Allen & Overy LLP's team is situated in the litigation and investigations department, representing global financial institutions in bet-the-company regulatory investigations and disputes. The group also has a strength in criminal issues, with experts in cases involving allegations of bribery, corruption, money-laundering antitrust and sanctions violations - areas of expertise for Eve Giles. Calum Burnett heads the group and is often called upon in cross-border regulatory investigations and enforcement proceedings. Promoted to partner in May 2020, Sarah Hitchins is increasingly known for matters involving whistleblowing and non-financial misconduct. Mahmood Lone is an expert in benchmark rate manipulation cases.
Financial services: contentious in London
Other key lawyers:
Eve Giles; Sarah Hitchins; Mahmood Lone; Arnondo Chakrabarti; Brandon O’Neil
‘Excellent technical expertise and industry knowledge. Go to firm for contentious financial services.’
‘Commercial and collaborative. Excellent team work.’
‘Great availability, go the extra mile, trusted advisors.’
Clients appreciate that Clifford Chance LLP's team has 'huge strength in depth, great experience in actually fighting cases'. The group is regularly instructed on high-profile FCA and PRA investigations, with clients across the financial services sector, including banks, asset managers, insurance companies and funds. The group is ably led by Carlos Conceicao, whose main area of expertise are matters pertaining to investment and retail banking. Dorian Drew focuses on asset management-side work. Kelwin Nicholls is increasingly known for investigations in the cryptocurrency space. Oliver Pegden has experience in high court litigation, as well as regulatory enforcement issues. Samantha Ward sits in the technology group, but is regularly called upon by the team to act in cybersecurity issues. Senior associate Nicholas Grafton-Green has building a varied practice centring around financial crime, transaction reporting and operational resilience matters.
Other key lawyers:
Dorian Drew; Kelwin Nicholls; Michael Lyons; Oliver Pegden; Samantha Ward; Nicholas Grafton-Green; Ellen Lake
‘The top all round team. huge strength in depth, great experience in actually fighting cases – not so common. Top individuals.’
‘Carlos Conceicao – widely respected (and rightly) as top of the tree in this area. Massive experience, sensible and calm presence, allied to running a great team.’
‘Broad range of skills and expertise.’
‘Michael Lyons has expert knowledge on sanctions issues, financial crime and fraud matters.’
- Advising a fund solutions business in its capacity as authorised corporate director of a high-profile UK equity fund in relation to an FCA Enforcement investigation concerning the circumstances resulting in the fund’s suspension.
- Acting for a former senior executive of a UK-based international bank in relation to a joint PRA and FCA investigation into whether prohibition proceedings should be commenced against our client, and other former senior executives, resulting from events that took place during and prior to the Global Financial Crisis.
- Representing a former director and Senior Manager of a UK bank subject to enforcement investigation by the FCA and PRA in relation to a high profile IT failure.
Herbert Smith Freehills LLP
The team at Herbert Smith Freehills LLP is praised by one client as 'pragmatic and decisive, underpinned by excellent knowledge and leadership', with a team made up of lawyers with experience in-house at the regulators and in financial institutions. The group handles the spectrum of contentious financial services matters, and is most known for its work on benchmark-related litigation and regulatory investigations, as well as cybersecurity issues. Jenny Stainsby, head of the EMEA disputes practice and the global contentious financial services regulatory group, is an expert in governance issues, redress and remediation exercises. Andrew Procter is another core lawyer, with experience in market abuse and systems and control cases. Karen Anderson is known for her work with banks and brokers in their interactions with UK and overseas regulators. Hywel Jenkins leads the UK contentious regulatory team and has a practice involving FCA enforcement investigations and challenging PRA decisions. Senior associate Benedicte Perowne is an up-and-coming name in the group.
Other key lawyers:
Andrew Procter; Karen Anderson; Hywel Jenkins; Susannah Cogman; Chris Ninan; Benedicte Perowne
‘The team is regulatory experienced and practical which is rare in the reg space. Andrew Procter adds a huge depth of knowledge and in house experience and is a real star and he works well and integrates with the rest of the team. Despite being busy they are very available when you need them.’
‘Andrew Procter – is a stand out performer – he has vast experience including in house and in compliance and an in-depth knowledge of the market and how to think about and approach issues. His counsel is always insightful and valuable.’
‘I have used HSF for a number of years now. As a firm, HSF always delivers expert advice in a timely and responsive manner. Each partner really tries to understand the unique elements of the client and adapt their style accordingly.’
‘Hywel Jenkins has demonstrated articulate subject matter expertise, as well as pragmatism and timely responsiveness in a crisis. Hywel has a great personal quality of making you think he is your only client. He is responsive, timely, pragmatic and understanding of the client’s demands.’
‘Good mix of partners with complimentary skills i.e. technical knowledge, industry/sector knowledge and experience, FCA experience, client management. Reasonable amount of female partners. Pro-actively look to partner closely with the bank e.g. willing to offer secondees, work together on cost efficiencies.’
‘The Team with which I engaged was exceptionally professional in all of my dealings with them and operates to the highest standard possible. Unlike with other law firms, response rates were unbelievably quick and always on point. The Team was in total command of its brief and had expert domain knowledge in relation to my specific area – namely FCA regulatory investigations. Each of the partners and associates also had a high degree of emotional intelligence and empathy for the client’s circumstances.’
‘Pragmatic and decisive, underpinned by excellent knowledge and leadership.’
Ardonagh Group Limited
Cabot Square Capital
Goldman Sachs International
Lloyds Banking Group plc
Pension Insurance Corporation
Royal Bank of Scotland Group plc
Standard Chartered Bank
TP ICAP plc
TSB Bank plc
Vanquis Bank Limited
Willis Towers Watson
National Australia Bank (NAB)
- Acting for TSB on issues arising from the migration of TSB’s customer data from an IT platform hosted by Lloyds Banking Group to a new platform developed by the Sabadell Group (of which TSB is a member).
- Acted for the former CEO of an AIM-listed and FCA-regulated financial spread-betting firm, WorldSpreads Group plc, in relation to his reference to the Upper Tribunal of the FCA’s Decision Notice against him which imposed a fine of £658,900 and a prohibition.
- Assisted a global Investment bank headquartered in the United States with conducting significant reviews of its corporate governance arrangements in the context of a section 166 skilled persons review and related focus on individual directors in relation to their regulatory duties (including under the Senior Managers and Certification Regime).
Linklaters LLP has an integrated contentious and non-contentious financial services regulatory team that covers the breadth of regulatory disputes, with a particular reputation for acting for wholesale and retail banks, but also an increasingly diverse client base that includes investment managers, trading platforms, asset managers and private equity firms. The group is led by Martyn Hopper, whose experience spans insider dealing and market manipulation cases, as well as corporate disclosure and governance issues. Nikunj Kiri has substantial internal and external investigations experience, as well as handling skilled persons’ and past business reviews arising from regulatory failings. Alison Wilson is well-known to the retail and wholesale banking sectors, with regular instructions relating to FCA enforcement investigations and pre-enforcement matters. Ben Packer‘s practice is focused on the crossover between regulatory investigations and cases of financial crime. Promoted to partner in May 2021, Clare McMullen is increasingly known for market abuse and anti-money laundering matters. Counsel Elizabeth Dowd is also recommended.
Other key lawyers:
Nikunj Kiri; Alison Wilson; Susana Cao Miranda; Gavin Lewis; Ben Packer; Elizabeth Dowd; Clare McMullen
‘Understanding of the market and our sector is second to none and always very responsive.’
‘Incomparable experience and expertise. Great team work.’
‘Martyn Hopper and Ben Packer are highly skilled and immensely experienced.’
Bryan Cave Leighton Paisner LLP‘s lawyers represent financial institutions, financial services firms and their senior executives in matters pertaining to enforcement, disciplinary and criminal proceedings, with an increasingly active line in culture and conduct cases. Polly James draws on her previous experience as an enforcement lawyer at the FSA to assist financial institutions and individuals with regulatory enforcement actions, as well as internal investigations. In January 2021, the firm was joined by Sarah Klein, a white-collar criminal defence specialist from Kirkland & Ellis International LLP meanwhile former practice head Nathan Willmott departed to Ashurst LLP in January 2022.
Other key lawyers:
‘They are engaged with regulatory trends and adopt a balanced, strategic approach.’
‘Polly James thinks ahead, deals with matters efficiently and provides well-judged advice. A pleasure to work with.’
‘It is the right size to be effective without losing the personal side of helping clients. Great subject matter expertise throughout levels of seniority. There seemed to be a genuine connectivity within the team whilst having a clear mix of personalities.’
‘The team that provided services to myself were extremely professional and very knowledgeable and aware in the subject area involved. The team was very balanced from Partner level through to legal assistant level. The standout strengths were collaboration and communication.’
‘Polly James and her team were extremely personable, which made the relationship easy whilst also very professional.’
At CMS, the contentious financial regulatory team sits in the firm's standalone regulatory practice, led by Ash Saluja, giving lawyers in-depth knowledge of financial regulations. The group has experience across the space, including in relation to notifications, s166 skilled person reviews, remediation projects, in addition to internal, FCA and PRA investigations. Alison McHaffie is a core team member, with a strong track-record in regulatory inquiries, as well as in full-scale investigations. Simon Morris is another name to note, with substantial experience in regulatory and disciplinary proceedings. Elizabeth Bremner regularly represents financial services firms and senior managers in UK and overseas regulatory matters.
Other key lawyers:
Simon Morris; Alison McHaffie; Elizabeth Bremner
‘The team is responsive, extremely knowledgeable, commercial, strategic and technical.’
‘Alison McHaffie – there is no better person in the industry to have on your side.’
‘CMS UK has a great team and mainly tremendous cooperation between all departments.’
‘Alison McHaffie is a great experienced and pleasant to work with.’
‘Very experienced, strong team, who know us well and are responsive and engaged.’
