With the work of lawyers seldom recognized in Hungary, Wolters Kluwer decided to honor legal counsels and corporate lawyers alike, focusing on consistent excellence by both individuals and teams. The awards were presented at a gala dinner held in the Hotel Boscolo on December 15. We asked Tóth Gábor, CEO of Wolters Kluwer, to explain more.
How is the award broken down?
One part of the award was addressed to lawyers and law firms, and the other to corporate lawyers, legal counsels and legal teams. Within these two segments of the profession, we were looking for excellence and innovation in the fields of labor law, competition law and dispute settlement.
How does this award differ from international recognition such as the Chambers & Partners or Legal500 awards?
First and foremost, it is tailored for Hungary, for Hungarian lawyers. The Hungarian branch of Wolters Kluwer (and its predecessors) has been working for decades to help the legal profession in Hungary, and it is our wish to reward the best of the best, based on our own principles. The awards mentioned above are designed for the global market, are somewhat difficult to enter and entail a lengthy procedure, and they are traditionally inclined to favor larger firms. On the other hand, we support smaller firms and firms from outside Budapest as well; legal innovation is an activity that is not necessarily dependent on size or money. Moreover, the financial reward of unreasonably overlooked lawyers is just as important for us as the lawyers themselves.
What comes with the award?
Winners can use the title for one year, on their website, in the press or in their corporate stationary. Not only the winners are rewarded; we included the best material submitted in each category on a shortlist, one of whom was given the prize for that category. Early in 2017 we will publish the introductory materials of all the participants – nominees and winners alike – in Hungary’s leading economic magazine and share them with business leaders and decision-makers, including representatives of the legal profession.
What were the criteria for awarding the prizes?
Innovation and a client-oriented approach were the leading criteria; that is how Wolters Kluwer operates, so that is what we were looking for in the legal teams as well. We were not looking for the largest