Whether it’s through a novel
independent sponsor initiative or powerful “trial team roundtable” strategy sessions, McGuireWoods is setting the pace in the rapidly
changing legal market.
Finding creative ways to exceed clients’ expectations isn’t new for the
firm, which has been honored on
Financial Times’ Most Innovative Law Firms in North America list for the past three years — most recently ranking No. 1 in the business
of law and third overall.
In addition, this year FT recognized McGuireWoods seven times in
the following categories: Strategy and Changing Behaviors; Rule of Law and
Access to Justice; Collaboration; New Business and Service Delivery Models;
Managing and Developing Talent; and Technology.
announced the latest awards at a Dec. 10, 2018, event in New York City. In
article, the publication highlighted McGuireWoods’ efforts to expand the
traditional role of lawyers, putting them at the heart of business deals
and connecting their expansive network.
To compile the report, FT research partner RSG Consulting
evaluated more than 500 submissions from law firms and legal services
providers and conducted hundreds of interviews with clients, senior
lawyers, executives and experts.
McGuireWoods was honored for numerous innovations:
- a nationwide initiative to connect
independent sponsors with capital providers for specific private equity deals;
- trial team roundtables that bring together the firm’s most accomplished
trial lawyers to work with clients on case strategy;
- a pro bono win and
innovative strategy securing the
largest known single-plaintiff human trafficking award in American history;
- teaming up with JPMorgan Chase and Sullivan & Cromwell to develop an
initiative that calls for diverse lawyers to lead at least half of JPMC’s
matters handled by outside counsel by 2020;
- institutionalizing a business development strategy that enables
transactional lawyers to pitch for deals quickly and effectively;
- building a proprietary system to track and share the availability of
associates and counsel in real time; and
- creating a time-saving auditing algorithm to analyze invoice or “task”
codes entered into the firm’s budget management tool.
“Our lawyers and staff understand that innovation is essential to being
trusted advisers for our clients, and they embrace the challenge of finding
new and creative ways to help them meet their business needs,” McGuireWoods
Jonathan Harmon said. “We are grateful that Financial Times continues to recognize
us as a leader in developing innovative approaches to client service.”