3 December, 2010 – Mayer Brown, a leading global law firm, has been ranked among the four most innovative US law firms by the Financial Times in a special report on “US Innovative Lawyers 2010.”

The report also:

  • Named two Mayer Brown lawyers – Jason Kravitt, a partner in the Banking & Securities practice and John Schmidt, a partner in the Corporate & Securities and Government & Global Trade practices – to its list of 10 “highly innovative lawyers working in the US.” Mr. Kravitt was recognized for being “behind various key innovations in structured finance” and Mr. Schmidt was cited for his “leading role in public-private infrastructure partnerships.” Mayer Brown is the only firm with two partners so recognized;
  • Ranked two Mayer Brown deals in the top three most innovative M&A transactions – the firm’s representation of Assured Guaranty in its acquisition of Financial Security Assurance, Inc., and the firm’s role in the proposed privatization of Chicago’s Midway Airport;
  • Ranked Mayer Brown second among most innovative financial services transactions for the firm’s representation of Citigroup and Morgan Stanley in the creation of Straight-A Funding, an asset-backed commercial paper vehicle for the student loan industry;
  • Commended Mayer Brown for the firm’s work in arranging the debtor in possession financing for the Tribune Company bankruptcy; and
  • Commended Mayer Brown’s work on pro bono projects for the Yale Law School Supreme Court Clinic, leading global microfinance lender BRAC and the Corporation for Supportive Housing, giving Mayer Brown more commendations in the Responsible Business/Pro Bono category (three of 16) than any other law firm.

“Finding innovative solutions to the legal challenges facing our clients has long been a defining characteristic of Mayer Brown, and we are honored to be recognized as one of the most innovative US law firms in this prestigious report from the Financial Times,” said Mayer Brown Chairman Bert Krueger. “We congratulate all the lawyers whose innovative work in delivering great value to our clients contributed to this achievement.”

The Financial Times received 270 submissions for the report from 54 law firms.  Submissions were evaluated on criteria including originality of the legal work or business situation, the strategic input of the lawyers involved and the impact on the client.

View the PDF of the Financial Times report.