and services
- New or improved business and delivery models
- Developing talent to adapt to changing workplaces and society
- Strategy and changing behaviours
Submissions are invited from: private practice law firms and in-house legal teams.
Submission limit: A maximum of one submission may be made to the collaboration section by any one firm or in-house legal team.
New collaborations within law firms, between competitors and with other advisers and clients are frequently the source of new legal and business innovations. In this section, we invite law firms and in-house legal teams to submit an example of a new type of collaboration that has helped to create a new solution or result.
Joint submissions between firms, legal services providers and clients are encouraged.
■ Rule of law and access to justice
Submissions are invited from: private practice law firms, in-house legal teams, individuals, and any other commercial, public or non-governmental organisation.
Submission limit: A maximum of one submission may be made to the rule of law and access to justice category by any proposer.
Lawyers are being called on more than ever before to uphold the rule of law and bring access to justice for those who are denied it or forgotten by the system. Lawyers are increasingly agents of social and legislative change. This category covers any initiatives that seek to uphold the rule of law and improve avenues for access to justice.
■ Innovative individuals
Nominations are invited from: private practice law firms and in-house legal teams.
Nomination limit: The lead individual for every submission made to the report will be automatically considered for this category, but law firms and in-house legal teams are also invited to make a maximum of three nominations.
The report will feature the top 10 individuals who stand out in this year’s research as exceptional. We will look for individuals who have come up with the most original ideas, who have shown courage to change the way legal work or business is done, and have had the greatest influence on their firms, industry, business, or wider society.
■ Young legal innovator of the year
Nominations are invited for the young innovator of the year category, covering innovative individuals under 40.
Nomination limit: There is no limit to the number of nominations that can be made for this category.
■ In-house coverage for 2018
As we did in 2017, we will be taking a new approach to the research this year and increasing our rankings of in-house legal teams to match those in private practice. The report will provide a comparison of how in-house and private practice lawyers are innovating, with each category including two ranking tables and two awards. We will publish a list of the most innovative in-house legal teams in the report which will be drawn from those teams that have the highest aggregate scores across the different categories.
In-house legal teams are invited to submit to all the categories listed above. We also invite in-house legal team nominations from peers and private practice law firms via email to firstname.lastname@example.org with a reason for nomination and contact details for the general counsel or head of legal.
How to submit entries
All submissions must be made via the online submissions forms here and uploaded as documents (you will be prompted to do this at the final stage of each online submission form).
Each submission should be uploaded as a separate document, named using the following format: “SECTION — law firm or organisation name — short submission title”.
PLEASE NOTE: You will first need to register an account before you can access the submissions website. Online forms for submissions and nominations will be made live and a link published on FT.com in early March.
Video content, images or submissions in other formats are also welcome.
All submissions must provide the following details and address the criteria set out below. Please note that word limits are enforced in the online entry forms.
- The challenge: What commercial problem or business issue was the innovation designed to address? (75-word limit)
- Description of the innovation: A brief description of the matter or initiative, including key dates and the submitting lawyers, firm, individual or legal department’s role. (75-word limit)
- Originality: Why is the work or initiative innovative? Which elements are most original? (200-word limit)
- Leadership: What role did the lawyers, firm, individual or legal department play? For which aspects of the solution, approach, or implementation were you responsible? How did you arrive at the specific approach or solution that was finally adopted? (200-word limit)
- Impact: What was the impact of the innovation for the client, firm or key stakeholders? How can its success be measured? Where did the lawyers deliver the most value? Please include hard evidence. (200-word limit)
- References: All submissions must include contact details for at least one internal and at least one client or other external reference who can be contacted to discuss the details of the innovation on a confidential basis.
Nominations for innovative individuals and in-house legal teams need simply to include contact details for the nominee and a brief reason for the nomination.
Rules for submitting
- Time period: the 2018 ranking will assess innovations from January 1, 2017.
- Innovations must have taken place in Europe or have been led from a European office. All law firms and in-house legal teams active in Europe, regardless of country of origin, are eligible to send submissions to FT Innovative Lawyers 2018.
- There is a limit per firm of five submissions to legal expertise, five to business of law, one to collaboration, and one to access to justice and rule of law. If these limits are exceeded, only the first submissions within the limit in alphabetical order by title will be considered.
- Submissions must be no longer than 750 words in total, written in English and answer each of the questions on the entry form.
Assessment of submissions
- Submissions will be fully researched and will be assessed on their own merits, through extensive interviews with referees. The RSG Consulting research team also uses independent experts in the assessment process. Entries will be judged against other submissions in each category.
- Innovations will be scored for their originality, leadership and impact out of a total of 30 points.
