Tier One Rankings https://tieronerankings.com/ help you succeed with your directories and awards submissions Thu, 12 Dec 2024 14:29:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://tieronerankings.com/wp-content/uploads/2023/07/cropped-android-chrome-512x512-1-32x32.png Tier One Rankings https://tieronerankings.com/ 32 32 Key Developments from the Chambers Asia-Pacific 2025 Guide Launch https://tieronerankings.com/key-developments-from-the-chambers-asia-pacific-2025-guide-launch/ https://tieronerankings.com/key-developments-from-the-chambers-asia-pacific-2025-guide-launch/#respond Thu, 12 Dec 2024 14:29:38 +0000 https://tieronerankings.com/?p=2098 This year, research into the Asia-Pacific legal landscape has been marked by comprehensive analysis and significant developments. The 2025 Chambers Asia-Pacific Guide offers detailed insights, featuring over 6,900 lawyer rankings and close to 4,000 department rankings. These figures underscore consistent year-on-year growth in participation, with over 4,700 submissions from 975 law firms—a 10% increase from […]

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This year, research into the Asia-Pacific legal landscape has been marked by comprehensive analysis and significant developments. The 2025 Chambers Asia-Pacific Guide offers detailed insights, featuring over 6,900 lawyer rankings and close to 4,000 department rankings. These figures underscore consistent year-on-year growth in participation, with over 4,700 submissions from 975 law firms—a 10% increase from the previous year. This year’s research also saw the collection of over 23,250 responses through written and telephone feedback, including over 4,500 in-depth interviews with clients, lawyers, and industry leaders. These efforts highlight the guide’s commitment to quality, breadth, and depth in market analysis.

Key Developments Across the Region

The 2025 Guide sheds light on emerging trends and critical updates shaping the South and Southeast Asian legal markets. Below is a summary of notable advancements in various jurisdictions:

India: Driving Innovation in Tech, Media, and Capital Markets

India’s legal market continues to reflect the country’s growing global stature. Significant trends include:

  • Digital Transformation:

The Digital Personal Data Protection Act (DPDP) 2023 has introduced new compliance challenges for businesses, with law firms advising major tech companies like Amazon and Google. The Unified Payments Interface (UPI) has also driven legal work, particularly in fintech innovations such as speech-to-text AI and third-party payment systems.

  • Media & Entertainment Sector Growth:

The increasing regulation of OTT platforms, high-profile defamation cases, and generative AI’s influence on media are fueling demand for legal expertise. Cases such as *The Kerala Story* and celebrity endorsement disputes have been pivotal. Chambers has responded by introducing a dedicated Media & Entertainment table.

  • Capital Markets Rebound:

Despite global economic challenges, India’s IPO activity remains robust, exemplified by Ola Electric’s landmark listing. The Social Stock Exchange has also emerged as a groundbreaking platform, enabling non-profits to list and access capital markets.

  • Indonesia: Emerging Fintech Hub

Indonesia’s fintech sector is experiencing rapid growth, driven by widespread digital payment adoption and evolving regulatory frameworks. Legal firms are increasingly focused on navigating cryptocurrency regulations, solidifying Indonesia’s position as a critical fintech market.

  • Malaysia: Cybersecurity Takes Center Stage

Malaysia’s legislative advancements in technology law, highlighted by the Cybersecurity Bill 2024, signify a commitment to secure digital transformation. The establishment of the Cybersecurity Centre of Excellence in Kuala Lumpur further cements its role in fostering technological progress.

  • Singapore: Leadership in AI Governance

Singapore is leading the way in AI governance, having unveiled a draft framework for generative AI. Legal practitioners are addressing challenges posed by AI disruption across industries and advising on significant investments in AI startups.

Capital Markets Across APAC: A Mixed Outlook

  • Australia:

Capital markets have been subdued, influenced by inflation and geopolitical tensions. However, an optimistic forecast for 2024 suggests potential growth in equity markets.

  • Hong Kong:

While the region continues to face a third consecutive year of decline, privatization deals are on the rise. New regulations targeting startups and tech companies hint at a potential recovery.

  • Japan:

Low interest rates and active private equity markets have spurred significant M&A activity, including Toshiba’s $13.5 billion take-private deal.

Mergers and Acquisitions: Resilience Amid Challenges

Southeast Asia is witnessing a resurgence in M&A activity despite global economic headwinds. Singapore leads the region in deal volume, while Japan is experiencing an increase in unsolicited takeover bids, driven by recent regulatory changes. In India, domestic M&A remains strong, with Reliance’s $8.5 billion joint venture with Disney being a standout transaction.

Diversity, Equality, and Inclusion (DEI) in the Legal Market

Diversity remains a focal point, with women comprising 23.5% of ranked lawyers in the 2025 guide. While smaller markets like Laos and Sri Lanka lead in gender representation, larger jurisdictions such as Japan and South Korea still have room for progress.

