A&L Goodbody (ALG) has been named as the 'Most Innovative Law Firm' in Ireland by the Financial Times Innovative Lawyers Awards 2018. This prestigious award is direct endorsement of how the firm has successfully combined its innovative legal advice and progressive thinking with cutting edge data and technologies.
The firm's standout areas highlighted within the FT Most Innovative Lawyers report include:
the firm's creative advice in unusual corporate transactions
it's use of artificial intelligence in a global litigation case
the development of bespoke due diligence technology
the commitment to talent development within the business of law
Progressive client solutions
ALG has dedicated significant time and resources into the development of client tech solutions that continuously respond to and meet evolving client needs. Some of these client solutions were recognised for having been designed and developed in-house by the firm's lawyers and business professionals.
ALGorithm - a bespoke due diligence tool designed for the sale of a large loan portfolios. The firm coordinated its in-house legal, project management and IT teams to develop a home grown platform for clients. The platform equips clients and lawyers with real-time data to inform legal and business decisions. whilst decreasing cost and time. The database transformed ALG's capacity to take on the largest mandates in the Irish market.
AI in a criminal investigation – ALG used artificial intelligence document analysis (technology assisted review 'TAR') in a criminal investigation. The use of TAR in this investigation ultimately provided a cost-effective, accurate and compliant solution that saved the client approx. €1.5m in administration and legal fees.
Innovative legal advice and talent development
The convergence of legal services with data and technology is having significant consequences for the legal industry. The transformation is demanding brighter thinking, more creative solutions and highly adaptable professionals. A&L Goodbody received strong endorsement for the firm's activities in managing this transformation.
Irish Continental Group – ALG was commended for its legal work on the negotiation of a €450m refinancing package for Irish Continental Group. The negotiation of this novel and innovative finance package is unprecedented in the Irish market.
ALG School of Business & Law – a unique and market leading transformative learning and development programme was designed by ALG to equip lawyers to not only be brilliant lawyers but exceptional commercial business advisors. ALG collaborated with UCD Smurfit Business School and UCD Sutherland School of Law in the school's creation.