Hogan Lovells Wins Financial Times Innovation in Collaboration award for LIBOR Solution

Hogan Lovells Wins Financial Times “Innovation in Collaboration” award for LIBOR Solution

Awards & rankings | 11 December 2019

We are excited to announce that Hogan Lovells has won “Innovation in Collaboration” for our LIBOR Solution in the Financial Times Innovative Lawyers – North America 2019 awards.

Hogan Lovells was selected as the Standout entry in one category, “Collaboration” for our work in developing a toolkit for the replacement of the LIBOR bank lending rate, which helps our clients manage this complex transition and facilitates future compliance efforts. The Hogan Lovells team was led by Global Head of Financial Institutions Sector Sharon Lewis, Head of Innovation and Digital Stephen Allen, Head of Alternative Delivery Solutions Rachel Dabydoyal, Global Head of Financial Services Litigation practice Marc Gottridge, Global Coordinator for Derivatives and Commodities Evan Koster, Senior Consultant Susan Whitehead and Counsel Knowledge Lawyer Isobel Wright.

Our ‘one stop shop’ solution supports clients with an advanced delivery toolkit to provide legal expertise using alternative resourcing through Hogan Lovells Legal Delivery Center and low cost delivery outsourcing firms, including Cognia Law and Elevate and AI technology through our partnership with FTI Consulting.

We have built an innovative, highly scalable and efficient delivery model leveraging AI, alternative delivery models and cutting edge legal expertise. Our market insight, coupled with our connectivity to regulatory bodies, has allowed us to develop a hybrid process that combines the best people with the most advanced legal technologies to deliver a premium LIBOR replacement service at a reduced cost. Earlier in the year we launched our LIBOR Solution, click here to read more.

We would be delighted to discuss this solution with you in more detail. Please contact any of our core team members to learn more.

In addition to this achievement, Hogan Lovells was also named Most Innovative Firm in Financial Times North America Innovative Lawyers Awards - CEO Steve Immelt also honored as Innovative Leader. Further details can be found here. Stephen Allen was also named Legal Intrapreneur of the Year by The Financial Times Innovative Lawyers Europe Awards.

The full Financial Times Innovative Lawyer North America 2019 report can be found here.