Posted on:Weil in the News
Weil has been ranked eighth overall among the Top 25 Innovative North America Law Firms in the Financial Times’ North America Innovative Lawyers Report 2017, released today.
In addition, Weil won the award for the legal expertise category “Accessing New Markets and Capital” in recognition of the Firm’s work advising J. Crew in its ground-breaking restructuring.
Details of the Firm’s recognition in the various categories are as follows:
Accessing New Markets and Capital – Weil earned “Standout” recognition for its work advising J. Cew to consensually restructure its financing arrangements and release new liquidity without resorting to bankruptcy, leveraging its brand and previously unused intellectual property.
Rule of Law and Access to Justice – Weil earned “Standout” recognition for its role in overturning the Mexican-American studies ban in Tucson, Arizona. Drawing on the first and 14th amendments, lawyers proved that the programme was crucial to graduation and pass rates of Mexican-American students, and that lawmakers responsible for the ban had been racially motivated. The successful challenge has been critical in protecting the voice of Mexican-Americans, acknowledging their place in the American narrative and preserving their history and culture.
Managing and Developing Talent – Weil was highly commended for its role in creating an app for alumni, which posts in-house job opportunities in real time, allowing applicants to see vacancies in their network and apply easily.
Enabling Business Growth – Weil was commended for its role in advising SoftBank, a Japanese telecoms company, on its $3.3bn acquisition of US alternative asset manager Fortress Investment Group. To achieve this Fortress had to return to private ownership, the first such instance for a diversified alternative asset manager.
Award winners were chosen from more than 500 submissions and nominations from nearly 80 firms and 85 in-house teams throughout North America. Of the 15 most profitable firms in the Am Law 100, only two make the top 10 in the FT25 list, and Weil is one of those Firms.