Mayer Brown, a leading global law firm, has been ranked among the most innovative North American law firms by the Financial Times in its annual special report, “North America Innovative Lawyers.” The 2014 listing marks the fifth consecutive year Mayer Brown has been recognized as an innovative firm in the region, having been ranked in all four years of the Financial Times’ “US Innovative Lawyers” report, which the broader North American version replaces. The publication described Mayer Brown and the other US, Canadian and Mexican firms listed in this year’s edition as “architects of change” in the continent’s legal sector.

Additionally, the report recognized two of Mayer Brown’s achievements in the Finance category:

  • Mayer Brown received a “Standout” ranking for its representation of Morgan Stanley as sole structuring advisor and also as joint book runner on the $1 billion Trade MAPS 2013-1 trade receivables securitization. The deal represents the first-ever multi-bank term asset-backed/capital markets financing of trade finance assets. The Mayer Brown team was led by Chicago Banking & Finance partners Stuart Litwin and Ger Patrick O’Donnell.
  • Mayer Brown was “Commended” for its representation of the Texas Department of Transportation (TxDOT) in a competitive procurement for and structuring of a public-private partnership (PPP) for the design, construction, financing, operation and maintenance of the Texas State Highway (SH) 183 managed lanes project. The $847.6 million deal is a first-of-its-kind for TxDOT and for the United States PPP market – no procurement process has previously packaged all of the elements of the SH 183 transaction in a single PPP deal structure. The Mayer Brown team was led by Chicago Government & Global Trade partner Joe Seliga.

The report, which was conducted in conjunction with RSG Consulting, assessed matters on their originality, the legal strategy employed and the impact of the work on clients.