‘Elisabeth Bremner – an astonishing ability to master the detail but also cut straight to what is important. She’s just superb at what she does. The lawyers’ lawyer. Alison McHaffie – smart, engaged, diligent and astute.’
‘Their experience in dealing with contentious financial services matters enables them to deliver accurate and practical advice.’
The financial services litigation and contentious regulatory department at Hogan Lovells International LLP is most known for acting for high-profile financial institutions in a wide variety of investigations and enforcement matters, leveraging a strong international office network that gives it a real strength in cross-border instructions. Practice head Philip Parish has significant recent experience in benchmark- and exchange rate-related cases, representing institutions and senior individuals. Elaine Penrose has significant experience leading internal and regulator-initiated investigations. Arwen Handley has a caseload that involves market abuse cases.
Other key lawyers:
Elaine Penrose; Louise Lamb; Arwen Handley; Jennifer Dickey; Hannah Piper
‘Strong team, especially good for retail-related banking and alternative banking services.’
‘The firm is very strong in banking and finance litigation and in financial services, with many of the largest financial institutions being among the firm’s major clients.’
‘Arwen Handley – very knowledgeable in the area, having worked for a number of years at a major investment bank, and a delight to work with.’
‘Louise Lamb – great at consumer credit. Hannah Piper – very knowledgeable and hard worker.’
‘Very well-established in the market, a significant number of partners with expertise in the area, very personable and relatively flexible on fees.’
At Macfarlanes LLP, the financial services and markets dispute resolution team has experience in major investigations, with recent work involving LIBOR and FX, market abuse allegations and insider-dealing investigations. The group comprises experts in civil and criminal litigation, and has a track-record in cross-border regulatory disputes. Dan Lavender takes the lead, and is often called upon to co-ordinate matters involving multiple jurisdictions. Matt McCahearty heads the firm's litigation department and is well-established in the space of investigations and regulatory enforcement. Barry Donnelly is a veteran of contentious financial regulatory issues, with experience in proceedings brought by UK and US regulators and criminal authorities. Senior counsel Aalia Datoo is also recommended.
Dan Lavender; Matt McCahearty
Other key lawyers:
Barry Donnelly; Aalia Datoo; Helen Carter; Laura Bridgewater
‘Very good team covering contentious FS, good industry knowledge and great team players.’
‘Matt McCahearty – increasing prominence and stature over past few years, great team player.‘
‘Exceptional strength with technical knowledge around judicial reviews.’
‘Matt McCahearty and Dan Lavender are both exceptional and sharp litigators.’
‘I have worked with Matt McCahearty on a number of matters. He is intelligent, sensible and a pleasure to work with. He is experienced and knowledgeable and I would not hesitate to recommend him.’
- Acting for NatWest in its defence of three separate claims relating to loss alleged to have arisen from anti-competitive manipulation of foreign exchange markets by individual traders at various banks.
- Multiple ongoing litigation and investigations for the British Bankers’ Association, the non-profit organisation that acts as a trade association for the UK banking and financial services sector, and lobbies for its members.
At Norton Rose Fulbright, lawyers handle investigations and enforcement actions initiated by the UK regulators and authorities, and have the ability to work alongside colleagues in the firm’s international office network in multi-jurisdictional investigations. Other areas of expertise include skilled person reviews and remediation programmes, as well as financial criminal defence. Katie Stephen, ‘undoubtedly one of the best financial services practitioners in the City’, co-leads the team alongside David Harris, another stand-out contentious regulatory practitioner.
Katie Stephen; David Harris
Other key lawyers:
Rachel McDonnell; Sally Tavares
‘Very knowledgeable in this space, instructed on many of the big regulatory dispute.’
‘Katie Stephen – brilliant litigator who tirelessly fights for her clients.’
‘The team is very responsive and able to nimbly deal with complex regulatory and jurisdictional issues. They have a quick grasp on complex market issues and the regulatory issues around them.’
‘I have principally worked with Katie Stephen. She has been very quick to develop an understanding of the key issues and to break these down in a clear and concise way. She has also shown strong co-ordination with our US counsel and managed to skilfully navigate the differing US and UK legal and regulatory requirements.’
‘The in depth knowledge of the topic and the practical application to our challenges is excellent. The team are approachable and talk in a straight forward way I can understand. When they explain complex issues they have the way of expressing the issues which I can analyse and understand quickly. They have understood our complex corporate history, and they have been very innovative in helping us navigate a complex and changing environment.’
‘The straight talking, supportive dialogue has been invaluable to us. we have been able to make rapid decisions as we have been able to get clear guidance, quickly. The ability of the NRF team to work collaboratively (with us and across their own disciplines) has been excellent, and really made a difference to us. We feel we own our decisions, but that we have made them with all the information we need. The whole team have been excellent, nominating any individual feels unfair!‘
‘Norton Rose have sophisticated lawyers experienced in dealing with the most complex financial services cases.’
‘Katie Steven deals with complex financial services litigation. She has an excellent command of the detail in these cases. She is also a pleasure to deal with – very collaborative in her approach to colleagues and other parties. This is an approach that undoubtedly works in encouraging co-operation of stakeholders.’
‘An experienced and efficient team with wonderful depth and international experience.’
‘Katie Stephen is undoubtedly one of the best financial services practitioners in the City. she’s incredibly knowledgeable, an excellent lawyer, knows the industry backwards, is a superb tactician, is a brilliant team leader, and a total joy to work with. Outstanding.’
Simmons & Simmons
The contentious regulatory group at Simmons & Simmons is most known for assisting with financial regulatory investigations, with specialisms in potential misconduct, market abuse, systems and controls breaches and individual accountability. The team is also well-versed in internal investigations, rule-based breaches and conduct issues. Jointly taking the lead are Richard Sims, noted for his expertise in FCA enforcement investigations, and Emma Sutcliffe, who has a reputation for non-financial misconduct claims and whistleblower cases. Caroline Hunter-Yeats' clients include a mixture of financial institutions and individuals, which she defends in a variety of investigations.
Richard Sims; Emma Sutcliffe
Other key lawyers:
Caroline Hunter-Yeats; Tim Boyce
‘Simmons have strength in depth and a top-class offering, providing joined-up advice on multi-jurisdictional matters with multiple exposures (civil, criminal, regulatory, reputational). They collaborate effectively across disciplines (in particular with their excellent employment colleagues) and understand the sensitivities for in-house counsel managing multiple internal and external stakeholders. Highly recommended.’
‘Very strong team for contentious financial services, with a lot of high profile work recently.’
‘Richard Simms is enormously impressive. He’s tremendously clever, he knows the FS market as well as any and better than most, he’s a highly sophisticated litigator and an outstanding tactician.’
‘Tim Boyce is a truly superb FS litigator, and the ‘go-to’ for the biggest and toughest cases. Massively impressive.’
‘Richard Sims – thoroughly expert in internal and enforcement investigations, particularly market abuse; incredibly sure-footed and technically excellent; cuts right to the nub of the issue without fuss.’
‘Emma Sutcliffe – technically strong, handles vast and complex matters effectively and with good humour; extremely user-friendly.’
‘Emma Sutcliffe is stunningly impressive. She’s exceptionally bright, incredibly knowledgeable, enormously hard-working, tactically savvy. All-round, she’s as good a FS litigator as exists.’
Slaughter and May's contentious financial services regulatory team is situated in the firm's global investigations group, led by Richard Swallow, and has a strong reputation for domestic and cross-border regulatory investigations and enforcement actions. Lawyers have substantial experience in benchmark-linked regulatory investigations for the firm's impressive global financial institutional clients, in addition to market abuse, anti-money laundering and disclosure cases. Deborah Finkler is key to the firm's offering, regularly handling high court litigation, foreign disputes and regulatory investigations. Ewan Brown is another expert in FCA investigations, often acting in the role of strategic counsel. Holly Ware's practice includes cross-jurisdictional investigations, involving regulatory and prosecuting authorities. Jonathan Clark is an expert in benchmark manipulation cases.
Other key lawyers:
Deborah Finkler; Ewan Brown; Jonathan Clark; Jonathan Cotton; Tim Blanchard; Holly Ware
‘One of the top premier City FS practices (which I say having worked with all of them in recent years). Huge strength in depth, formidable experience, and not a weak link.’
‘Deborah Finkler, massive experience over very wide range of cases including FS.’
‘Ewan Brown, very strong litigator.‘
‘Outstanding and rounded litigation lawyers who are notable for their willingness to stake out a clear view on strategy and risk.’
‘Ewan Brown is in my view the best litigator at Slaughter and May.’
Credit Suisse AG, Credit Suisse International and Credit Suisse Securities (Europe) Limited
Zurich Insurance plc
JPMorgan Chase Bank N.A.
Listed multinational company
- Advising Credit Suisse on FCA and other investigations arising from US$2 billion ‘tuna bond scandal’.
- Acting as strategic co-advisers to Zurich Insurance plc in the landmark financial markets test case brought by the Financial Conduct Authority on behalf of thousands of business interruption insurance policyholders as a result of the COVID-19 pandemic
- Advising JPMorgan Chase Bank N.A. in cross-border investigations conducted by the FCA, DOJ, and other regulators worldwide in relation to alleged misconduct in the G10 spot FX market.
Stephenson Harwood is noted for its ability to represent senior individuals and corporates in UK and cross-border financial services investigations and enforcement cases, bringing in lawyers from the litigation, employment and corporate departments. Leading the team is Tony Woodcock, about whom clients say ‘no-one knows more, and has a better feel for contentious FS disputes‘. Sean Jeffrey has a strong track-record in FCA enforcement matters, particularly in relation to client money and retail products. Justin McClelland‘s practice spans criminal and regulatory investigations, as well as follow-on civil disputes.