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Key Developments from the FinTech 2025 Guide Launch https://tieronerankings.com/key-developments-from-the-chambers-fintech-guide-launch-2025/ https://tieronerankings.com/key-developments-from-the-chambers-fintech-guide-launch-2025/#respond Thu, 05 Dec 2024 16:14:13 +0000 https://tieronerankings.com/?p=2075 The Chambers FinTech 2025 Guide has officially launched, delivering its most comprehensive insights to date. The Guide evaluates law firms across 56 countries and has seen a remarkable 11% increase in submissions this year, underscoring the dynamic growth of the FinTech sector. With over 1,000 interviews conducted, more than 500 firms have been ranked for […]

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The Chambers FinTech 2025 Guide has officially launched, delivering its most comprehensive insights to date. The Guide evaluates law firms across 56 countries and has seen a remarkable 11% increase in submissions this year, underscoring the dynamic growth of the FinTech sector. With over 1,000 interviews conducted, more than 500 firms have been ranked for their expertise in FinTech. This year saw notable growth in submissions engagement from key jurisdictions, including the US, UK, and Switzerland. Meanwhile, markets like China, Brazil, and Singapore, which experienced cyclical trends influenced by economic shifts, are only now returning to pre-pandemic activity levels. Emerging jurisdictions such as Thailand, Taiwan, and Ghana, where Chambers has recently expanded its coverage, are encouraged to submit entries to enhance representation in the guide. Looking ahead, the submission deadline for the 2026 edition will be in May 2025, ensuring ample time for contributors to highlight their expertise in this rapidly evolving sector.

Fintech Funding & M&A

The global FinTech funding landscape is facing challenges, as recent KPMG data highlights a decline in equity funding. Although interest rates have dipped slightly, the overall market remains subdued. Sectors like PropTech and consumer FinTech are experiencing slower growth, while transactional work, startups, and regulatory trends dominate industry conversations. In spite of this, $51.9 billion in funding was raised in the first half of 2024, emphasizing the sector’s continued investment potential.

Notably, many M&A deals have been delayed during the first half of 2024, as stakeholders await the outcome of the US election. This pause underscores the broader uncertainty in the market but also highlights opportunities for growth and innovation in areas that prioritize resilience and adaptability.

Crypto in the US and Around the World

Cryptocurrency continues to play a pivotal role in shaping the financial landscape, especially in the US. The industry has a history of engaging with the political sphere, exemplified by high-profile donations such as those from Sam Bankman-Fried and FTX. The 2024 election cycle has ushered in what is considered the most pro-crypto Congress in history, with promises to implement regulatory reforms.

President-elect Trump has vowed to replace SEC Chair Gary Gensler, a long-time critic of cryptocurrency, and introduce measures such as a crypto advisory council and a strategic bitcoin reserve. The crypto market is closely watching for clarity in areas like digital asset regulation, SEC and CFTC rulemaking, and the cessation of “regulation by enforcement.” Businesses are particularly eager for advancements in cryptocurrency bank accounts and broader regulatory approvals, which would provide a more stable foundation for growth.

Crypto Industry’s Increased Political Influence in US Elections

The cryptocurrency industry has significantly amplified its political influence in recent years, with the 2024 U.S. elections marking a watershed moment in its engagement with the political process. While crypto donations to political campaigns are not new—most famously exemplified by Sam Bankman-Fried and FTX’s contributions to both parties—the 2024 election cycle saw a more strategic and focused approach. Industry-aligned political action committees (PACs) like the Fair Shake PAC raised over $160 million, channeling funds to support pro-crypto legislators and target crypto skeptics. High-profile donors, including Coinbase, Ripple Labs, Marc Andreessen, Ben Horowitz, and the Winklevoss twins, played a pivotal role in this effort.

In Ohio, crypto-backed groups invested $40 million to support blockchain entrepreneur Bernie Moreno, who successfully unseated Senate Banking Chair Sherrod Brown, a known critic of the industry. Similarly, in California, crypto PACs influenced primary races by spending $10 million to oppose Representative Katie Porter’s Senate bid, favoring the pro-crypto Adam Schiff instead. This aggressive, bipartisan approach to campaigning and lobbying has resulted in what commentators have dubbed “the most pro-crypto Congress ever.” The crypto industry’s concerted efforts to shape the political landscape underscore the growing significance of regulatory debates in digital assets and reflect a new era of political engagement for the sector.

AI in Financial Services

Artificial intelligence is transforming the FinTech sector, as companies increasingly integrate AI into their offerings to enhance efficiency and service delivery. Notably, OpenAI has raised $6.6 billion in funding, achieving a valuation of $157 billion, reflecting the growing importance of AI in financial services. Financial firms are also exploring ways to leverage AI for client research, but critical questions persist: What liabilities arise if AI produces errors? How can firms ensure the accuracy and reliability of AI-generated outputs before delivering them to clients?

The enthusiasm for automation is particularly strong in historically labour-intensive areas such as compliance, sanctions, anti-money laundering, and fraud detection. By embracing AI, companies aim to reduce costs and time inefficiencies while maintaining high standards of accuracy and compliance.

Tokenization of Real-World Assets

The tokenization of real-world assets is experiencing significant growth, driven by innovations in stablecoins like gold-backed cryptocurrencies. The ability to trade assets such as gold more efficiently and accessibly—enabled by fractional ownership—has spurred widespread interest in this space. Tokenization offers new avenues for investment and trading, breaking down barriers that have traditionally limited participation in high-value asset markets.

