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Burges Salmon LLP

Living Wage
ONE GLASS WHARF, BRISTOL, BS2 0ZX, ENGLAND
Tel:
Work 0117 939 2000
Fax:
Fax 0117 902 4400
DX:
7829 BRISTOL
Email:
Web:
www.burges-salmon.com
Bristol, Edinburgh, London

Kari McCormick

Tel:
Work 0117 902 6620
Email:
Burges Salmon LLP

Work Department

Dispute Resolution.

Position

Head of Financial Services at Burges Salmon. Particular expertise in insurance-related disputes, financial services litigation, professional negligence claims against financial services providers and accountants and regulatory investigations/enforcement action.

Career

Trained New Zealand; admitted as a barrister and solicitor, New Zealand 1993; partner Clifford Chance LLP 2005-09; partner Burges Salmon 2011 to date.

Member

Higher Rights of Audience 2001.

Education

Attended University of Otago, New Zealand (1991 Bachelor of Commerce (marketing), 1992 Bachelor of Laws (LLB (Hons)).


London: Corporate and commercial

Financial services: non-contentious/regulatory

Within: Financial services: non-contentious/regulatory

The broad practice of Burges Salmon LLP covers fund and asset management work as well as providing experience in the pensions, insurance and fintech spaces. The non-contentious side is led by innovative transactional specialist Tom Dunn and Kari McCormick, who also leads a contentious offering that has particular expertise in investigations arising from conduct issues. The firm is known as trusted adviser to the Financial Services Compensation Scheme Limited. Sarah Kenshall joined in 2018 from Axiom and is a director in the fintech group.

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London: Dispute resolution

Banking litigation: investment and retail

Within: Banking litigation: investment and retail

Burges Salmon LLP is 'excellent at every level'. The practice acts for banks in disputes involving facilities, derivatives and hedging, securitisation, acquisition finance, investment funds and professional negligence. It has particular experience in the mis-selling of financial products and services as well as advising on investigations. Bristol-based David Hall is dispute resolution head, Kari McCormick is financial services sector head, and Andrew Burnette regularly acts for banking clients in recoveries and professional negligence and fraud claims. Caroline Brown is an experienced senior associate.

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Commercial litigation

Within: Commercial litigation

Burges Salmon LLP's Bristol-based practice 'has great market presence in disputes, excellent knowledge of the law and is very hardworking'. It fields specialist litigators in transport, energy and natural resources, financial services, agricultural and rural affairs, IP and pensions. David Hall heads the team, which also includes Kari McCormick, Andrew Burnette, Chris Jackson, Sian Edmunds and Michael Ward.

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London: Insurance

Insurance litigation: for policyholders

Within: Insurance litigation: for policyholders

The practice at Burges Salmon LLP, which is led out of Bristol by insurance litigation head Kari McCormick, is focused almost exclusively on work for policyholders, allowing the firm to avoid conflicts to a large extent. The practice, which has a sector focus on construction, transport, energy, rail and infrastructure clients, has recently seen an increasing of work originating in Latin America. Senior associate Matthew Walker is well-regarded for his 'sector expertise and calm, can-do manner'.

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Insurance: corporate and regulatory

Within: Insurance: corporate and regulatory

Burges Salmon LLP has national strength in regulatory work in the financial services and insurance sectors, including commercial and compliance insurance work. The firm's team includes Kari McCormick, who advises clients on insurance coverage and matters relating to warranty and indemnity insurance, credit insurance and directors and officers liability insurance.

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Legal Developments by:
Burges Salmon LLP

  • Restoring environmental damage: putting a price on ecosystem services

    On 7 August 2009 a 40-inch pipeline ruptured, spilling 5,400 cubic metres of crude oil into the soil and groundwater of La Crau nature reserve in southern France, a habitat protected under French and European law. The operator had to excavate and replace 60,000 tons of soil, install 70 wells to pump and treat groundwater and 25 pumps to skim oil from surface water, at a cost in the region of €50m. However, this was just the primary remediation (that is, restoring the site to the state it would have been if the damage had not occurred). The operator was also required to compensate for the damage to the habitats and the loss of the ecosystem services that would otherwise have been provided by La Crau nature reserve. Measures included purchasing land outside of the nature reserve and contributing to its management for a period of 30 years (over €1m), monitoring the water table for 20 years (over €500,000), monitoring fauna over three years (€150,000) and rehabilitation in accordance with best available ecological techniques (nearly €2m). Overall, the compensatory restoration (to compensate for the amount of time that the ecosystem was impacted) and complimentary restoration (to compensate for elements of the ecosystem that had been permanently lost) came to more than €6.5m. 

    - Burges Salmon LLP

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