Other key lawyers:
Sean Jeffrey; Justin McClelland; Ellen Gallagher; Alan Ward
‘Excellent knowledge of the FCA regulations and regulatory interpretation thereof. Experienced across the sphere of regulatory interactions and interventions – S166 avoidance steps, executing/managing S166 programmes and enforcement actions. Experienced, knowledgeable and pragmatic in managing uncertainties created by regulatory intervention and the ambiguities within the client team.’
‘Flexible and accommodating in legal approach, the role of the law firm and diary management to meet client demands whilst ensuring proposed solutions achieved overriding corporate objectives/aims.’
‘Sean Jeffrey provides a strategic insight into the workings of the regulator and pros and cons of alternative approaches which ‘battles should be fought’ and those where ‘a more conciliatory approach’ would be in client best interest.’
‘Tony Woodcock is one of the elder statesmen of the industry. No-one knows more, and has a better feel for contentious FS disputes than him. He’s utterly superb.’
‘Sean Jeffrey: outstanding; massively clever; enormously knowledgeable; understands the industry; is highly respected by the regulators; and is a top choice for any tough case.’
‘Justin McClelland is an outstanding lawyer with superior knowledge of issues relating commodities and financial services. He is thoughtful and forward looking and thinking enabling him to provide business clients the time and fulsome advice required to make bet the company type decisions.’
‘Broad experience with a variety of types of client, from large corporate to individuals.’
‘Sean Jeffrey brings experience of a wide variety of issues and clients, with extensive knowledge of the regulators and how to handle them, there is little that he hasn’t seen before. He is very good at keeping his clients out of trouble, or limiting the damage when things have gone wrong, including limiting reputational damage, whilst never losing sight of ensuring that the right thing is done for all stakeholders. His nuanced and forward thinking approach to contentious matters makes him stand out from the crowd.’
Gibraltar Financial Services Commission
Affinion International Limited
Insolvency Practitioners’ Association
Threadneedle Asset Management Limited
- Tony Woodcock was appointed by the Gibraltar Financial Services Commission to undertake a statutory investigation into the collapse of Enterprise Insurance Company plc (“EIC plc”) and the conduct of its directors and auditors.
- Acted for Bank Saderat plc and its parent, Bank Saderat Iran, one of Iran’s largest commercial banks. The Banks were wrongfully subjected to EU sanctions.
The 'very capable' regulatory investigations group at Travers Smith LLP is well-versed in acting for financial institutions and their intermediaries in high-profile investigations, domestically and across borders. The team includes experts in regulatory investigations, enforcement actions and disciplinary proceedings. Areas of recent activity include representing individuals and institutions in LIBOR and FX investigations, as well as FCA enforcement cases involving anti-money laundering and market abuse. 'Absolutely superb' Rob Fell takes the lead on a number of internal and regulatory investigations, with deep experience in FX cases. Caroline Edwards is known for cross-border investigations, as is Stephanie Lee; Toby Robinson specialises in FCA enforcement actions, including in relation to LIBOR and market abuse. Polly Richard was promoted to partner in July 2020 and is building a practice centring on cases involving allegations of fraud.
Other key lawyers:
Caroline Edwards; Toby Robinson; Huw Jenkin; Polly Richard; Stephanie Lee
‘Very capable team.’
‘Rob Fell – expert litigation tactician.’
‘Rob Fell is absolutely superb, and runs a team on a big case beautifully. He’s an incredibly experienced FS litigator, and has a detailed knowledge of both the market and the law in this area.’
Sitting within the global investigations department under the leadership of Nichola Peters, the team at Addleshaw Goddard is praised by a client for its 'pragmatism, deep understanding of its clients and the issues they face, coupled with depth of expertise make the firm a joy to deal with'. Regulatory investigations are a large part of the group's work, spanning criminal and regulatory-initiated work, in addition to remediations, past-business reviews and redress exercises. David Pygott is the key contact at the firm, having established a strong reputation for FCA investigations, including in relation to disciplinary matters and cases involving alleged market abuse. Sarah Thomas, who became a partner in May 2020, has a broad practice that includes whistleblowing investigations and governance and culture issues. Joining the firm from Stephenson Harwood in February 2020, managing associate Richard McGarry has experience representing individuals in insider dealing and market abuse investigations.
Nichola Peters; David Pygott
Other key lawyers:
Sarah Thomas; Richard McGarry
‘David Pygott is both extraordinarily knowledgeable about financial services regulation and extremely hard-working. He has been instrumental in taking the Addleshaw Goddard team from strength to strength since his arrival and has been involved in some ground-breaking work.’
‘Always proactive, the team at AG are pragmatic, focussing on the bigger picture relevant to their clients, while having a fantastic handle on the detail.’
‘Pragmatism, deep understanding of their clients and the issues they face, coupled with depth of expertise make them a joy to deal with.‘
‘There is an excellent depth of knowledge in the team, and a breadth of experience across the wider firm which can be drawn on. Partners clearly take an active interest in, and look for opportunities to develop junior members of their teams. The people come across as highly motivated and have an ability to turn matters and advice notes around very quickly.’
‘David Pygott has a very obvious enthusiasm for dispute resolution law, and is able to combine this with exceptional intelligence, creativity and a wealth of experience in the area to solve complex problems.’
Akin Gump LLP fields a team with significant experience in regulatory investigations and enforcement, focusing on FCA and PRA initiated matters. Aside from investigations, the group is well-versed in information requests, product intervention queries, supervisory enquiries and thematic reviews. The group also benefits from a strong office network in the US, allowing it to handle transatlantic regulatory matters. Helen Marshall leads the group, praised by one client as 'tough, strategic but charming'. Ezra Zahabi leads the non-contentious practice, but also contributes to contentious matters.
Other key lawyers:
Ezra Zahabi; Joe Hewton
‘Superb team, strength in actually fighting regulatory cases to the RDC – not all that common in city teams.’
‘Helen Marshall – the doyenne of contentious financial services: knowledge and understanding built on decades working with and for the regulator, tough, strategic but charming.’
‘Helen Marshall is an exceptional lawyer. Hard-working, vastly knowledgeable, thoughtful, responsive and shrewd. All lawyers are expensive but Helen represents true value for money.’
Ad hoc group of senior secured noteholders of Travelex
Ad hoc committee of unsecured creditors of Noble Group Limited
- Advised an ad hoc group of senior secured noteholders in relation to the regulatory issues and applications of the high-profile financial restructuring of Travelex, through which the group’s wholesale and outsourcing business and certain international businesses of Travelex have been transferred by way of a pre-pack administration sale to a new holding structure, New Travelex.
- Advising Royalty Pharma, a US-based biopharmaceutical company on the regulatory considerations in connection with the launch and IPO of a new pharmaceutical royalties undertaking incorporated in the UK and listed on Nasdaq.
- Provided English law advice to the ad hoc committee of unsecured creditors on regulatory considerations in connection with the financial restructuring of US$3.5 billion debt issued by Noble Group Limited, a SGX listed Asia commodities supply chain and trading group.
Ashurst‘s contentious financial services group is known for handling high-stakes instructions for financial institutions and corporates before the FCA, financial reporting council and the payment services regulator. The group also handles internal investigations, often arising from allegations against senior managers. The team benefits from market abuse and competition law capabilities. Head of the EMEA dispute resolution practice, Tom Connor takes the lead, with a strong focus on internal and regulatory investigations. David Capps is an expert in finance-related disputes, in addition to financial regulatory enforcement. Senior associate and barrister Anna Varga specialises in contentious financial services and commercial litigation, with a practice involving FCA enforcement. Nathan Willmott, former practice head of Bryan Cave Leighton Paisner LLP, joined the practice in January 2022.
Other key lawyers:
David Capps; Edward Sparrow; Anna Varga; Nathan Willmott
‘Wide base in financial services regulation, which was the reason for their appointment. Bags of experience of contentious and non contentious issues involving FCA and regulated firms.’
‘Ashurst has had for many years a distinct character within the City firms, an absence of hubris, a lot of humour, a keen determination to be a fearless advocate of their clients’ interest and a pervasive professionalism.’
‘Strong contentious team originally built up by Ed Sparrow.’
‘Ashurst are an excellent firm with a refreshing, modern outlook. Their lawyers are creative, responsive, hard working and a great pleasure to work with.’
‘Tom Connor has an excellent reputation in the contentious Corporate – Commercial – Financial Services space. He is very thoughtful and client focused. He is often instructed on big ticket, high profile disputes.’
Bank of America
Moss Bros Group PLC
- Represented Moss Bros Group plc in successfully defending proceedings before the Takeover Panel Executive after a bidder (Brigadier Acquisition Company Limited) tried to walk away from a deal by involving a Material Adverse Change (MAC) clause due to COVID-19.
- Continued to defend Bank of America against allegations that it had engaged in in collusive conduct in respect of the market for European Government Bonds (EGB).
Brown Rudnick LLP's standalone contentious regulatory team has a long-standing reputation for representing senior individuals in regulatory investigations, enforcement and disciplinary matters. The group is led by renowned financial regulatory lawyer Peter Bibby, whose practice is particularly focused on enforcement, with clients including financial institutions and their executives. Chloe Pawson-Pounds is noted for her experience in representing senior managers in FCA and PRA enforcement proceedings.
Other key lawyers:
Chloe Pawson-Pounds; Ian Weinstein
‘The Brown Rudnick approach has been notably focussed on long term goals.’
‘Peter Bibby has been an efficient prosecutor for a UK regulator as well as successful defender of individuals.’
‘They have a deep knowledge of the area.’
‘Team built up over past few years into a very capable outfit, good at detailed defence in complex regulatory proceedings. Willing to take on cases that others might not.’
‘Peter Bibby excellent – regulatory knowledge, huge attention to detail.’
‘Excellent and careful knowledge of the financial services sector.’
‘Peter Bibby – a titan of the finacial services sector. Chlow-Pawson Pounts – a hardworking team player.’