As the FinTech industry continues to evolve, tokenization is poised to play a central role in democratizing access to tangible assets, opening up exciting possibilities for investors and market participants alike.

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Key Highlights from the World Tax Webinar: Insights and Strategies for Rankings Success https://tieronerankings.com/key-highlights-from-the-world-tax-webinar-insights-and-strategies-for-rankings-success/ https://tieronerankings.com/key-highlights-from-the-world-tax-webinar-insights-and-strategies-for-rankings-success/#respond Wed, 04 Dec 2024 14:02:12 +0000 https://tieronerankings.com/?p=2068 The recent World Tax Webinar offered an invaluable platform for law and tax advisory firms to gain insights into the rankings process and strategies for improving their standing. From the importance of client feedback to navigating submissions and managing awards, the session illuminated critical areas for firms aiming to enhance their market perception. Below are the key […]

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The recent World Tax Webinar offered an invaluable platform for law and tax advisory firms to gain insights into the rankings process and strategies for improving their standing. From the importance of client feedback to navigating submissions and managing awards, the session illuminated critical areas for firms aiming to enhance their market perception. Below are the key takeaways:

1. Client Feedback: The Cornerstone of Rankings

  • Why It Matters: The webinar reiterated that client feedback is the most significant factor influencing rankings. The rankings aim to reflect market realities, and direct input from clients offers the clearest lens into a firm’s performance.
  • Tips for Success: Firms are encouraged to ensure their clients are aware of feedback requests and prepared to provide detailed, experience-driven responses. Feedback should emphasize areas where the firm stands out, including exceptional service or unique expertise.

2. Peer Review: Nuanced but Impactful

  • Peer feedback, while secondary to client input, can influence rankings, especially when it highlights critical issues such as significant partner departures or praises noteworthy expertise.
  • The peer feedback is weighed cautiously unless it provides substantial, corroborated insights.

3. Practical Evidence in Submissions

  • Quality Over Quantity: The ideal submission includes up to 15 significant matters that highlight the breadth and depth of a firm’s expertise. Cases should underscore complexity, innovation, or significant regulatory impact.
  • Multiple Practice Areas: Firms with a wide scope of services can submit additional forms tailored to specific practice areas, ensuring all highlights are adequately covered.

4. Navigating the Awards Submission Process

  • Separate Processes: Awards submissions are handled via the Nominations Gateway, distinct from the ranking submissions through the accreditation portal.
  • Overlap Allowed: Significant cases can be submitted for both awards and rankings if they meet the criteria, simplifying efforts while maximizing impact.

5. Regional and Sector-Specific Dynamics

  • Tailored Strategies: The importance of market dynamics varies by jurisdiction, with factors like firm size, client base, and practice focus playing significant roles. For example:
    • In markets dominated by larger firms, showcasing specialization or innovation can help smaller firms stand out.
    • In jurisdictions with limited players, demonstrating broad capability across sectors may be advantageous.

6. Deadlines and Timing

  • The submission deadline for the ITR Tax Awards 2025 is March 13, 2025, as announced during the webinar.
  • The submission deadline for the World Tax 2025 rankings is March 14, 2025. This includes all practice area submissions and client feedback forms.
  • Client and practitioner survey feedback closes on May 30, 2025.

7. Client Feedback Accessibility

  • The webinar addressed challenges in gathering feedback, especially when emails are blocked by corporate filters. Firms are encouraged to communicate proactively with clients, ensuring they anticipate and respond to feedback requests.

8. Market-Specific Challenges

  • The webinar also delved into unique market challenges, such as assessing firms in jurisdictions with ongoing crises (e.g., Ukraine). In such cases, direct interviews with firms help researchers capture an accurate market picture.

9. Practical Tips for Advancing to Tier 1

  • Establish a clear narrative in submissions, emphasizing market leadership and client satisfaction.
  • Encourage clients to provide comparative feedback, specifically highlighting why they chose your firm over competitors.
  • Demonstrate a consistent track record of high-impact, innovative matters.

10. Digital Presence and Marketing

  • While a firm’s digital and marketing efforts are not directly factored into rankings, maintaining an updated profile can aid visibility and reinforce credibility.

Conclusion

This webinar offered a comprehensive guide for firms striving to improve their rankings and secure awards recognition. By prioritizing client feedback, strategic submissions, and clear communication, firms can effectively showcase their expertise and stand out in a competitive landscape. With the upcoming deadlines, now is the time for firms to act decisively and position themselves for success in 2025.

For more information, please check out the ITR World Tax Methodology page: https://www.itrworldtax.com/Stub/Methodology

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Submissions 360 – Webinar https://tieronerankings.com/submissions-360-webinar/ https://tieronerankings.com/submissions-360-webinar/#respond Thu, 07 Nov 2024 14:50:32 +0000 https://tieronerankings.com/?p=2047 Calling all in-house legal marketers, marketing teams, and law firm partners involved in legal directory submissions and award applications to join us for an exclusive webinar that delves into the best practices for submitting to the legal directories. Join Galit Imbo, managing director, submissions department at Nishlis Legal Marketing (Tier One Rankings), for a “Submissions 360” to gain […]

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Calling all in-house legal marketers, marketing teams, and law firm partners involved in legal directory submissions and award applications to join us for an exclusive webinar that delves into the best practices for submitting to the legal directories.