- Client referee interviews are a critical part of the assessment process. Contact details for internal and client or external referees must be included on every submission.
- Submissions, particularly those in the legal expertise categories, should each focus on a specific innovation. The research approach is to examine case studies. Those that are more general and that cover several different pieces of work in one submission will do less well in the scoring process.
- All submissions are assessed by RSG Consulting, a specialist legal-market research company that uses a process of interviews with clients, submitting lawyers and experts. The submissions are then scored against a bespoke ranking methodology, devised for the FT to assess innovation in law firms and in-house legal teams.
- The three key indicators used are originality, leadership and impact. Each indicator carries a total of 10 points. The submissions in each category are benchmarked against each other in the scoring process. The top ranked innovations therefore represent the best out of all the submissions received.
- The rankings will be based primarily on submissions received but will also include fresh research, surveys and other qualitative research methods to uncover legal innovation in the region.
An awards event on October 4, 2018 will be held at the Natural History Museum in London to coincide with publication of the rankings. For more details of the event contact Stephanie O’Sullivan at email@example.com.
At the awards event, the FT will recognise the top-scoring entries in each category of the report.
- Innovation in Legal Expertise*
- Innovation in the Business of Law*
- Innovation in Rule of Law and Access to Justice*
- Innovation in Collaboration
- Legal Innovator of the Year
- Young Legal Innovator of the Year
- Most Innovative In-House Legal Team
- Most Innovative General Counsel
- Most Innovative Law Firm in Europe
* Exact award names will be decided after submissions are received.
Additional awards will recognise regional and industry sector innovators.
- March 23, 2018 — deadline for submissions
- August, 2018 — awards shortlists revealed
- October 4, 2018 — awards and report launch event in London
- October 5, 2018 — report publication in print and online
- For research questions please contact RSG Consulting on +44 (0) 20 7831 0300, firstname.lastname@example.org
- For editorial inquiries please contact Harriet Arnold, commissioning editor, Special Reports, Financial Times, at email@example.com (please preface email with ILEU)
- For advertising opportunities or other research sponsorship opportunities please contact Robert Grange, Global Business Development Director at the FT at firstname.lastname@example.org or +44 (0) 20 7873 4418
- For enquires about the launch event please contact Caolan Howe, FT Live Conferences and Events email@example.com.
Conditions of entry
There is no fee for entering submissions to FT Europe Innovative Lawyers 2018.
The researchers reserve the right to move entries from one category to another if they feel it appropriate. The researchers’ decisions are final and no correspondence will be entered into.
The FT and RSG Consulting accept no responsibility for the loss or damage of material submitted.
The FT reserves the right to publish the names of the firm or lawyers contained in the shortlist of outstanding entries, details and description of all entries and details of winners. All entrants grant the FT a perpetual, non-exclusive licence to publish details and descriptions of entries as referred to, and also agree to participate in publicity reasonably requested by the FT regarding their entry. The FT acknowledges that copyright in all entries remains vested with the entrants.
If you are shortlisted for, or win, an award, then the FT may at its discretion allow you to use the relevant FT Innovative Lawyers logo on your marketing materials. You acknowledge that FT is the owner of the logo and all related goodwill and agree that your use of the logo must be in accordance with any applicable FT branding guidelines in force from time to time or any instructions from the FT, that you will not use it as part of a composite mark or logo, and you will not use it in a manner which causes or is likely to cause confusion or a misleading association between your business and the FT, or damage to FT’s goodwill or reputation, or to the validity of any FT trade mark. FT may terminate your right to use the logo at any time.
Please do not include any confidential information in your entry that you do not wish to enter the public domain because the FT is unable to guarantee that such information will not be published as set out above. Any inclusion of confidential information in an entry is at the entrant’s sole risk and responsibility and in knowledge of the FT’s request not to do so.
The FT reserves the right to cancel, postpone or suspend FT Europe Innovative Lawyers 2018 at any time and to exclude any entries which it considers are inappropriate or do not comply with these terms and conditions. False or deceptive entries will render the entrant ineligible and such entries will be discarded.
The FT and RSG Consulting cannot accept responsibility for, or liability arising from, entrants taking part in the awards. To the fullest extent permissible by law, the FT and RSG Consulting exclude liability for all loss, damage or claim arising as a result of your entry to FT Europe Innovative Lawyers 2018.
These terms and conditions shall be governed by and construed in accordance with English law. Disputes arising in connection with the awards shall be subject to the exclusive jurisdiction of the English courts.
By submitting an entry, entrants will be deemed to have read, understood and agreed to these terms and conditions on behalf of their firm or organisation.