‘The team is led by Peter Bibby who is in my view the pre-eminent contentious financial services lawyer in the UK. He has an unparalleled pedigree having held very senior positions in the Enforcement Division of The FCA and since then has brought this considerable experience to bear on behalf of his clients.’
‘Chloe Pawson-Pounds is clever, sensible and has excellent judgement, great with clients. One to watch.’
- Advising a senior fund manager in respect of a very high profile FCA investigation into potential misconduct and conflicts of interest arising in connection with certain complex and specialist investments, initiated following evidence provided by a whistleblower.
- Instructed by a former senior executive of a major UK bank in relation to a joint FCA and PRA investigation into the conduct of our client and certain other members of the bank’s senior management during the financial crisis.
- Instructed by a former senior executive in relation to a high profile FCA investigation into development loans granted by a major international bank and the subsequent misappropriation of funds.
DLA Piper‘s team stands out for its position on the FCA Skilled Person panel, enabling it to advise the regulators, as well as representing financial institutions. In addition to more traditional financial regulatory disputes, the group also has an active practice involving fintech and regtech, leveraging the wider firm’s specialisms in cybersecurity and data protection cases. The team is jointly managed by Tony Katz, global co-chair of the financial services practice group and specialist in financial crime and enforcement matters; and Sam Millar, who has a particular focus on issues arising from financial products. Patrick Rappo is a key name for white-collar criminal investigations, representing corporates and financial institutions, as well as senior executives. Legal director David Cook joined from Eversheds Sutherland (International) LLP in March 2020, bolstering the firm’s contentious cybersecurity and data protection offering.
Tony Katz; Sam Millar
Other key lawyers:
Patrick Rappo; David Cook; Puesan Lam
‘Excellent attention to client needs. Intelligence. Great judgment.’
‘The team at DLA (led by partners Tony Katz and Jeremy Sher) is a joy to work with. Tony and Jeremy are robust and charming individuals for contentious work – they are marked out by their strategic nous and intelligence. Both know the law well (which is not always the case with disputes partners) and will roll up their sleeves and get to grips with the detail, which means they do not simply rely on counsel but instead bring a fully formed strategy and wealth of ideas to the table.’
‘Tony Katz – a charming and brilliant partner, who brings a refreshing directness to any conversation and gets straight to the point. He seems to have a great capacity to see through the fog of litigation to the points that matter and has no fear of adopting an aggressive strategy when the case calls for it, but knows when to take a cautious approach as well.’
‘Jeremy Sher is one of the great strategic thinkers I have encountered in litigation: he never approaches litigation without a carefully thought out plan for how to win and what to do to get there. One of the best letter writers in the business as well; his drafting for centre-piece disputes correspondence like letters before action and responses to letters before action is both a joy to read and highly effective at getting results.’
Yu Group PLC
Dixons Carphone Plc
- Advising a long-standing clien Project Lakehurst in relation to a cyber-incident which may have resulted in loss of sensitive customer data. Assisted the client with responding to multiple FCA information requests and the FCA’s expectations in terms of IT security and cyber-risk mitigation.
- Acted as defence counsel to Mr Thomas Kalaris in respect of the Serious Fraud Office’s (“SFO”) prosecution of events relating to capital raisings worth c£12.8 billion by Barclays in June and October 2008 during the height of the financial crisis; the largest value fraud case ever brought to trial by the SFO, leading to an acquittal.
Eversheds Sutherland (International) LLP's financial services disputes and investigations department contains former FCA enforcement lawyers, including team co-leaders Gregory Brandman and Julia Neal; while Jake Mcquitty, who leads alongside the duo, has in-house experience in the investigations and enforcement department of a major bank. The group is most known for its expertise in anti-money laundering investigations and financial criminal cases, but it also has a significant presence in the cybersecurity and operational resilience investigations space. Matthew Allen, global co-head of the firm's financial disputes group, has particular experience in benchmark-related misconduct claims, as well as in anti-money laundering issues. Kari McCormick joined from Burges Salmon LLP in March 2020, bringing with her expertise in defending accountancy firms and their senior employees in investigations by the financial reporting council.
Gregory Brandman; Jake McQuitty; Julia Neal
Other key lawyers:
Matthew Allen; Kari McCormick; Ruth Paley; Saira Choonka
‘Good strength and depth.’
‘Thorough, considered, inspire confidence in both advice and support when things get challenging.’
‘Gregory Brandman has deep knowledge of his area of specialty and the market and is very responsive to situations as they arise which inspires complete confidence.’
Mohammad Ataur Rahman Prodhan
Financial Services Compensation Scheme
- Act for Equifax Limited on the ongoing FCA investigation arising from the 2017 cybersecurity incident involving a cyberattack on the company’s US parent, Equifax Inc.
- Act for Mr Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (“SBUK”) in the defence of his FCA enforcement action.
The contentious financial services team at Fieldfisher represents service providers, asset managers, brokers and dealers in contentious issues arising from financial products. The group is also able to call on significant expertise in white-collar criminal matters, including pertaining to anti-money laundering. Able to 'address matters in a matter-of-fact, plain-speaking manner', Duncan Black leads the practice, with knowledge in business conduct and market abuse cases, as well as judicial reviews of disciplinary matters. Tony Lewis is another key name and is recommended for investigations and financial criminal claims.
Other key lawyers:
‘The technical abilities within this team are very strong indeed. There is real engagement from beginning to end and the process of advice and problem-solving has always felt truly collaborative and streamlined.’
‘Duncan Black is incredibly experienced and instils great confidence.’
‘Fieldfisher has been excellent at establishing our needs very quickly in very urgent circumstances, giving us rapid initial guidance and then putting the most appropriate team together to assist us, for an issue that spanned several areas of expertise.’
‘Duncan Black’s advice has been invaluable, guiding us as Directors and legal laypeople through an extremely taxing period with hands-on, practical steps. He asked probing questions and grasped the complex situation we were facing very quickly and helped us address matters in a matter-of-fact, plain-speaking manner. Duncan’s particular strength has been to spend his, and focus our, time on the things that matter. His communications with us have always been to the point, and his turnaround time for questions as they arose impressively fast.’
‘Duncan Black was clear and calm through out the process and the attention to detail was good.’
‘Bright, practical and reassuring.’
‘Genuinely interested in our business and getting us the best result possible. I felt like we were their only client – the focus was exceptional.’
Triland Metals Ltd
Open Access Finance Ltd
Starz Mortgage Capital Ltd
RSM Restructuring Advisory LLP as administrator of Lendy Ltd
- Represented Open Access Finance in litigation regarding the nature of P2P lending arrangements.
- Advising RSM Restructuring Advisory LLP as administrator of Lendy on various regulatory issues arising out of their work as administrators of Lendy, the well-known peer to peer platform.
At Fox Williams LLP, lawyers are adept at FCA and PRA regulatory investigations, with instructions from major UK and international financial institutions; in addition to investigations involving foreign regulators, including in the US. Peter Wright leads the broader financial regulatory practice, with significant investigations experience. Sona Ganatra is praised by clients for her 'significant commercial litigation experience', which she brings to regulatory, as well as internal, investigations. James Carlton has developed a strong reputation in fraud investigations.
Other key lawyers:
James Carlton; Sona Ganatra; Sebastian Sayer; Chris Tanoh
‘Excellent partners and associates work in this Firm. They fit the needs of the firm and they work well with us to provide the best outcomes.’
‘All of the team is outstanding, we particularly like the personal approach and effectiveness of the firm.’
‘The team is excellent and should be a first choice firm for individuals under financial services investigation.’
‘Sona Gonatra is outstanding and very adept and handling client concerns.’
‘The team, led by the indomitable Peter Wright, is up there with the best. Peter’s experience as a Technical Specialist at The FCA, combined with his natural ability to understand complex law and financial services issues, mean that he is an obvious choice for contentious regulatory matters. His team is augmented by Sona Ganatra who brings her significant commercial litigation experience and Seb Sayer who recently joined from The FCA Enforcement division.’
‘Peter Wright of Fox Williams continues to be the stand out FS partner here leveraging his experience at the FCA with his excellent market knowledge and strong legal acumen. A delight to work with.’
‘Very user friendly, good sector experience.’
‘Sona Ganatra – excellent knowledge of the sector and fights tirelessly for her clients.‘
‘I have worked with Peter Wright for over 10 years within his field of FS regulation and insolvency and he provides a pragmatic solution to FS issues arising on cases. He is also supported by a strong team with Sona Ganatra and Chris Finney.‘
‘Very friendly and approachable team who typically have good experience of having worked in FCA enforcement so are able to provide good insight and awareness into issues.’
‘Seb Sayer is one to watch! Technically very able with an assured bedside manner with clients.’
Kingsley Napley LLP's contentious financial services practice brings together experts in criminal litigation, dispute resolution, regulatory issues, public law and employment. With a strength in individual representations, lawyers are regularly instructed in PRA and FCA investigations, and issues related to the senior managers and certification regime. Louise Hodges, a specialist in FCA regulatory investigations, financial crime and complex fraud, jointly leads the team with Jill Lorimer, who is focused on defending individuals facing investigation and prosecution for insider dealing and market abuse. Nicola Finnerty is another expert in financial services investigations, drawing on significant criminal defence experience, as is Jonathan Grimes. Julie Matheson, based in the regulatory department, is another name to note for contentious issues, particularly in relation to financial services-sector partnerships.
Louise Hodges; Jill Lorimer
Other key lawyers:
Nicola Finnerty; Jonathan Grimes; Julie Matheson
‘An exceptional team in every department, providing complementary skills for every eventuality. the financial services offering is particularly strong: from market abuse to pension fraud via international corruption this team is rightly seen in the City of London as the most ‘human’ of the top ten London providers.’
‘Louise Hodges – first choice for City traders and other professionals – she speaks their language and knows their markets inside out. Nicola Finnerty – founding partner of boutique outfit Corker Binning, she has now stepped up to the multi-disciplinary field, where her remarkable drive and innovative thinking have cemented her reputation as an opponent to be admired and feared.’
