July 11, 2011
Latham & Watkins was ranked in Tier 1 in The Lawyer’s 2011 Transatlantic Elite list of 16 “trailblazing firms.” In its 2011 survey, The Lawyer ranked the Transatlantic Elite firms “based on a combination of energy expertise, M&A performance and rankings and market feedback.” In naming Latham a top tier firm, the magazine noted “there is no denying Latham’s energy push has had its successes.”
The Lawyer highlighted Latham’s successful launch in the Houston market which “confirmed its appetite for strengthening an already impressive energy practice.” The Lawyer also recognized the firm’s focus on the Middle East, with partner additions in the region “supercharging its presence in Saudi Arabia and helping with its downstream expertise in the Middle East.” Key Latham deals highlighted by The Lawyer included:
- Repsol’s $17.8billion strategic alliance with Sinopec
- Papua New Guinea’s $16.7billion LNG project
- Questar Corporation’s $5billion sale of its E&P units.
Reflecting the strategic importance of the energy sector, The Lawyer adopted a sector focus for its annual list this year, stating: “The Transatlantic Elite has always been underpinned by the strategies the top firms are employing to ensure they are capturing the premier work in the global market. Today, no area is more strategically key than energy and natural resources.”
The group of firms which make up the Transatlantic Elite, which The Lawyer calls the “Sweet Sixteen,” were “chosen on the back of their position as advisors to the biggest and best clients around the globe on their most complex, challenging and remunerative matters.” The constituent parts of a “Sweet Sixteen” firm include “[t]op talent, managerial vision, strategic verve and an unmatched ability to execute,” according to The Lawyer.