Dechert LLP Shines as Leading Innovator in Financial Times Legal Rankings

Dechert LLP Recognized for Legal Innovation

Dechert LLP once again stands out as a trailblazer in the legal industry as announced by the Financial Times during the FT Innovative Lawyers Awards for North America. This prestigious accolade highlights the firm's dedication to pushing boundaries in legal innovation, reinforcing its position as a leader in the sector.

For 2024, Dechert has been recognized for having the highest number of lawyers named as "Innovative Legal Practitioners" by the Financial Times, outshining all other law firms in North America. Notably, it is the only firm that boasts having lawyers ranked in the Top 10 across the North America, Europe, and Asia-Pacific regions simultaneously. This accomplishment showcases not just local, but an international acknowledgment of Dechert's innovative strategies in multiple legal contexts.

Among the key highlights, the firm garnered recognition as one of the "Most Innovative Law Firms in North America," securing a position among the top three firms based on critical evaluations. These evaluations take into account not only the innovative legal practices but also the firm's overall digital maturity, commitment to pro bono work, policies regarding personnel, and financial performance.

Key Individuals Honored

Suzanne Turner, who leads pro bono efforts at Dechert, earned the title in the "Intrapreneurs" category. She was acknowledged for effectively weaving pro bono initiatives into the very fabric of the Dechert experience. Her innovation ensures that the program efficiently addresses the growing "justice gap" and helps develop a robust global pro bono framework.

Furthermore, Brenda Sharton, who heads the firm’s Cyber, Privacy, and AI Practice, was named one of the Top 10 "Most Innovative Legal Practitioners in North America". Her recognition stems from her repeated innovations in privacy and cybersecurity law, along with her expertise in advising clients regarding data breaches and related legal challenges.

Co-chair Mark Thierfelder praised Dechert's long-standing tradition of innovation within legal practice and business, emphasizing the importance of creative problem-solving and analytical thinking. He stated, "Our success is a testament to our unwavering commitment to innovation and client service as recognized by the Financial Times."

Dave Forti, also a co-chair, remarked on the firm's strategy to remain agile in responding to client challenges, highlighting their investment in empowering lawyers to innovate in their practices. This reflects Dechert's focus on adapting to ever-evolving demands in the legal landscape.

Notable Rankings and Achievements

In terms of specific achievements, various teams within Dechert were acknowledged in additional categories by the Financial Times Awards. Specifically, the firm received a #2 ranking in the "Innovation in AI Strategy" category, driven by a visionary "build first" approach toward Generative AI. Under the leadership of Chief Information Officer Michael Rinehart and Associate Director of Innovation Thor Alden, the firm’s Innovation Team employed a practical approach that significantly enhanced client service through the use of new technologies.

Additionally, Dechert was commended in the "Innovation in Dispute Resolution" category due to its successful representation of Prisma Labs in landmark AI privacy cases. The legal team, including Brenda Sharton, Benjamin Sadun, and Theodore Yale, achieved prominent wins in California and Illinois, marking some of the first AI-related class-action judgments in the U.S.

The award ceremony took place at Gotham Hall in New York City on December 9, where the honored lawyers and firms celebrated their achievements with their peers. This event underscored the significance of the awards and the impact of innovation in reshaping the legal profession.

Conclusion

Dechert LLP continues to exemplify leading innovation within the legal industry, recognized not only for high-profile cases and a commitment to justice but also for fostering a culture of creativity and involvement through its pro bono efforts. As the firm looks ahead, it remains dedicated to enhancing its service offerings while adapting to the fast-changing legal environment, ensuring that it meets the needs of clients across all sectors effectively.

About Dechert LL:
Dechert is a global law firm catering to asset managers, financial institutions, and corporations, providing counsel on critical issues ranging from complex regulatory matters to high-stakes litigation. With nearly 1,000 lawyers situated in 19 offices worldwide, they are recognized for their prowess in financial services, private equity, life sciences, technology, and real estate sectors.