‘An excellent team doing excellent work.’
‘Jill Lorimer – conscientious, hard working and tactically astute.’
‘The firm has a good mix of people with backgrounds in both criminal and more corporate/commercial type matters and both are highly relevant to this sector.’
‘Particularly good at working with individuals under regulatory investigation.’
‘Great coverage of Financial services from a regulatory and criminal angle.’
‘Jill Lorimer: first rate. Excellent tactician.’
‘Louise Hodges is really fantastic and the go to person for difficult FCA issues, in particular for individuals facing investigation.’
‘Utterly focused on achieving successful outcomes. No nonsense. No time wasting. No billing for the sake of it.’
The team at Latham & Watkins benefits significantly from the firm's global footprint, enabling it to handle contentious financial services matters across multiple jurisdictions and involving US regulators in particular. Clients include banks, asset managers, PE firms, exchanges and funds, as well as a multitude of their senior managers and executives. 'Experienced litigator' Jon Holland co-leads the group with 'hugely energetic and thoughtful lawyer' Andrea Monks, whose practice increasingly involves transatlantic regulatory investigations. The group benefits from the presence of Stuart Alford QC, whose specialisms include economic criminal cases. Associate Nell Perks is increasingly known for her expertise in the UK anti-money laundering regime and the related internal investigations.
Jon Holland; Andrea Monks
Other key lawyers:
‘Jon Holland – a hugely experienced litigator with excellent litigation instincts and a first rate strategist. Andrea Monks – a hugely energetic and thoughtful lawyer who is very client focused and is a delight to work with. Martin Davies – a very highly regarded, high profile litigator with excellent judgment and a very engaging manner.’
- Representing a number of senior individuals (current and former bank employees) following guilty pleas by former traders to commodities fraud and a spoofing conspiracy.
- Representing a former senior executive of a major bank in relation to the numerous international investigations into allegations of money laundering.
- Representing a private equity firm and one of its portfolio companies which is a regulated entity which has been placed on the FCA Watch List. This is a large mandate with multiple workstreams.
Mayer Brown International LLP is most known for its cross-border work for financial institutions, with a focus on representing banks, asset managers, insurance and investment firms in multi-jurisdictional regulatory investigations. The group recently acted for the FCA in an independent external investigation into its handling of the Connaught Income fund prior to its collapse. Jointly taking the lead are Chris Chapman (energetic, bright and the type of lawyer you want by your side on a complex contentious matter') and Alistair Graham, who is able to draw on substantial experience in white-collar criminal defence work and international asset tracing. Senior associate Stephen Moi is praised by clients for being 'very good at client handling and coordinated really tricky issues regarding communication with the FCA and stakeholders.'
Chris Chapman; Alistair Graham
Other key lawyers:
‘Mayer Brown put together a bespoke package to support an 18 month FCA review. They were able to assist in terms of staffing and also technology management. It was a complex review involving thousands of documents and numerous witnesses. Mayer Brown were excellent and always one step ahead in thinking through issues and solutions to problems that might arise.’
‘Stephen Moi is very good at detail, is very thorough and easy to work with. He is very good at client handling and coordinated really tricky issues regarding communication with the FCA and stakeholders and was key to keeping the matter on track.’
‘Chris Chapman is very good at thinking through “big picture” issues and strategy and is a very good person to have in any discussion to provide an alternative point of view.’
‘Chris Chapman is energetic, bright and the type of lawyer you want by your side on a complex contentious matter.’
‘Highly competent and quick to identify key issues. Resolved an issue that had been ongoing for several months, within a matter of weeks.’
‘Chris Chapman stands out for his encyclopaedic knowledge of contentious financial services work, his astonishing work ethic and his calm and good humour under pressure.’
Africa Development Bank
- Engaged by the FCA in relation to an independent external investigation into the FCA’s handling of the Connaught Income Fund prior to its collapse in controversial circumstances.
- Acted as an Independent Integrity Consultant reporting to the AfDB on the Integrity Compliance programme of a substantial Asian corporate
Mishcon de Reya LLP‘s team is most known for representing senior individuals in high-profile regulatory cases initiated by the FCA and PRA; while the group also has an increasing amount of instructions from corporates and financial institutions. The practice runs the gamut of contentious financial services issues, and areas of particular focus include market abuse cases and issues relating to anti-money laundering and cybersecurity. At the helm is Adam Epstein, who ‘allies long experience with great insight‘. Guy Wilkes brings to bear his experience in-house at the FCA in financial criminal and anti-money laundering cases. Managing associate Elizabeth Hope is another name to note, building a solid contentious regulatory and enforcement practice.
Other key lawyers:
Guy Wilkes; Elizabeth Hope
‘Superb team for defence FS work, especially representing individuals (but also corporates) in long term FS investigations.’
‘Adam Epstein, stand out individual, allies long experience with great insight. Really worries about his cases, in a good way!’
‘I was impressed by how quickly they got an overview of the case. They explained to me in a very structured and transparent way how to proceed. The team left me with a very competent impression. The team was very well coordinated and adhered to all important deadlines. They always took me seriously and every objection or suggestion I made was taken up and answered professionally. I always had the impression of being part of the team. In every delicate situation they remained calm and gave me the impression that they had everything under control.’
‘The team had a very professional appearance. You could tell very quickly that this is not the first time they have had such cases. They had a clear structure of how they wanted to proceed. Clear distribution of tasks. The team was able to guide me calmly and precisely through the process. They always had an overview and gave me a very good feeling of being properly represented.’
‘The ability to understand the legal and regulatory side together with the business side.’
‘They are the “go-to” firm for many companies and, in particular, individuals across the financial services spectrum. They regularly appear against regulators and in financial services linked civil litigation.’
‘Adam Epstein is one of the most highly-respected players in the market; Elizabeth Hope is the stand-out associate.’
‘The team has strength across individuals and corporates and have great insight across all aspects of the financial services sector, particularly asset management. They are very collaborative and committed to advancing the interests of their clients.’
‘Adam Epstein is a leading practitioner in relation to advice to individuals under investigation.’
‘The team was faced with a complex set of issues and a significant amount of data to review. This they did efficiently and gained a good understanding of the risks and issues. They advised me how to conduct myself in an interview process and enhanced my confidence. They adapted well to the restrictions of COVID 19.’
Smith and Williamson as administrators of London Capital & Finance Plc
Smith & Williamson as administrators of various Park First Companies
- Act for the administrators in connection with insolvency of a number of Park First Companies. The Park First Group are under investigation by the FCA which has commenced actions against a number of Park First companies and individuals.
- London Capital & Finance Limited is an FCA authorised firm which failed owing £240 million to around 11,000 retail bondholders. There has been significant fraud, and breaches of FCA rules. Defending the FCA & SFO investigations and dealing with government enquiries and providing regulatory advice to the administrators.
Morgan, Lewis & Bockius UK LLP's contentious financial regulatory team is well-integrated into the firm's global offering, allowing it to act in high-profile cross-border investigations, particularly involving US and UK elements. Lawyers regularly handle past business reviews, large-scale customer redress exercises and remediation programmes, alongside proceedings arising from alleged mis-selling, fraud and insider dealing. Melanie Ryan, who leads the dispute resolution and investigations department in London, has a solid client-base of financial institutions, financial service firms and executives, which she represents in the gamut of contentious regulatory issues. Chris Warren-Smith is a veteran of cross-border financial services investigations.
Other key lawyers:
Pinsent Masons LLP
The contentious regulatory team at Pinsent Masons LLP sits within the insurance, regulation and products group. Initially focused on the insurance industry, the practice has expanded to banking regulatory issues. Colin Read is experienced in representing insurance companies in disputes with the FCA and FOS, particularly in relation to consumer protection issues. David Heffron is noted for his expertise in the FCA's enhanced supervision and enforcement powers, representing a variety of banks, building societies and wealth managers. Tom Stocker in Edinburgh, who leads the international white-collar criminal defence group, is often called upon in contentious financial regulatory matters. Promoted to partner in May 2021, Jonathan Cavill is an expert in systemic regulatory risk and has experience in financial services litigation.
Other key lawyers:
David Heffron; Tom Stocker; Tom Stocker; Elizabeth Budd; Neil McInnes; Jonathan Cavill
‘I have found the team at Pinsent Masons to be dedicated, professional and committed – their availability and responsiveness has been excellent.’
‘I have found both Jonathan Cavill and Andrew Barber to be excellent, both on their expertise but as importantly responsiveness and availability to pickup urgent items at short notice. Jonathan particularly has excelled with his thoroughness and pragmatic insights.’
‘High quality and very pro active.’
‘Jonathan Carvill is a first-rate, very clever, unbelievably hardworking, tactically astute, a very good lawyer and an all round excellent team player.’
‘Pinsent Masons are a dominant market force in high value coverage advice and dispute management.’
‘Brilliant ability to manage the contentious with compliance. So rarely can a dispute in financial services be properly managed without an eye on compliance and this team brings both to the table together.’
‘Colin Read – a fantastic depth of experience, particular in insurance matters.’
RPC's practice draws on the expertise of contentious and non-contentious financial services specialists, as well as being able to draw on the firm's other departments including tax. Areas of particular expertise include privilege issues and defined benefit pension transfer disputes, as well as insurance sector cases. The group is co-led by Jonathan Cary, who has experience in enforcement actions by English and Hong Kong regulators, and regulatory investigations expert Parham Kouchikali. Davina Given is noted for her expertise in financial criminal investigations, involving issues such as money laundering, bribery and sanctions. Senior associate Lucy Kerr is building a reputation for defending financial services firms and senior managers in FCA enforcement actions.
