The Financial Times ranked Ropes & Gray #3 on its 2023 index of the most innovative law firms in North America. The index provides a holistic assessment of innovation considering several factors including workforce planning, data and technology, social responsibility, and financial growth.
One factor that has contributed to the firm’s growth is upscaled work in the private equity industry. “To be credible here, you have to go big,” Julie Jones told the Financial Times. She noted that law firms’ continued growth in the age of AI will hinge on certain skills: “people who tend to innovation or creativity—this is what we will praise.”
The Financial Times also recognized Ropes & Gray for its work on several client matters:
“Highly Commended”
Ropes & Gray represented Chinese pharmaceutical company HUTCHMED Limited in a license agreement with Japan’s largest drugmaker, Takeda, for the development of the cancer treatment drug, fruquintinib. This team was led by life science licensing partners Marc Rubenstein and Amanda Austin, life sciences partner Katherine Wang, health care partner David Peloquin, and antitrust partner Mike McFalls.
“Standout”
Ropes & Gray represented Pfizer in the $11.6 billion cash purchase of Biohaven Pharmaceuticals. The deal secured Pfizer rights to the blockbuster migraine medication, Nurtec. This team was led by mergers & acquisitions partner Emily Oldshue, life sciences partner Amanda Austin, capital markets partner William Michener, tax partner David Saltzman, employment & benefits partner Renata Ferrari, life sciences regulatory & compliance partner Joshua Oyster, and antitrust partner Ruchit Patel and Mike McFalls.
“Commended”
Ropes & Gray and the Truth Hope and Justice Initiative led Aon Corporation, Thompson Reuters, and 33 other law firms in the creation of a database tracking litigation outcomes in matters involving police brutality. The team leading this work includes litigation & enforcement counsel Renai Rodney, finance partner Alexander Zeltser, and benefits partner Matthew Jones.
Additionally, the Financial Times reports on the uptick in demand for legal counsel in ESG matters and highlights Ropes & Gray’s thought leadership creating an ESG State Legislation Tracker. The tracker monitors ESG bills to help clients understand the impacts of state-by-state updates.
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