Join Galit Imbo, managing director, submissions department at Nishlis Legal Marketing (Tier One Rankings), for a “Submissions 360” to gain practical strategies that will enhance your legal directory submissions and boost your firm’s rankings. This webinar offers essential tips to improve your approach and achieve better recognition, such as:

  • Key insights into the legal directories scoring system.
  • Strategies to secure individual rankings and maximize referee responses.
  • Tips for crafting standout work highlights.


📅 Date: November 12th
⏰ Time: 1 PM (UK time)
📍 Audience: Legal professionals, marketing teams, and lawyers involved in legal directory submissions and award applications.

Don’t miss out!

Click here to register and to receive a link for the webinar.

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Key Factors in Elevating M&A Transactions https://tieronerankings.com/key-factors-in-elevating-ma-transactions/ https://tieronerankings.com/key-factors-in-elevating-ma-transactions/#respond Mon, 04 Nov 2024 12:35:46 +0000 https://tieronerankings.com/?p=2041 When compiling data for M&A in submissions or awards, transactions can become more unusual, complex, or innovative due to several factors that differentiate them from standard, “run-of-the-mill” deals. Always consider the following: – Cross-border elements: Transactions involving companies from different countries introduce complexities such as navigating multiple regulatory environments, varying legal systems, tax regimes, and […]

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When compiling data for M&A in submissions or awards, transactions can become more unusual, complex, or innovative due to several factors that differentiate them from standard, “run-of-the-mill” deals. Always consider the following:

– Cross-border elements: Transactions involving companies from different countries introduce complexities such as navigating multiple regulatory environments, varying legal systems, tax regimes, and cultural considerations.

– Industry-specific regulations: Highly regulated industries (e.g., healthcare, biotech, financial services) often require compliance with stringent, specialized regulations that may add layers of complexity.

– Public company acquisitions: Acquiring a publicly listed company involves securities laws, disclosure requirements, tender offers, and regulatory scrutiny (e.g., antitrust or competition authority approvals), making it more complex than private deals.

– Value: Although one component of the assessment process, there is no doubt that the value of a transaction in a given industry does play a key role. Without a high value, the matter needs to incorporate many of the points below. 

– Hostile takeovers: In a hostile takeover, the acquirer seeks to purchase a company without the consent of its board, which can lead to defensive strategies by the target company (e.g., poison pills) and intricate legal maneuvers.

– Multiple stakeholders: Transactions involving multiple stakeholders (e.g., government, minority shareholders, private equity) create complex negotiations, competing interests, and varied legal and financial obligations.

– Use of innovative deal structures: Transactions that involve innovative financing methods, earnouts, stock swaps, or the use of complex instruments like contingent value rights (CVRs) or equity clawbacks can introduce financial and legal challenges.

– Post-transaction integration: Deals requiring complex integration, especially when combining differing corporate cultures, operating systems, or geographies, can increase difficulty.

– Distressed assets or insolvency: Buying distressed companies or assets often requires navigating bankruptcy laws, debt restructuring, and creditor negotiations, which adds complexity to the deal structure.

– Intellectual property (IP) issues: Acquisitions that heavily rely on IP (e.g., technology or biotechnology companies) often require thorough IP due diligence and may involve complicated licensing or patent litigation concerns.

– Antitrust and competition law concerns: Mergers or acquisitions that significantly alter the competitive landscape of an industry may require antitrust reviews or concessions to avoid regulatory challenges.

These factors can make an M&A transaction more challenging than typical deals, requiring creative legal, financial, and strategic solutions, and should be made clear to the researcher.

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Raise the Bar with IFLR   https://tieronerankings.com/raise-the-bar-with-iflr/ https://tieronerankings.com/raise-the-bar-with-iflr/#respond Tue, 22 Oct 2024 14:25:13 +0000 https://tieronerankings.com/?p=2032 As we approach the end of the 2024 calendar year, the latest batch of awards open to entry is the prestigious IFLR Europe Awards, now in its 26th year. Celebrating cross-border deals that have reached financial close between January 1-December 31, 2024, the deadline to submit your forms via the IFLR platform is December 5, […]

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As we approach the end of the 2024 calendar year, the latest batch of awards open to entry is the prestigious IFLR Europe Awards, now in its 26th year.

Celebrating cross-border deals that have reached financial close between January 1-December 31, 2024, the deadline to submit your forms via the IFLR platform is December 5, 2024, with the ceremony honoring the winners in April 2025.

Prepare in advance

Don’t wait until the last minute. The awards are now open so make a start before Christmas approaches. Gather your final directory submissions, recent matters in any billing or transaction database, and identify potential matters that may impress a judging panel –collecting any missing details from the lawyers on the matter.

Focus on Deals of the Year and the Criteria

No more than three deals per category, all deals must be cross-border in nature.  Though domestic transactions can be referenced briefly in Firm of the Year submissions, the focus must remain on CROSS-BORDER deals and INNOVATION. Without completing the “why is this matter innovative” part, the deal cannot be shortlisted. 