Jonathan Cary; Parham Kouchikali
Other key lawyers:
Davina Given; Sam Tate; Lucy Kerr
‘It is an impressive operation, calling on other areas of the firms’ expertise as and when necessary (e.g. contentious tax). A very efficiently run operation (small teams but focused and well managed) and the individuals displayed excellent judgement in some tricky situations.’
‘Jonathan Cary is an impressive individual, with very sound judgement. He was very good at handling what can a very difficult and extremely demanding client, including giving them the advice they need (even if they don’t want it); he manages to tread the line of ensuring the client knows that as their lawyer he is entirely on their side, but also the objectivity to give them unvarnished advice. He is a clear thinker, calm and collected.’
‘Lucy Kerr is a stand-out associate; very clever, produces good drafting and very efficient. Also exhibits the much needed client-handling skills for difficult clients. I expect she will have a very successful career ahead of her.’
‘Collaborative attitude, in depth subject knowledge, concern for the client situation and very reasonable billing.’
‘Knowledgeable and approachable, valued advice.’
‘RPC is renowned for its brilliant client care coupled with sound legal judgment. I would say that the firm is better than most and the equal of any in that sector.’
Frasers Group Plc (formerly Sports Direct International Plc)
- Represented Frasers Group in the Court of Appeal in its successful challenge to the Financial Reporting Council, reinstating limitations on the use of privileged material in its investigations.
At Shearman & Sterling LLP, 'disciplined, dedicated and dynamic' contentious financial services lawyers have experience representing financial institutions, corporates and professional services firms in matters including multi-jurisdictional insolvencies, financial fraud and contentious regulatory issues; drawing on the firm's solid transatlantic foundations and a well-respected non-contentious financial services group in London, under the leadership of Barney Reynolds. Thomas Donegan is a name to note for regulatory investigations and enforcement issues. Promoted to partner in 2021, Jonathan Swil heads the litigation practice, and is often called upon for contentious regulatory matters and cases involving financial fraud.
Other key lawyers:
Thomas Donegan; Jonathan Swil; Matthew Orr
‘Shearman & Sterling deliver high quality results regardless of legal complexity, cultural differences, and budgetary and time limitations. They are a disciplined, dedicated, and dynamic team of professionals committed to providing an intelligent solution, in a timely and effective manner. Partners and supporting staff understand that treating all clients with integrity and respect is critical.’
‘Thomas Donegan has great commercial awareness and understands the impact of issues on both client and Shearman & Sterling. He is strategic in his planning, often combining legal strategy with wider case planning and complementary advice to solve a problem, working with other professionals such as public relations, investigations and insolvency practitioners. His people skills are excellent and he can work alongside an array of people from a variety of backgrounds and knowledge. I trust Thomas to do his utmost for me and as well as being personable, he is persuasive and polite.’
‘Jonathan Swill is extremely professional, polite, astute and supportive.’
Bank of America
Certain bondholders in, and the creditors’ committee of, London Capital & Finance
ICE (Intercontinental Exchange, Inc.)
- Advising certain bondholders and the creditors’ committee of London Capital & Finance plc in relation to their claims for compensation and in the administration of London Capital & Finance plc.
- Representing ICE Benchmark Administration Limited and other subsidiaries (collectively), as defendants in a consolidated antitrust putative class action in the Southern District of New York.
- Providing advice to UniCredit in the context of global enforcement actions and settlement of its sanctions violation proceedings in the United States, including global regulatory reporting requirements in connection with the proceedings.
White & Case LLP‘s contentious financial services regulatory practice is most noted for its work around market conduct issues, particularly in relation to senior executives and financial institutions.
Other key lawyers:
‘Seem often to punch above their weight.’
- Instructed to assist UK Finance with a review of the current arrangements for alternative dispute resolution in relation to customer claims. The analysis will form part of UK Finance’s response to HM Treasury’s consultation on the financial service future regulatory framework.
WilmerHale's 'tactically astute' team is most noted for securities litigation, and specialising in FCA-related enforcement actions, as well as experience representing senior executives facing regulatory exposure. The group is able to work in tandem with the firm's US offering, enabling it to act in transatlantic regulatory investigations. The team is led by Stephen Pollard and includes counsel David Rundle, whom clients note is 'extremely effective, smart and client focussed'.
Other key lawyers:
‘Leading contentious regulatory and white collar team with fantastic strength in depth, very collaborative, great knowledge of the regulators and SFO, tactically astute and very good to work with. We regularly recommend the Wilmer team to clients when we are unable to act.‘
‘Deep experience in respect of regulatory investigations and white collar crime.’
‘David Rundle is extremely effective, smart and client focussed. He has a good knowledge of the law and some real street smarts. He is also extremely nice to deal with.’
‘David Rundle is hugely experienced on FCA regulatory matters and especially strong on criminal-civil twin track cases. Thoughtful and punchy.’
At Withers LLP, lawyers specialise in acting for senior executive and non-executive clients across the regulated financial sector, in cases and investigations initiated by the FCA and PRA. The group has particular expertise in issues arising from the senior managers and certification regime. Harvey Knight takes the lead, and is a veteran of FCA and PRA enforcement cases involving individuals. Carl Newman, who leads the white-collar criminal defence group, is often called upon in contentious regulatory matters.
Harvey Knight; Carl Newman
‘Harvey Knight: standout in this area. An obvious choice for individuals and senior managers. Has outstanding experience in acting in contentious FS matters.’
‘Extremely motivated to help the client succeed. Highly responsive and very thorough.’
‘Harvey Knight -detailed knowledge and recall of even small aspects of the case/work. Extremely responsive even when required on evenings and weekends. Thorough in his analysis and a strong negotiator.‘
The contentious financial regulatory practice at Baker McKenzie works closely with the broader financial services group, and the dispute resolution and compliance and investigations teams to provide a well-rounded service in relation to regulatory investigations and enforcement. The group also works alongside colleagues in the firm's international offices, and cross-border investigations comprise a large part of the team's work. An area of particular expertise is where financial services regulations cross over with employment law, and lawyers are often instructed in disciplinary cases. Jonathan Peddie and Mark Simpson head the group, which includes Philip Annett, an expert in enforcement matters. Senior associate Mary Jordan is becoming increasingly noted for her work in relation to regulatory investigations and banking compliance.
Jonathan Peddie; Mark Simpson
Other key lawyers:
Philip Annett; Mary Jordan
‘Strong breadth and depth of expert knowledge, allied to a pragmatic client focused approach.’
‘Jonathan Peddie’s approach is excellent. He has vast experience and brings this to bear in an very effective and understated way. He always remain calm and instils confidence for his clients. Philip Annett is able and responsive. He is technically gifted and his deep experience and pragmatic approach means he is able to deliver for clients in an effective manner.’
‘Their advice is commercial, user friendly and always on point.’
‘Philip Annett is a real stand out. His depth of knowledge about the regulatory environment is impressive and he’s lived FCA experience is extremely useful as a practical tool to navigate tricky regulatory interactions.’
‘Baker McKenzie has a strong financial services team, with wide ranging experience dealing with civil, criminal and dual track investigations and actions. As a matter of quality, the team can stand shoulder to shoulder with any other firm offering similar services.’
‘Philip Annett is a first rate financial services lawyer, with a great depth of experience. He has worked previously for the FCA and has an evidently detailed and thorough understanding of the regulatory landscape. He is sought after with good reason to represent CEOs and CFOs, particularly in the Banking sector, who may be being investigated by the FCA or PRA, including in high profile matters.’
‘Super responsive, creative thinkers, innovative and cost conscious solutions.’
‘Broad skills base both on contentious and non-contentious issues.’
‘Very good about keeping in touch, forwarding relevant information, responding to random ad hoc queries, arranging talks with industry regulators.’
Litigation boutique Bivonas Law LLP brings together lawyers specialising in regulatory, civil, criminal and commercial litigation, predominantly catering to individual representations, but also taking instructions from financial institutions. The department is led by Cindy Dorrington and includes Antony Brown, a veteran of the space with significant experience in high-profile criminal cases, as well as major investigations. John Bechelet is a seasoned fraud litigator.
Other key lawyers:
Antony Brown; John Bechelet; Roland Ellis
‘Bivonas is an excellent firm. Superb.’
- Representing an individual being investigated by the SFO and the FCA for fraud and mis-selling minibonds to the value of circa £250m to retail investors.
- Representing an individual in the FCA’s investigation into banks, brokers and pensions funds involved in cum-ex trading, where European countries have lost billions in tax reclaims.
- Representing a defendant in one of the few insider dealing cases being prosecuted by the FCA.
Corker Binning is rated for its representation of individuals in FCA and internal investigations, as well as cases initiated by the SFO and the US regulators. The department is led by 'star performer' Claire Cross, who is a former FCA senior lawyer with significant expertise in financial services investigations and cross-border cases. Founding partners Peter Binning and David Corker also play an important role in the practice. Jessica Parker's practice covers financial criminal matters and regulatory litigation.
Other key lawyers:
Peter Binning; David Corker; Jessica Parker
‘Fantastic profile. Team is well-known as one of very top names for white-collar criminal defence and a real go-to firm.’
‘Claire Cross is fantastic for all white-collar cases and particular for FCA criminal / regulatory defence work. As a former lawyer with the FCA Criminal Prosecutions Team, she knows the regulator inside out. She is a star performer. Well recommended.’
‘The team has a breadth and depth of experience across the white collar crime and regulatory sphere that makes them a stand-out firm. For clients experiencing investigations or proceedings, they offer clear and cogent advice taking in the complexity of the issues faced.’
‘Jessica Parker is a formidable advocate for her clients. She is a rigorous and strategic thinker who achieves excellent results for her clients. Claire Cross is a talented lawyer who brings wit and energy to the cases she works on. Peter Binning is a shrewd analyst who puts forward persuasive arguments for his clients. David Corker always thinks outside the box, scrutinising problems from multiple angles to find novel solutions to issues.’
