12 June 2015
Latham & Watkins has been named the “Most Innovative Law Firm in Asia-Pacific” for internationally headquartered firms by the Financial Times in its 2015 Asia-Pacific Innovative Lawyer Awards. In naming the firm #1, the Financial Times said Latham showed “legal innovation across the region through transformative deals in China, Japan, Australia and Thailand,” adding “[c]lients commented that, without the firm, these deals would not have happened.”
Latham was shortlisted in four awards and also won praise for innovation in the Asia-Pacific legal market, including:
- ‘Highly Commended’ in Finance for advising Roy Hill and the project sponsors, Hancock Prospecting, Marubeni, POSCO and CSC, in connection with the US$7.4 billion financing for the construction of the landmark Roy Hill iron ore project in the Pilbara region of Western Australia.
- ‘Commended’ in Finance for advising the underwriters and lenders in Asia’s first leveraged buy-out to be financed directly through a high-yield bond. In this deal, a consortium led by investment firm Blackstone Group acquired Pactera Technology International, a consulting and outsourcing company.
- ‘Highly Commended’ in Corporate & Commercial for advising Starbucks Corporation through its take-private of Starbucks Coffee Japan by launching back-to-back tender offers in the US and Japan. The deal was only the third two-step tender offer in Japan, and the first instance where the double tender offer was made in both the US and Japan simultaneously.
- ‘Commended’ in Corporate & Commercial for advising Bank of America Merrill Lynch and Phatra Securities as underwriters to the first exchangeable bond with a stock borrow facility out of Thailand.
Latham was also honored in the Business of Law category where it was ‘Highly Commended’ for its “university-level education and training for clients in the project finance community.”
The Innovative Lawyers report, which is published by the Financial Times in conjunction with research partner RSG Consulting, is based on nearly 500 submissions from more than 80 law firms and more than 30 in-house legal teams.
(L to R) Reena SenGupta, CEO, RSG Consulting; Robert Gogel, CEO, Integreon; Tokyo Office Managing Partner Joseph Bevash; Hong Kong associate Helena Kim; Hong Kong Office Managing Partner Simon Powell; and Michael Skapinker, Associate Editor and Columnist, Financial Times