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I have a good level of confidence in the IFLR1000’s ratings. I use it for outsourcing and as to whether I should accept a legal opinion issued from a law firm in a country I am not familiar with.
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Legal counsel
Middle East-headquartered bank
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We operate panels in many practice areas and in many countries. We don't always have a practice area specialist who knows firms in the country, so that is where guides like this come in handy.
The IFLR1000 is a useful cross reference to refer to ... to make sure a personal referral aligns with some objective rankings from a survey. I would refer to it in my main area, M&A, when looking for a counsel in a country we are new to.
The country-by-country tiered rankings by practice area are a good approach, to get a rough feel if a firm is viewed as active in a practice area.
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UK General Counsel
US-listed multi-national corporate