‘Peter Binning and Claire Cross have unparalleled FCA experience. Particularly strong on FCA cases with a criminal element. Clever and creative. The best boutique by a long stretch.’
‘The team has a broad and extensive range of experience across a variety of contentious regulatory matters, including FCA Enforcement investigations.’
‘Claire Cross has a wealth of experience, including in her previous role within FCA Enforcement, and is great at getting to the key issues. She is approachable and gets on well with clients.’
The Dentons financial regulatory disputes team sits within the financial markets disputes group, with a strong client-base of UK banks. The group is known for cross-border matters, as well as acting for foreign-owned banks operating in the UK facing cross-border regulatory and compliance issues. Lawyers are also regularly instructed to defend claims against the FCA and the financial services compensation scheme (FSCS). Celyn Armstrong leads the team, which includes financial crime and conduct expert Daren Allen and Richard Caird, focuses on the work for regulators, as well as specialising in internal investigations. Katharine Harle has a growing reputation in FCA enforcement proceedings, as well as leading on much of the FCA panel work.
Other key lawyers:
Daren Allen; Richard Caird; Katharine Harle; Craig Neilson; Natalia Fludra; Chris Brennan
‘We have found the level of support to be second to none. The team takes a pragmatic approach, tailored to our business. They have consistently shown themselves to be flexible, to find appropriate solutions and been very quick to revert on complex matters at very short notice.’
‘Craig Neilson consistently demonstrates a strong knowledge of our industry and is able to apply it to find pragmatic solutions. He is very easy to deal with and always reliable.’
‘Dentons have a substantial international presence and are regularly instructed in high-value commercial cases with cross-border implications. They act for both governmental authorities and private clients and have built a team with impressive expertise and diverse professional “back-stories”.’
‘Celyn Armstrong, who has acted as a senior regulator and at a number of high-profile financial services firms, is a disciplined and authoritative presence in any financial services case whilst recently-made partner Katharine Harle provides energy and expertise to all her cases.’
‘Dentons has a first rate team of specialists in financial services disputes, capable of dealing with the most challenging matters around. They punch well above their weight.’
‘Chris Brennan is one of the best informed regulatory advisers in the City of London. He maintains an excellent awareness of the changing regulatory landscape and has the practical experience necessary to work on matters swiftly.’
‘Our clients have used Chris Brennan on a number of occasions primarily because he has expert knowledge on FCA rules and regulations and practical experience of working at FCA. We have found Chris Brennan to have a superior knowledge and understanding of regulations when compared to other regulatory lawyers at other firms (including the Magic Circle firms).’
‘The stand out partner is Chris Brennan. He is expert in FCA regulations. He adopts a practical approach to dealing with matters and is respected by FCA senior management. When our clients have a serious regulatory issue/problem, Chris Brennan is the lawyer that we would recommend.’
Financial Conduct Authority (FCA)
Financial Services Compensation Scheme Limited (FSCS)
UK Government – Finance and Complex Legal Services Panel
- Successfully defending a high-profile, high-value misfeasance claim against the FCA and enforcing the non-party costs order made against former Keydata CEO, Stewart Ford. The proceedings relate to the FCA’s imposition of the highest ever fine against an individual of £76 million.
- Acting for FSCS in relation to judicial review arising out of the high profile collapse of mini-bond provider London Capital & Finance (LCF).
- Advising FSCS in relation to the collapse of CBL Insurance Europe DAC, an insurance company based in the Republic of Ireland which is now in liquidation.
Osborne Clarke LLP's financial services contentious regulatory group sits in the firm's commercial disputes department, acting for financial institutions, alternative lenders and fintech providers in a wide range of cases. Recent cases include defending claims arising from allegations of mis-selling of financial products. In 2021, the group was appointed by the Business Banking Resolution Service to represent SMEs in relation to the creation of the SME dispute resolution service. Rachel Couter takes the lead, with significant experience in FCA investigations. Tom Ellis is a specialist in cases of fraud in relation to financial services regulation. Charles Crowne focuses on disputes arising from the financial products and investment advice spaces.
Other key lawyers:
Tom Ellis; Charles Crowne; Nick Price; Tom Frapwell
‘They are very available and present to our needs, and have provided very good advice on insolvency that has kept us safe.’
‘Quality work, availability and leadership in sorting out complex problems.’
HSBC plc / Financial Conduct Authority
Gain Credit LLC
Wirecard Card Solutions Limited
Business Banking Resolution Service
- Acting as s166 Skilled Person in HSBC’s customer redress review relating to the mis-selling of interest rate hedging products.
- Providing legal advice to SME Representatives (a key group of stakeholders) on the design and establishment of the Business Banking Resolution Service, the new SME dispute resolution service created following the recommendation of the Walker Review.
- Advising Wirecard Card Solutions Limited in the civil and regulatory consequences, following the discovery of a €3 billion accounting fraud by its parent company.
Reed Smith LLP
Reed Smith LLP's lawyers represent major financial institutions in regulatory investigations and FCA enforcement proceedings, as well as litigation arising from PPI mis-selling and FX-related disputes. Douglas Cherry is known for leading on financial services and markets investigations, as well as his involvement in skilled-persons' reports. Eleanor Chapman is another lawyer to note with an increasing reputation in the contentious regulatory space. Jointly heading the team are Robert Falkner and Charles Hewetson.
Robert Falkner; Charles Hewetson
Other key lawyers:
Douglas Cherry; Eleanor Chapman; Laura-May Scott
Taylor Wessing LLP's practitioners are most known for their expertise in the cross-over between equity capital markets, financial and data protection regulations, regularly representing financial services companies before the ICO and FCA. Key figures in the practice group are head of the disputes and investigations practice Andrew Howell, who has a niche in litigation and regulatory investigations involving accountancy firms; and Laurence Lieberman, whose focus is contentious matters involving the private banking and wealth management space. Leading the financial services and competition team, Charlotte Hill is often brought in on contentious work.
Andrew Howell; Charlotte Hill; Laurence Lieberman
Other key lawyers:
Julian Randall; David McCluskey; Stuart Broom
- Acting for an individual in his role as the Independent Reviewer of a redress scheme set up by Lloyds Banking Group in relation to SME customers impacted by the criminal fraud that took place in the Impaired Assets Office of the Reading branch of Halifax Bank of Scotland (“HBoS”) (which Lloyds acquired in 2008).
- Acted for Deloitte (and two of its engagement partners) in relation to FRC proceedings into audits of Autonomy Corporation plc (a former FTSE 100 company) and in relation to related litigation taking place between Hewlett Packard and former Autonomy management.
- Advising a former equities desk head on an FCA investigation into his conduct. He is alleged to have acted without integrity in relation to trading in Danish equities by the traders on his desk and the related submission of dividend tax reclaims to obtain tax rebates for non-Danish customers (particularly US pensions funds) on whose behalf the firm acted as custodian or clearer.
At TLT, the contentious financial regulatory team advises and represents retail banks, building societies and consumer finance companies on their interactions with the regulators and in defending regulatory enforcement actions. Angela Hayes is noted for her experience in leading internal investigations for banking clients following whistleblowing allegations, as well as representing hedge funds and asset managers in regulatory investigations. Russell Kelsall, whose expertise spans contentious and non-contentious financial services work, has built a practice that involves defending regulatory sensitive claims brought by the recipients of finance. Based in Bristol, Jonathan Hoey leads the team.
Other key lawyers:
Angela Hayes; Russell Kelsall; James Chadwick; Richard Hayllar; Warren Clark
‘The personal attention and immediate response time from various members of the firm have proven to be unique.’
‘Angela Hayes is a standout in every sense. She has repeatedly provided instant yet thoughtful turnaround and solutions.’
‘We work very closely with Russell Kelsall and his team. Russell really knows and understands our business and legal challenges that we face. Russell and his team have advised us on a range of business as usual matters to new product/project launches as well as specific contentious and regulatory issues.’
‘We work with Angela Hayes at TLT. She is a very knowledgeable, pragmatic and responsive lawyer who is our go-to FCA regulatory lawyer. We have worked with Angela on market abuse, sanctions, SMCR and regulatory permissions issues. ‘
Cooke, Young & Keidan LLP, a commercial and financial disputes boutique, is known for handling contentious financial regulatory work, acting for corporates and regulated firms in FCA investigations and disputes, as well as advising on supervisory and enforcement issues. Key contacts are Stephen Elam, an expert in financial products, and Sinead O’Callaghan, whose clients include funds and high-net-worth individuals. In March 2020, founding partner Marc Keidan left to start Keidan Harrison.
Other key lawyers:
Stephen Elam; Sinead O’Callaghan
‘Extremely careful and considered litigators. Very aware of the workings of financial markets.’
‘Steve Elam is the top choice for litigation involving exchanges or trading.’
‘CYK Law are a small firm which punches well above their weight. This is down to their ability to source litigation funders to support cases, and draw on a pool of good subject matter experts.’
‘An excellent and client focused team. Clients can be assured of day to day contact with the senior members of the team. A forward thinking approach to costing for clients.‘
‘Stephen Elam has excellent management skills, especially in large scale litigation.’
‘The team at the firm are excellent – efficient, pro-active and intelligent – and a pleasure to work with.’
‘Stephen Elam has the ability to explain the most complex concepts clearly so that rational decisions can be made. He is always available to discuss issues and he is a great strategist.’
‘Sinead O’Callaghan is good. Knows her stuff, commercial, personable.’
iFinex Inc (Bitfinex)
The ECU Group Plc
Reliantco Investments Limited
Grove Park Properties Ltd
Oliver Morley, t/a Morley Estates
Daniel and Toby Ward
Cheyne Capital International Limted
Mary Ward House Limited and Timothy Murphy
- Defending Bitfinez in commercial court proceedings brought by a cyber insurer seeking to recover bitcoin ransom payments.