Categories
While you can find more about the categories here, they are as follows:

• Debt and equity-linked

• Equity

• High yield

• M&A

• Loan

• Private equity

 • Project finance

• Restructuring

• Structured finance and securitization

• Financial services regulatory

• Digital finance, among others.  

Financial Services Regulatory recognizes non-contentious financial services regulatory and compliance advice, while Digital Finance focuses on crypto and blockchain work. There are also individual awards, including IFLR Women Dealmakers Hall of Fame (for senior female partners who have had an impact shaping the legal landscape and not won the award before). There is also the Rising Star category, aimed at senior associate-level lawyers with less than 15 years’ post-qualification experience.

How to highlight innovation

The IFLR judges will be looking for submissions that highlight legal innovation and creativity. While directory rankings can depend on the depth of work across a field, sector or team, awards can be awarded on ONE piece of outstanding or innovative work or one terrific lawyer who has had a tremendous year. For example, innovation might take into consideration the following points.

a) Legal and regulatory requirements, such as antitrust laws and foreign investment restrictions, vary dramatically and may need more tailored and innovative clauses to comply or get through any objections.

b) Different tax laws can lead to double taxation and increased liabilities.

c) Vital protection of patents and trademarks may form part of the transaction.

d) Varying data protection laws can complicate the transaction.

Talk to the nominee

Talk to the nominees to obtain these insights and ensure that the wider impact or unusual nature of the matter does not get missed.

Furthermore, ask the lead partner for a deal in which the firm was NOT involved but was significant. IFLR also requires nominations of other deals from participants.

Also ask the lawyer if they would recommend the in-house legal team at any of their banking clients, for which there are also awards.

This helps IFLR expand their pool of nominations and work. Find out more details about the awards from IFLR here.

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Chambers UK Guide Launch 2025 – Webinar Watch https://tieronerankings.com/chambers-uk-guide-launch-2025-webinar-watch/ https://tieronerankings.com/chambers-uk-guide-launch-2025-webinar-watch/#respond Thu, 17 Oct 2024 13:13:24 +0000 https://tieronerankings.com/?p=2028 Key Developments from the Chambers UK 2025 Guide Launch Chambers UK has just launched its 2025 guide, the most comprehensive yet, offering invaluable insights into the UK legal market. This year’s guide introduces over 200 new department recognitions and a 6.5% increase in lawyer rankings, with more than 600 new entries, 370 of which are […]

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Key Developments from the Chambers UK 2025 Guide Launch

Chambers UK has just launched its 2025 guide, the most comprehensive yet, offering invaluable insights into the UK legal market. This year’s guide introduces over 200 new department recognitions and a 6.5% increase in lawyer rankings, with more than 600 new entries, 370 of which are women. With 57,000 responses and seven months of research, Chambers continues to set the gold standard for legal rankings.

New Initiatives and Market Trends

One of the standout updates in this release is Chambers’ growing focus on gender diversity. Over the past three years, they’ve added over 1,000 women to their rankings and have nearly closed the gap to a 60/40 ratio of ranked men to women. In addition, Chambers has enhanced its ability to highlight niche firms through the introduction of new tables, such as SME-focused firms and dispute resolution specialists.

The SME-focused category is a significant addition. It’s aimed at recognizing firms that excel in serving small and medium-sized enterprises (SMEs), a client base that’s seen a 24% rise since 2010. These firms often cater to very different needs compared to larger corporations, and Chambers is now offering more targeted rankings to reflect this. More about the SME-focused table in our previous blog post https://tieronerankings.com/introducing-chambers-uks-new-opportunity-for-sme-focused-law-firms/.

Refined Categories and Sector Focus

Chambers is also introducing more refined categories to better address changes in the legal market. For instance, the decline of PFI and PPP projects has led to a shift towards two key categories: “Projects Domestic” and “Projects International,” which streamline Chambers’ recognition of project-related work.

At the same time, the guide has discontinued less active categories such as Retail: Corporate & Competition and Aviation: Commercial, reflecting evolving market priorities.

AI-related legal work has also become a central theme in this year’s submissions. More firms are now engaged in AI governance, data protection, and intellectual property issues. Chambers’ analysts noted a surge in AI-related cases across multiple sectors, reflecting the technology’s growing influence on business strategy and legal frameworks.

Litigation Market and Future Rankings

Chambers has also highlighted shifts in the litigation market, with a new table for dispute resolution specialist firms. Litigation boutiques have been on the rise, offering personalized service at competitive rates. This year’s guide shines a light on 15 firms in this growing space.

Additionally, for the UK 2026 guide, Chambers will be expanding its ranking criteria by asking firms to provide 20 referees, particularly in the SME-focused category. This will offer deeper insight into what makes a firm an ideal fit for SME clients and help expand the rankings in this area.

Upcoming Awards and Looking Ahead

Chambers also announced its inaugural UK Solicitors Awards, set for February 13, 2025. These awards will recognize the top-performing legal teams in over 20 categories, ranging from finance to pro bono work, and will be a major event to watch for industry leaders.

