The Financial Times has published the first edition of a new report covering legal innovation in the Asia-Pacific region.
Research for the report took place between January 2014 and May 2014, and the publication was marked by a 200-attendee event in Hong Kong on June 11 2014.
See here for some pictures of the bash.
As with the existing European and US editions, the FT partnered with London-based legal consultancy RSG Consulting to manage the research effort.
After assessing initiatives for originality, rationale, and impact, the survey recognized law firms, individual lawyers, and in-house teams across a variety of categories.
A series of law firm rankings reflects international firms with high levels of activity in the region, and those firms that originate in the Asia-Pacific.
The methodology behind the Asia Pacific report involved reviewing submissions from 61 law firms and 33 in-house teams.
Across the FTIL as a whole, the figures are 300 submissions and 450 interviews with senior lawyers and executives.
According to the FT:
“No entry appears in the FT report without a robust client or independent reference. Market experts are consulted on selected submissions.”
All the case studies took place in the Asia-Pacific region and were led from an office in that region.
Assessment criteria considered local norms and benchmarks of innovation rather than what constitutes innovation in the European or US legal markets
FT Innovative Lawyers 2014 – North American Edition
Elsewhere, the Financial Times and RSG Consulting has invited law firms in North America to submit to the 2014 FT Innovative Lawyers Report – now in its fifth year.
The last edition of the US report was published in November 2013.
Firms in the United States, Canada, and Mexico are eligible to apply.
See here for full submissions guidelines.
There is a limit of three submissions per firm per category, and the submission deadline is August 1 2014.
For firms unsure about whether to enter, or worried that they’re not innovative enough, give it a go.
I spoke on a panel session recently with Reena SenGupta, the architect behind the FT Innovative Lawyers project.
She stressed that you don’t have to be Steve Jobs.
You just have to tell a short story about how you did something different or interesting.
The forms are not that onerous to complete, and it’s a good opportunity to have your firm’s work showcased in the Financial Times.
During the discussion, Reena said that the Financial Times website receives one million visitors a day, and the FT Innovative Lawyers part of the site is one of the most heavily visited.