Ligand field theory
Ligand field theory (LFT) describes the bonding, orbital arrangement, and other characteristics of coordination complexes. It represents an application of molecular orbital theory to transition metal complexes. A transition metal ion has nine valence atomic orbitals - consisting of five (n)d, one (n+1)s, and three (n+1)p orbitals. These orbitals are of appropriate energy to form bonding interaction with ligands. The LFT analysis is highly dependent on the geometry of the complex, but most explanations begin by describing octahedral complexes, where six ligands coordinate to the metal.
σ-Bonding (sigma bonding) 
The molecular orbitals created by coordination can be seen as resulting from the donation of two electrons by each of six σ-donor ligands to the d-orbitals on the metal. In octahedral complexes, ligands approach along the x-, y- and z-axes, so their σ-symmetry orbitals form bonding and anti-bonding combinations with the dz2 and dx2−y2 orbitals. The dxy, dxz and dyz orbitals remain non-bonding orbitals. Some weak bonding (and anti-bonding) interactions with the s and p orbitals of the metal also occur, to make a total of 6 bonding (and 6 anti-bonding) molecular orbitals.
In molecular symmetry terms, the six lone-pair orbitals from the ligands (one from each ligand) form six symmetry adapted linear combinations (SALCs) of orbitals, also sometimes called ligand group orbitals (LGOs). The irreducible representations that these span are a1g, t1u and eg. The metal also has six valence orbitals that span these irreducible representations - the s orbital is labeled a1g, a set of three p-orbitals is labeled t1u, and the dz2 and dx2−y2 orbitals are labeled eg. The six σ-bonding molecular orbitals result from the combinations of ligand SALC's with metal orbitals of the same symmetry.
π-bonding (pi bonding) 
π bonding in octahedral complexes occurs in two ways: via any ligand p-orbitals that are not being used in σ bonding, and via any π or π* molecular orbitals present on the ligand.
In the usual analysis, the p-orbitals of the metal are used for σ bonding (and are the wrong symmetry to overlap with the ligand p or π or π* orbitals anyway), so the π interactions take place with the appropriate metal d-orbitals, i.e. dxy, dxz and dyz. These are the orbitals that are non-bonding when only σ bonding takes place.
One important π bonding in coordination complexes is metal-to-ligand π bonding, also called π backbonding. It occurs when the LUMOs of the ligand are anti-bonding π* orbitals. These orbitals are close in energy to the dxy, dxz and dyz orbitals, with which they combine to form bonding orbitals (i.e. orbitals of lower energy than the aforementioned set of d-orbitals). The corresponding anti-bonding orbitals are higher in energy than the anti-bonding orbitals from σ bonding so, after the new π bonding orbitals are filled with electrons from the metal d-orbitals, ΔO has increased and the bond between the ligand and the metal strengthens. The ligands end up with electrons in their π* molecular orbital, so the corresponding π bond within the ligand weakens.
The other form of coordination π bonding is ligand-to-metal bonding. This situation arises when the π-symmetry p or π orbitals on the ligands are filled. They combine with the dxy, dxz and dyz orbitals on the metal and donate electrons to the resulting π-symmetry bonding orbital between them and the metal. The metal-ligand bond is somewhat strengthened by this interaction, but the complementary anti-bonding molecular orbital from ligand-to-metal bonding is not higher in energy than the anti-bonding molecular orbital from the σ bonding. It is filled with electrons from the metal d-orbitals, however, becoming the HOMO of the complex. For that reason, ΔO decreases when ligand-to-metal bonding occurs.
The greater stabilisation that results from metal-to-ligand bonding is caused by the donation of negative charge away from the metal ion, towards the ligands. This allows the metal to accept the σ bonds more easily. The combination of ligand-to-metal σ-bonding and metal-to-ligand π-bonding is a synergic effect, as each enhances the other.