Chambers continues to evolve alongside the UK legal market. By expanding its categories and adapting its research methods, the guide ensures that it remains a vital resource for firms and clients alike. With the legal landscape shifting rapidly—thanks to factors like AI, gender diversity, and SME growth—Chambers UK’s rankings reflect not only the best firms today but also those leading tomorrow’s trends.

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Webinar Watch: IP Stars Rankings and Managing IP Awards 2025 https://tieronerankings.com/webinar-watch-ip-stars-rankings-and-managing-ip-awards-2025/ https://tieronerankings.com/webinar-watch-ip-stars-rankings-and-managing-ip-awards-2025/#respond Wed, 18 Sep 2024 16:57:20 +0000 https://tieronerankings.com/?p=2023 The 2025 submission process for the IP Stars rankings kicked off with a detailed webinar hosted by Kingsley Egbuono and Chris Adams from the now-officially named Legal Benchmarking Group, which manages the IP Stars and Managing IP Awards. Here’s a recap of the essential updates and strategic insights shared during the session. Standout Case Studies […]

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The 2025 submission process for the IP Stars rankings kicked off with a detailed webinar hosted by Kingsley Egbuono and Chris Adams from the now-officially named Legal Benchmarking Group, which manages the IP Stars and Managing IP Awards. Here’s a recap of the essential updates and strategic insights shared during the session.

Standout Case Studies and Achievements of 2024

One of the key focal points of the submission process is the importance of highlighting a firm’s achievements in 2024. It’s crucial to clearly indicate the timing of a matter, as the assessment process gives significant weight to the date of the work. This is especially important as the submission form remains the primary tool for both the rankings and awards process. This dual function means that attention to detail in completing the form is critical to ensure your firm’s best work is recognized in both contexts.

Partner Interviews

The Legal Benchmarking Group continues to value interviews with partners to supplement the written submissions. Their preference is to interview at least two partners per firm, allowing for a more comprehensive understanding of a firm’s achievements. If a firm is approached by an IP Stars researcher for an interview, it is crucial to arrange for multiple lawyers to participate in the discussion to provide a well-rounded perspective.

What’s New this Year?

A few new elements have been introduced for the 2025 submission process:

Addition of the Firm’s URL: On the first page of the submission, there is now a section to add the firm’s URL for their website.

Your New IP Stars Section: This is where firms can recommend senior IP practitioners who are not already ranked. This is a chance to elevate deserving professionals for consideration in the next edition.

Diversity and Inclusion Reporting: There has been a change in how the Legal Benchmarking Group collects diversity data. A new Social Impact Awards category is being introduced, giving firms recognition for their contributions to diversity, inclusion, and broader societal impacts.

Referee Spreadsheets: While last year they introduced two separate spreadsheets for referees, one for companies and one for firms, there is now just one. However, firms must still clearly identify the type of referee (in-house practitioner/ direct client or another law firm) to guide the research team’s questions effectively.

Best Practices for Submitting Matters

A final key piece of advice focused on the submission of matters: it’s recommended to submit at least 10 to 15 cases. Submitting fewer than 10 may not provide a comprehensive overview of your firm’s work, making it harder for the researchers to accurately evaluate your firm’s standing.

As highlighted in the webinar, most of the information from last year’s session remains highly relevant and can serve as a helpful reference for addressing further questions. For a detailed review of last year’s insights, please refer to the following link: https://tieronerankings.com/key-updates-for-you-from-the-recent-ip-stars-webinar/

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Legal 500 US ‘Meet the Editor’ Webinar Watch: Key Takeaways for US Law Firms https://tieronerankings.com/legal-500-us-meet-the-editor-webinar-watch-key-takeaways-for-us-law-firms/ https://tieronerankings.com/legal-500-us-meet-the-editor-webinar-watch-key-takeaways-for-us-law-firms/#respond Thu, 05 Sep 2024 14:07:01 +0000 https://tieronerankings.com/?p=2007 The recent Legal 500 US ‘Meet the Editor’ webinar provided crucial updates and insights for US law firms aiming to improve their submissions and rankings. Led by Barnaby Merrill (Editor), Amy McDermott (Business Development Director), and Tim Verbrugge (Senior Business Development Manager), the session covered significant updates in Legal 500’s ranking categories, submission best practices, […]

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The recent Legal 500 US ‘Meet the Editor’ webinar provided crucial updates and insights for US law firms aiming to improve their submissions and rankings. Led by Barnaby Merrill (Editor), Amy McDermott (Business Development Director), and Tim Verbrugge (Senior Business Development Manager), the session covered significant updates in Legal 500’s ranking categories, submission best practices, and how firms can stand out in an increasingly competitive market.

Who Uses Legal 500?

Legal 500 is one of the leading global legal directories, attracting over 6.1 million unique visitors annually, with more than 21.5 million page views. It has become a go-to resource for 90% of Fortune 500 companies, 95% of FTSE 350 companies, and 100% of Fortune 500 financial institutions and pharmaceutical firms. This extensive user base highlights its importance for law firms looking to increase their visibility among high-profile clients.

Why Submit to Legal 500?

Legal 500’s rankings are determined based on feedback from over 300,000 clients worldwide. The directory focuses on law firms that deliver innovative and cutting-edge advice to corporate counsel. With over 316 firms ranked, the focus is on exclusivity, with many firms earning only a few rankings across their various practice areas. Legal 500 emphasizes quality over quantity, making it a prestigious platform for law firms to showcase their expertise.

Submission Best Practice:

  • Matter Descriptions

Submissions should include matters that occurred between November 2023 and November 2024, summarizing key aspects of the case individually rather than grouping them together.

Each firm is allowed to submit up to 20 matters, and the same matter may appear in multiple submissions if tailored for different practice areas. Ensure all relevant details, such as dates, team members, and opposing parties, are included. This attention to detail helps Legal 500 accurately evaluate the scope and complexity of the work.

  • Confidentiality

Non-publishable work highlights (WHs) and client names should be included in the designated confidential sections of the submission.

While confidential WHs are treated equally for ranking purposes, it’s critical that firms disclose significant aspects of the work.

The matter summary section should be clear and concise, offering a one-line synopsis of the work handled, ensuring it’s ready for publication.

  • Team Information

Providing comprehensive team details is key to a successful submission. Include information about any significant arrivals or departures within the senior team that are relevant to the practice area. Legal 500 is interested in how these changes impact the firm’s ability to deliver cutting-edge services. The team’s role in significant matters should be clearly reflected in the submission to highlight the firm’s bench strength.

Categories of Lawyers

  • Leading Partners: Partners leading market-defining work.
  • Next Generation Partners: Partners with three to five years’ experience.
  • Leading Associates: Key associates or of-counsel driving major matters.
  • Recommended Lawyers: Any individual mentioned in the editorial, client testimonials, or as heads of practice.

Client Referees

Referees are a critical part of the Legal 500 evaluation process. Firms should submit their client referees in the correct format without altering the template. The number of referees is unlimited, and firms can use the same referee across multiple practice areas if necessary.

Legal 500 will contact referees directly via email (editorial@legal500.com) and maintain their anonymity to ensure honest feedback. The feedback is then used to assess the firm’s service quality and client relations.

How Firms Are Ranked

Legal 500’s rankings are based on a rigorous, evidence-based approach. The most important factors are the work presented in submissions, the firm’s track record, and the calibre of the client base. Rankings also consider market share, bench strength, and team developments, such as new hires or departures.

In addition to these factors, referee feedback and the firm’s perception in the market influence rankings. However, unlike other directories, academic achievements or industry awards are not considered. Legal 500 focuses solely on a firm’s ability to deliver high-quality legal services.

What’s New? Key Ranking Updates for US Law Firms

The Legal 500 2025 US edition introduces several new and amended ranking categories that US law firms should be aware of.

New Ranking Categories

  • International Business Reorganizations (Corporate M&A)
  • National Security (under the renamed International Trade and National Security BPA)
  • Commercial Lending – Advice to Direct Lenders/Private Credit

Amended Categories

Several practice areas have undergone renaming or have been divided into separate subsections, including:

  • International Trade and national security – updated BPA
  • Cartel (Investigations and criminal litigation) – RENAMED SECTION
  • Civil litigation (incl. class actions) – defence – RENAMED SECTION
  • Civil litigation (incl. class actions) – plaintiff – RENAMED SECTION
  • Commercial Lending: advice to borrowers – NOW A SEPARATE TABLE
  • Commercial Lending: Advice to bank lenders – RENAMED SECTION
  • Financial services regulation: Banking – NOW A SEPARATE TABLE
  • Financial services regulation: Consumer finance and broker-dealers – RENAMED SECTION, NOW A SEPARATE TABLE

A full list of new and amended categories is available on the Legal 500 US Submissions Information page.

US City Focus: A New Regional Ranking Initiative

Legal 500 has introduced the US City Focus, which aims to recognize law firms that stand out on a regional and national level. This initiative initially targets firms in New York, Chicago, and Washington D.C., with a second phase covering Boston, Charlotte, and Miami. It will highlight partner-led firms outside the global elite, offering a fresh perspective on legal powerhouses in key US cities.

While Legal 500 will adopt a shortlisting approach, law firms are encouraged to submit if they believe their lawyers are well-suited for consideration. To inquire about submissions or further details, contact Barnaby Merrill or Nathan Oseroff-Spicer at nathan.oseroff-spicer@legal500.com.

Why Subscribe to Legal 500?

Subscribing to Legal 500 offers significant advantages, particularly for firms aiming to boost their visibility and engagement within the legal market. Here’s why subscribing is worthwhile:

  • New Platform: The platform has undergone significant enhancements, including new rankings, client satisfaction scores, and the ability to filter firms by national or international approaches, offering users a tailored experience.
  • Massive Audience Reach: Legal 500’s vast audience provides subscriber firms the opportunity to engage with an expansive, global market. By subscribing, your firm can increase its visibility and reach within Legal 500’s audience of influential companies and decision-makers.
  • Proven Marketing Effectiveness: Legal 500 has consistently demonstrated its effectiveness as a legal marketing tool. The platform enables firms to stand out in a competitive market, helping build a strong reputation with existing and potential clients.
  • 2025 Updates: The 2025 edition comes with a brand-new user interface, improved functionality, and over 500 new tables. The new platform is also AI-optimized to ensure maximum impact, allowing firms to better leverage data and user engagement to enhance their profiles.
  • Enhanced Visibility: Subscriber firms enjoy significantly increased visibility on the platform, ensuring that their profiles stand out among competitors. This visibility is critical in the highly competitive legal industry, where client engagement and brand differentiation are key to success.

