FT ranks Wolf Theiss as one of the most innovative law firms in Europe

Utl.: Wolf Theiss is the only Austrian law firm which was ranked
among the top 10 most innovative law firms in Continental
Europe by the FT Innovative Lawyers Report =

Wien/London (OTS) - Wolf Theiss is the only Austrian law firm which
was ranked among the top 10 most innovative law firms in Continental
Europe by the FT Innovative Lawyers Report. In the categories
"Innovation in Mergers and Acquisitions" and "Innovation in Business
Development and Knowledge Sharing", Wolf Theiss is "highly
recommended" by the prestigious European legal ranking.

In the category "Innovation in M&A" Wolf Theiss was rewarded for
creating a structure for OBI to take over BauMax through 69 separate
deals and long-term leases, protecting BauMax from insolvency. Horst
Ebhardt, Wolf Theiss Partner, Head of Corporate and M&A, was
commended by the FT Innovative Lawyers Report for leading these
complex transactions.

Wolf Theiss also received an award in "Innovation in Business
Development and Knowledge Sharing" for an initiative that supports
collaboration in the firm. Tackling the traditional problems of
lawyers working in silos in their firms, Wolf Theiss has embarked on
a systematic programme to encourage its lawyers to collaborate with
each other across practices, offices and generations. Among others,
it appraises and financially rewards partners for exceptional
collaboration and is designed to maximize the firm's cross-selling
opportunities.

"We are currently focusing on innovation in all different kinds of
areas. We are very proud that the FT Innovative Lawyers Report
recognises our efforts for being an outstanding and innovative law
firm", said Erik Steger, Partner Wolf Theiss and member of the
Management Board. "Congratulations to our team for their successful
collaboration efforts".

Now in its eleventh year of publication, the FT Innovative Lawyers
Report has become one of the top legal rankings in Europe and the
accompanying awards are widely regarded as the best researched in the
market. Over the past decade, it has assessed legal innovation in
over 50 different countries from over 400 unique law firms and over
400 company in-house legal departments.

The FT Innovative Lawyers Report represents a unique analysis of the
legal industry, assessing lawyers on their innovation both for
clients and in their own businesses. They base both the report and
awards on thorough research and robust journalism.

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