The Recorder on Wednesday night named John Bautista of Orrick, Herrington & Sutcliffe the 2019 Innovator of the Year.

Bautista was given the award for his work as the chief lawyer on the Long-Term Stock Exchange, a U.S. Securities and Exchange Commission-approved exchange designed to change the paradigm of traditional stock markets by rewarding entrepreneurs and investors committed to long-term business strategies. Below is a Q&A The Recorder conducted with Bautista about the concept behind the exchange and the legal work that went into it after he was named as a finalist for the award.

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