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Hogan Lovells International LLP

Living Wage
ATLANTIC HOUSE, HOLBORN VIADUCT, LONDON, EC1A 2FG, ENGLAND
Tel:
Work 020 7296 2000
Fax:
Fax 020 7296 2001
DX:
57 LONDON CHANCERY LANE WC2
Email:
Web:
www.hoganlovells.com

Philip Parish

Tel:
Work +44 20 7296 2000
Email:
Web:
www.hoganlovells.com/en/philip-parish
Hogan Lovells US LLP

Work Department

Litigation

Position

As a dispute resolution lawyer, Philip Parish focuses in securities, investment banking and fund disputes and contentious regulatory matters. Philip has experience in all aspects of financial markets litigation. Philip regularly acts for investment banks, fund managers and other financial institutions in contentious matters. His experience covers all aspects of contentious regulatory matters such as internal investigations, representing financial institutions and their employees who are under investigation by regulators, and representing them in enforcement and disciplinary proceedings brought by the FCA, other regulatory, disciplinary and criminal authorities both in the UK and overseas.


London: Corporate and commercial

Financial services

Within: Leading individuals

Philip Parish - Hogan Lovells International LLP

Within: Financial services

Benefiting from 'real strength-in-depth' on the contentious side out of London, and from other key international financial centres including New York, Hong Kong and Paris, Hogan Lovells International LLP provides a 'top-notch' service to large global financial services entities on purely domestic, as well as multi-jurisdictional regulatory investigations and follow-on private litigation. 'Very experienced and sensible' team head Philip Parish has led on many of these multi-jurisdictional matters, including representing a large bank in relation to an investigation by UK and US regulators regarding alleged FX market manipulation. The 'very talented' Louise Lamb 'has excellent litigation instincts', both from a regulatory enforcement perspective and in relation to related civil and criminal litigation. Lamb's broad-ranging expertise includes sanctions work. Elaine Penrose also has strong credibility in the market having handled a wide range of internal and regulator-led investigations, from domestic market abuse and retail mis-selling to global benchmark manipulation cases. The arrival in January 2017 of Claire Lipworth from the FCA (where she served as chief criminal counsel) adds weight to the firm's criminal capability and underscores its acknowledgement and commitment to handling work at the intersection of criminal and civil liability. On the non-contentious front, team head Rachel Kent has an excellent reputation in the market and is picking up plaudits for her work in relation to Brexit-related advice where her work has included chairing the International Regulatory Strategy Group (IRSG) on its Brexit proposals and engagements. Kent is also noted for her work at the vanguard of developments in the fintech sector and continues to work alongside government backed organisation Innovate Finance on the Regulatory Accelerator tool for fintech companies designed to assist them understand and navigate their way through the FCA’s regulatory regime. Michael Thomas  is also recommended and regularly advises financial services entities on ensuring that systems and controls are in place to comply with regulation in the industry. Thomas is also noted for his market infrastructure expertise and continues to advise the Astana International Financial Centre (AIFC) on the development of its legal and regulatory framework.

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London: Dispute resolution

Banking litigation: investment and retail

Within: Leading individuals

Philip Parish - Hogan Lovells International LLP

Within: Banking litigation: investment and retail

'A solid choice for any kind of banking litigation', Hogan Lovells International LLP 'has an excellent track record with impressive litigators'. The practice regularly acts for the biggest, most active global banks and financial institutions in cases involving benchmark manipulation, distressed assets, mis-selling, consumer finance, aviation finance, and complex structured products; and the team was recently particularly active in the Financial List, the specialist list set up by the Commercial Court to address the unique needs of parties litigating the most important financial matters. 'A strong all-rounder who gives sensible, commercial advice', Louise Lamb has handled disputes and investigations across the retail banking, wealth management, trade finance and investment banking sectors; Lamb is 'a first-rate lawyer with excellent client-handling skills and who is difficult to fault'. Philip Parish, who is 'a measured, thoughtful and calm practitioner who adopts a collegiate approach to his work', has particular experience in disputes involving derivatives and complex financial products, including mis-selling and mismanagement claims. In a case that provided clarity on the extent of a bank’s duties to customers and the information that banks are required to disclose in connection with interest rate hedging transactions, Parish successfully led advice to Bank of Scotland on allegations of breach of contract, misrepresentation and the suitability of a swap. Whiston Bristow’s practice focuses on mis-selling and misrepresentation claims, large portfolio claims against banks, and aviation and trade finance disputes; Bristow is 'a very thorough litigator with an eye on the bigger picture'. Other highly rated practitioners include John Tillman, who has particular expertise in litigating distressed and default situations; and Claire Lipworth , who in 2017 joined from the Financial Conduct Authority (FCA), where she was chief criminal counsel. Jon Holland and Andrea Monks left for Latham & Watkins in 2018.

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