By subscribing to Legal 500, your firm will be better positioned to showcase its strengths, attract new clients, and solidify its place in the legal market. The combination of enhanced functionality and a proven track record makes this platform a valuable tool for law firm marketing and growth.

Research+ Program: Gain Strategic Insights

The Research+ Program offers law firms strategic insights through early access to rankings and submission feedback. The program evaluates the firm’s market reputation, client feedback, and compares it to industry peers. This detailed analysis, conducted by the Legal 500 research team, provides actionable suggestions for improving submissions and identifying growth opportunities. For more information on Research+, contact Tim Verbrugge at Tim.verbrugge@legal500.com.

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Analysis of Poland’s Legal Market: Legal 500 EMEA 2024 Rankings https://tieronerankings.com/analysis-of-polands-legal-market-legal-500-emea-2024-rankings/ https://tieronerankings.com/analysis-of-polands-legal-market-legal-500-emea-2024-rankings/#respond Tue, 20 Aug 2024 09:27:07 +0000 https://tieronerankings.com/?p=1966 In light of the recent Legal 500 submission deadline, we wanted to share with you our key Legal 500 2024 findings and insights pertaining to the Polish market. The Legal 500 EMEA 2024 rankings for Poland present a comprehensive overview of the state of the current legal market, highlighting key changes and trends among law […]

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In light of the recent Legal 500 submission deadline, we wanted to share with you our key Legal 500 2024 findings and insights pertaining to the Polish market. The Legal 500 EMEA 2024 rankings for Poland present a comprehensive overview of the state of the current legal market, highlighting key changes and trends among law firms and individual practitioners across various practice areas. This analysis delves into the most significant movements, identifies top-performing firms and individuals, and explores the competitive landscape in Poland’s legal sector.

Key Findings

In 2024, Polish law firms and individual practitioners saw a total of 261 movements in the rankings, with 169 changes in the firm rankings and 92 in the individuals. Notably, Dispute Resolution was the most active practice area, accounting for 14% of all firm-related movements. This year also saw 9 firms promoted to Tier 1, while 31 lawyers entered the Leading Individuals category, and 2 new lawyers joined the Hall of Fame​.

Overall, 68% of the movements concerning practice areas were positive (Up or New), while only 32% were negative (Out or Down). For individual rankings, a remarkable 80% of all moves were positive, underlining strong performances by legal professionals across Poland​.

Firm Rankings Overview

The Dispute Resolution sector stood out with 23 moves, making it the most active practice area. Among these, 9 firms improved in the rankings, and 6 new firms were added, reflecting increased participation and competition in this area. Conversely, the practice areas of TaxInvestment FundsInsurance, and Private Equity experienced minimal movement, with only 2 changes each, indicating a more stable environment in these fields​.

Several practice areas saw significant changes:

  • Employment saw a notable increase in firms entering Tier 4, demonstrating the competitive nature of this always changing field of work.

  • Construction introduced a “Firms to Watch” category, signaling emerging firms’ potential in this sector, while Data Privacy and Data Protection removed such a category, hinting at possibly greater market consolidation, among other reasons​.

Individual Rankings Overview

In the individual rankings, Real Estate led with 14 moves, followed by Dispute Resolution with 9 moves. This indicates the importance of these sectors in Poland’s legal market. In contrast, sectors like Energy & Natural ResourcesInvestment Funds, and Tax saw minimal or no changes, underscoring a stable pool of experts in these areas​​.

Other noteworthy developments included:

  • New additions to the Hall of Fame in Commercial Corporate and M&A and Real Estate.
  • The Rising Star category expanded across most practice areas, highlighting the continued emergence of new talent and the robust health of the legal market at the more junior end of the spectrum.
  • In Intellectual Property (IP), two new individuals were added to the Next Generation Partner category, while one was removed​.

Top Performing Firms and Individuals

Several law firms and individual practitioners excelled in the 2024 rankings:

  • DentonsBaker McKenzie, and CMS were among the best-performing firms, particularly in sectors like Banking & FinanceReal Estate, and Dispute Resolution.
  • DLA Piper and Clifford Chance also showed strong performances, with significant improvements across various practice areas​​.

On an individual level, lawyers from firms like Rymarz Zdort MarutaGreenberg Traurig, and Wardynski & Partners received considerable recognition, with multiple professionals climbing to the Hall of Fame and Leading Individuals categories​.

Conclusion

The Legal 500 EMEA 2024 rankings for Poland illustrate a dynamic legal market with significant improvements in key practice areas such as Dispute Resolution and Real Estate. The positive trends in individual rankings reflect the high caliber of legal expertise available in Poland. As international firms continue to strengthen their positions in the Polish market, the competition remains intense, highlighting the importance of strategic focus and specialization for law firms aiming to excel in this environment.

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