- Acting for ECU in relation to high-profile claims against several banks relating to alleged misconduct involving the misuse of confidential information about ECU’s FX orders, including trading to deliberately trigger ECU’s stop-loss FX orders and the improper sharing of confidential information.
- Acting for ThinkMarkets group companies in Commercial Court proceedings brought by IS Prime Limited (part of the ISAM Capital Markets group). The proceedings relate to the basis upon which IS Prime provided matched principal brokerage services to ThinkMarkets on exclusive terms.
Gowling WLG's team has experience handling the spectrum of contentious regulatory matters, with a specialism in issues arising from LIBOR and FX. The group is also known for its work involving FCA and PRA authorisations, supervision and enforcement. James Sidwell, a litigation expert, leads the team, which includes fraud and asset-tracing specialist Andrew Witts.
Other key lawyers:
Andrew Witts; Ian Mason; Catherine Naylor; Verity Barker ; Sushil Kuner ; Sean Adam
‘Ian Mason is a standout star of the London financial services scene and a tremendous asset to Gowlings’ friendly and able team.’
‘Ian Mason is technically excellent with an eye for detail. Having worked at the regulator he has a great sense of strategy and tactics. A pleasure to work with.’
‘The team carried out its essential role with a high degree of skill. Their preparation for carrying out interviews was meticulous and they took great care to ensure that the witness statements were clear and accurate. Their management of large volumes of documentary material was exceptionally efficient. They liaised effectively and appropriately with the regulator, counsel and witnesses. Overall, their performance was first class.’
‘James Sidwell is calm, level-headed and highly experienced in commercial and regulatory matters. Verity Barker (legal director) has an excellent eye for detail and is hard-working, careful and thorough.‘
‘Gowling is a very well-oiled machine. They know what they do and they do it well. They have an unusually strong crop of associates at the moment.‘
‘James Sidwell is very strong indeed – calm in a crisis, bags of talent. Verity Barker is a great person to have on your side – extremely clever and with real attention to detail.‘
Grant Thornton LLP
- Instructed to advise certain individuals at Grant Thornton LLP, the newly-appointed liquidators of Stanford Bank. Continuing to advise on all matters concerning Stanford Bank’s UK assets (with an approximate value of US$110 million), which has included seeking the release of a restraint order obtained in 2009 by the Serious Fraud Office on behalf of the US Department of Justice.
Hickman & Rose is most noted for representing individuals in financial criminal investigations initiated by the FCA. The team has particular recent experience in cases involving allegations of FX fraud. Andrew Katzen leads the contentious regulatory group, often representing individuals facing allegations of financial misconduct, and in matters involving professional discipline. Co-founding partner Ben Rose is another name to note.
Other key lawyers:
Ben Rose; Ross Dixon; Claire Wallace
‘Really good white-collar crime team – super knowledge of criminal and regulatory matters.’
‘Ross Dixon – great with clients and a super tactician. He’s had some excellent results for clients.’
- Act for the former VP (Finance) of Autonomy, a FTSE 100 company acquired by Hewlett Packard for $11billion in 2011.In November 2012 HP announced an $8.8billion write down on the purchase, accusing the senior executives at Autonomy of a major revenue recognition fraud.
King & Spalding LLP's special matters and government investigations team handles contentious financial services matters for a variety of global banks and their employees. The team draws heavily on the firm's network in the US to provide solid advice in cross-border representations. Jointly taking the lead are Aaron Stephens and former head of enforcement at the Bank of England Robert Dedman. Senior associate Joanna Harris is also recommended for investigations work.
Aaron Stephens; Robert Dedman
Other key lawyers:
‘Aaron Stephens is a big name in the market with particularly good connections on the US/UK overlap cases. Brings huge energy to all he does.’
- Advising and representing Deutsche Bank in the context of various class and direct-action litigation matters that are proceeding in the Southern District of New York (“SDNY”), the UK High Court (Commercial Court), Canada and Israel.
- Representing a senior banker in the context of an ongoing DOJ and FCA investigation into alleged “spoofing” and related market manipulation.
Milbank's contentious financial services experts sit within the firm's litigation and arbitration department, under the leadership of 'expert tactician' Julian Stait; assisting individuals and institutions with a range of regulatory investigations and financial criminal matters. The group is known for its 'strong collaboration between the UK and US offices', enabling it to handle transatlantic investigations seamlessly. 'Superb' Charles Evans is a veteran of the space, supported ably by William Charles, who was promoted to partner in January 2020.
Other key lawyers:
Charles Evans; William Charles
‘Incredibly hard working with a very keen eye to detail.’
‘Regulatory investigations: very strong on detail, process and strategy. Excellent communication skills and guiding clients through the process. Thorough approachable. Highly credible with the authorities. Well able to work with other firms. Has a good international network of expert counsel too.’
‘Julian Stait – expert tactician; Will Charles – great client care.’
‘Great contentious regulatory team with fantastic strength in depth, very collaborative, great knowledge of the regulators, tactically astute and very good to work with. We regularly recommend the Milbank team to clients when we are unable to act.’
‘Charles Evans is one of the leading lawyers in the contentious financial services space and is regularly someone we recommend to clients when we are not able to act. He has a first class intellect, fantastic knowledge of financial products, understands how regulators think and is able to anticipate their next move, fights his client’s corner hard but intelligently – getting fantastic results but doing so through compelling argument and persuasion, very good to deal with and a team player.’
‘Strong collaboration between their UK and US offices, and expertise.’
‘Charles Evans is a superb lawyer, calm and with a strong expertise and reputation.’
‘Centred around Charles Evans, the practice is able to take on a broad spread of contentious regulatory matters.’
Paul Hastings LLP
At Paul Hastings LLP, lawyers are instructed on the spectrum of contentious financial services issues, drawing on significant expertise in regulatory investigations by UK and foreign authorities. Arun Srivastava heads the team; seasoned in FCA enforcement cases, insolvency matters and group litigation. The group expanded in February 2021, with the addition from White & Case LLP of Jonathan Pickworth and Joanna Dimmock to the investigations and white collar criminal defence department, bringing with them experience in criminal financial services-related cases.
Other key lawyers:
Jonathan Pickworth; Joanna Dimmock; Nina Moffatt
CashEuroNet / QuickQuid
- Representing Park First Limited and a number of other Defendants in proceedings brought by the Financial Conduct Authority relating to contraventions of the Financial Services and Markets Act 2000 (FSMA).
- Acting for CashEuroNet and its parent company, Enova, in connection with the payday lending activities engaged in by CashEuroNet under the trading name of QuickQuid.
- Representing Richard Usher in the continuation of the global investigation into the alleged rigging of the global foreign exchange market.
At Peters & Peters Solicitors LLP, lawyers have experience in internal and regulator-led investigations into alleged regulatory and criminal misconduct, as well as representing a number of individuals in criminal proceedings initiated by the FCA. Hannah Laming is the name to note for high-profile criminal and regulatory matters, with experience in insider dealing and market abuse cases. Practice head Neil Swift is another expert in financial criminal matters.
Other key lawyers:
Hannah Laming; Neil Swift; Rachel Cook
‘Peters & Peters continue to be the pre-eminent white collar crime law firm in London. The way they deal with you as a client is unique. They go into as much detail as you need to understand the complexity and challenges you face, but at the same time they explain things you don’t understand in simple terms. Without making you look foolish.’
‘They have a diverse team who have very clear roles – this makes them very easy to deal with.’
‘Brilliant white collar crime teams for cases on the cusp between criminal and civil fraud/regulatory. They are second to none in this space.’
‘I felt they understood me, my business, the law and the regulatory situation for my business.’
‘Neil Swift is calm, cerebral and highly effective. A brilliant corporate crime lawyer.’
‘Rachel Cook is an extremely talented prospect. Sensible and straight talking, she has a tremendously reassuring style. She is quick to the point and leaves no stone unturned. A huge asset on the team and set to be a significant player in due course.’
‘Neil Swift is terrific. I have worked with him on a number of complex cases and he is exceptionally knowledgeable and wise; he is very skilled in dealing with client and prosecutors; his client service and availability is excellent. He is a pleasure to work with.’
‘Hannah Laming was outstanding, her knowledge was exceptional. In addition, her manner and the way she would explain the detail and next steps were exceptional.’
- Act for a trader on his own account who was prosecuted for insider dealing by the FCA, the first such prosecution in several years.
At Squire Patton Boggs, contentious financial services regulatory work is split between the financial services and litigation teams. Areas of expertise include representing asset management companies in FCA regulatory investigations, skilled person reviews (an area of specialism for Chris Webber) and supervisory interventions. The group also makes use of the firm's international presence, assisting clients with matters arising from the US sanctions regime. Based in Leeds, Paul Anderson leads the broader financial services practice, while Manchester's Anthony Taylor, an expert in disputes involving banks and building societies, heads the litigation team.
Paul Anderson; Anthony Taylor
Other key lawyers:
Chris Webber; Gareth Timms
‘Excellent team: good sector understanding and in-depth experience in the area.’
‘Chris Webber: excellent understanding of FCA matters and the legal framework around contentious FS matters. Approachable and user friendly. First-rate.’
‘Very dedicated, great understanding of the client, complementary service areas and technically strong.’
‘Real ‘get to know’ approach to clients and understanding of our business. Always willing to go the extra mile and they combine that with a really solid knowledge of our business and industry.’
‘They are able to deploy a wide range of expertise in complex and diverse areas that we need. They have specific expertise in FCA and PRA Regulation.’
Manchester Building Society
Brooks Macdonald plc
Independent Wealth Planners UK Ltd
Gallium Fund Solutions Limited
Robin Forster (owner of the Qualia Care group of companies)
- Representing Gallium Fund Solutions in relation to the collapse of mini-bond issuer Basset & Gold plc.
- Representing Qualia Care group owner Robin Forster in High Court proceedings brought by the FCA alleging that two Qualia companies have been operating unauthorised collective investment schemes.