Firm Named to List with DLA Piper, Jones Day and Skadden
Chicago – LAWFUEL – Press Release Service – Foley & Lardner LLP announced today that the firm has been named to the 2006 BTI Market Movers list, a ranking of law firms identified by corporate counsel as leaders implementing a strategic approach to delivering legal service. Foley is recognized as one of four Market Trailblazers, along with DLA Piper, Jones Day and Skadden, identified by corporate counsel for their unique ability to leverage client-focused strategies with bold approaches to the market.
The list is developed by The BTI Consulting Group, a Boston-based market research and management consulting firm, which features the Market Trailblazers in its 2006 BTI Market Movers: Law Firms Shaping the Legal Market report. The BTI Market Movers gauge the opinions of more than 240 corporate counsel on the firms that provide strategic and innovative programs to their clients. The corporate counsel surveyed believe that evidence of strategic thinking is likely to find its way into the firms’ client work.
The BTI report revealed several reasons why law firms are identified by clients as market-moving innovators. Some of the innovations identified by corporate counsel include soliciting feedback from clients as part of the law firm change process and developing bold market strategies and business development initiatives.
In addition, the report tracked the key factors that shaped corporate counsel’s perception of innovation. According to BTI, the corporate counsel surveyed mentioned Foley as being innovative leaders in market-driven growth strategies and technology. Their definition of both categories include:
Market Driven Growth Strategies
• Secure leadership in selected industries
• Staking out key regional markets
• Orchestrating large scale mergers that reinvent the law firm for the better
• Positioning for the global market
• Client accessible litigation management tools that show cost and status
• Firmwide embrace of technology tools that make access to attorneys easier
• Automating work processes to leverage senior partner time
The BTI Consulting Group is the leading provider of strategic market research to law firms and professional services firms. BTI conducts the only continuous benchmarking market study in the legal services industry based on more than 1,000 independent interviews with general counsel and key decision makers that hire law firms.
Foley & Lardner LLP provides the full range of corporate legal counsel. Our attorneys understand today’s most complex business issues, including corporate governance, securities enforcement, litigation, mergers and acquisitions, intellectual property counseling and litigation, business reorganizations, outsourcing and information technology, labor and employment, and tax. The firm offers total solutions in the automotive, emerging technologies, energy, entertainment and media, financial services, food, golf and resort services, insurance, health care, life sciences, nanotechnology, and sports industries.