As each of the six ligands has two orbitals of π-symmetry, there are twelve in total. The symmetry adapted linear combinations of these fall into four triply degenerate irreducible representations, one of which is of t2g symmetry. The dxy, dxz and dyz orbitals on the metal also have this symmetry, and so the π-bonds formed between a central metal and six ligands also have it (as these π-bonds are just formed by the overlap of two sets of orbitals with t2g symmetry.)
Role of metal p-orbitals 
In the prevalent LF analysis, the valence p orbitals on the metal participate in metal-ligand bonding, albeit weakly. Some new theoretical treatments do not count the metal p-orbitals in metal-ligand bonding, although these orbitals are still included as polarization functions. This results in a 12-electron rule which accommodates all low-spin complexes including linear 14e complexes such as Tollen's reagent and square planar 16e complexes as well as implies that such transition metal complexes are hypervalent, but has yet to be adopted by the general chemistry community.
High and low spin and the spectrochemical series 
The six bonding molecular orbitals that are formed are "filled" with the electrons from the ligands, and electrons from the d-orbitals of the metal ion occupy the non-bonding and, in some cases, anti-bonding MOs. The energy difference between the latter two types of MOs is called ΔO (O stands for octahedral) and is determined by the nature of the π-interaction between the ligand orbitals with the d-orbitals on the central atom. As described above, π-donor ligands lead to a small ΔO and are called weak- or low-field ligands, whereas π-acceptor ligands lead to a large value of ΔO and are called strong- or high-field ligands. Ligands that are neither π-donor nor π-acceptor give a value of ΔO somewhere in-between.
The size of ΔO determines the electronic structure of the d4 - d7 ions. In complexes of metals with these d-electron configurations, the non-bonding and anti-bonding molecular orbitals can be filled in two ways: one in which as many electrons as possible are put in the non-bonding orbitals before filling the anti-bonding orbitals, and one in which as many unpaired electrons as possible are put in. The former case is called low-spin, while the latter is called high-spin. A small ΔO can be overcome by the energetic gain from not pairing the electrons, leading to high-spin. When ΔO is large, however, the spin-pairing energy becomes negligible by comparison and a low-spin state arises.
The spectrochemical series is an empirically-derived list of ligands ordered by the size of the splitting Δ that they produce. It can be seen that the low-field ligands are all π-donors (such as I-), the high field ligands are π-acceptors (such as CN- and CO), and ligands such as H2O and NH3, which are neither, are in the middle.
I− < Br− < S2− < SCN− < Cl− < NO3− < N3− < F− < OH− < C2O42− < H2O < NCS− < CH3CN < py (pyridine) < NH3 < en (ethylenediamine) < bipy (2,2'-bipyridine) < phen (1,10-phenanthroline) < NO2− < PPh3 < CN− < CO
Ligand field theory was developed during the 1930s and 1940s as an alternative to crystal field theory (CFT). CFT describes certain properties of coordination complexes but is based on a model that emphasizes electrostatic interactions between ligand electrons with the d-electrons on the metal. CFT does not describe bonding. Ligand Field Theory, in a sense, combined CFT and the then-emerging molecular orbital theory.
See also 
- Schläfer, H. L.; Gliemann, G. "Basic Principles of Ligand Field Theory" Wiley Interscience: New York; 1969
- G. L. Miessler and D. A. Tarr “Inorganic Chemistry” 3rd Ed, Pearson/Prentice Hall publisher, ISBN 0-13-035471-6.
- Weinhold, Frank; Landis, Clark R. (2005). Valency and bonding: A Natural Bond Orbital Donor-Acceptor Perspective. Cambridge: Cambridge University Press. pp. 447–49. ISBN 0-521-83128-8.
- Crystal-field Theory, Tight-binding Method, and Jahn-Teller Effect in E. Pavarini, E. Koch, F. Anders, and M. Jarrell (eds.): Correlated Electrons: From Models to Materials, Jülich 2012, ISBN 978-3-89336-796-2