This article presents a quick overview of conventional precoding and beamforming techniques in the cellular networks and proposes a novel coordinated beamforming technique for coordinated multipoint (CoMP) networks, which is based upon signal-to-leakage-plus-noise ratio (SLNR) metric. The proposed scheme has reduced computational cost and offers improved performance compared to the conventional multi-cell precoding schemes in the noise-dominated environments. Simulation results reveal that proposed scheme offers a spectrally efficient, low complexity solution with improved average user throughput and sum rate in the CoMP enabled networks.