IFLR1000 2023 Jumpstart

Participating in the IFLR1000 research guide is a great way to promote a law firm. With 1.3 million page views and over 13,000 followers on social media to date, a ranking in IFLR1000 can help firms win new clients and bolster their standing in the legal market. Following a recent webinar, IFLR1000 has announced a few key reminders and updates for this year’s submission.

Submitting: Euromoney now has a submission portal that will support all Euromoney submissions. This includes IFLR1000, IP Stars, ITR World Tax and Transfer Pricing and LMG Life Sciences. If you have not yet submitted to any of these guides through the portal, please make sure you have requested and received log-in details.

Work matters: There is a 20-matter limit. This limit is no longer a suggestion but compulsory. Referees remain unlimited, though we would recommend sticking to as close to 20 as possible.

Deal Value: There are now two boxes for the ‘Deal Value,’ – one for the local currency and one for the USD equivalent. You do not have to fill out both boxes, however it would be helpful for the researchers to do so.

Taxonomy: Thishad been introduced as a way of easily obtaining comparable data, by asking law firms to add standardized data, according to the Taxonomy, (such as currency, role, deal type, industry sector and jurisdiction). While this will help the directory analyze the data from the matters, they insisted it is not compulsory and we would suggest not waste too much time, if at all, with that information, focusing on the matter description.

Confidentiality: IFLR has included ‘Partial Confidentiality’ as an option when labelling matters. Any confidential materials should be clearly marked in red (font or highlight) for it not to be published. Please note, confidential information is given the same weight as publishable information with regard to the research.

Recognized lawyers: IFLR1000 have updated their Lawyer Rankings nomination tables (Market Leader, Highly Regarded, Women Leaders, Rising Star Partner, Rising Star and Expert Consultant). For each individual nominated, you are now asked to provide 3 work highlights among the 20 matters in the submission, as well as at least 3 referees for each nomination. There will be no duplication within these tables, apart from Women Leaders.

Publication: IFLR1000 has reverted to releasing the rankings per country on a single date, and not per practice area on multiple dates.

Five tips to keep in mind while writing your submissions:

Work highlights are the most important factor in the IFLR1000 ranking methodology. The researchers want to see that the firms are participating in the biggest national matters and that those matters are complex, innovative and/or precedential. You are encouraged here to write as much detail as possible to help the researchers best understand your work. There is a 20-matter work highlight limit.
You may include as many referees as possible, but check first that they are willing to participate in the research. They will be contacted via email and given the opportunity to answer an online survey or schedule a phone interview.
As a reminder, IFLR1000 does not research arbitration, disputes, employment, IP, litigation, or tax. Any work submitted that falls into these practice areas will not be considered in the rankings.
Don’t forget about the Women Leaders ranking category. This is a fantastic opportunity to nominate prominent female partners with a good transactional record or high market status.
Fill out the Peer Feedback online survey. The survey will be released in March and is a great opportunity for self-nomination and to nominate other notable lawyers and practitioners in the market.

This next Research Timetable is as follows: