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IMF’s Hugh McLernon and John Walker have both been chosen by The American Lawyer magazine in its list of “Top 50 Innovators in Big Law in the Last 50 Years”. The magazine’s research and reporting teams spent six months looking for the people “whose ideas, policies, and practices have left an indelible mark on the legal industry".
IMF’s founders, and current Managing Director and Executive Director, were chosen in the category of Outsiders’ Influence. The other categories comprised Big Ideas, Law Firm Values, The Work, and Business of Law. An article published in The American Lawyer describing IMF’s contribution stated:
“More than anyone else, IMF (Australia) Ltd's Hugh McLernon and John Walker pioneered the model for investing in lawsuits that's starting to take hold in the United States and the United Kingdom.”
All of the winners will be honoured at a reception in New York City in October.
For the full list of recipients, see The American Lawyer Honors Top Big Law Innovators of Last 50 Years and for the full version of the article about IMF which appeared in the August 2013 issue of The American Lawyer, see The Innovators: Cash in Advance