Richard Coleman KC > Fountain Court Chambers > London, England > Lawyer Profile

Fountain Court Chambers
FOUNTAIN COURT, TEMPLE
LONDON
EC4Y 9DH
England

Position

Richard Coleman QC’s practice spans commercial dispute resolution, banking, financial services, administrative and public law and professional discipline. He has been instructed in some of the most significant disputes in these areas, such as the FCA’s test case concerning COVID-19 related insurance business interruption insurance claims; the Ingenious litigation concerning advice and lending provided by banks in relation to film schemes promoted to investors on the basis that they would have tax advantages; the disciplinary proceedings brought by the SRA against Baker McKenzie and others in respect of the handling of a complaint; the Bank Charges litigation concerning whether charges levied on current account customers whose account goes overdrawn may be assessed for fairness under the Unfair Terms in Consumer Contracts Regulations; the PPI judicial review concerning the guidance issued by the Financial Services Authority in respect of the misselling of Payment Protection Insurance; the Financial Conduct Authority’s investigation into LIBOR manipulation; and the misselling of interest rate hedging products.  He frequently advises on the FCA’s duties and powers and on solicitors’ obligations under the Code of Conduct.

Career

Practised at the English Bar since 1994; Queen’s Counsel 2012; Attorney General’s A Panel 2007-12; member of the New York Bar since 1995.

Publications:

Contributor to Law of Bank Payments (Brindle and Cox, 5th ed.)

Languages

French (working knowledge).

Education

Auckland Grammar School; Cambridge University (MA; Double First Class Hons in the law tripos); Yale University (LLM); Inns of Court Studentship; Hardwicke and Mansfield Scholarships (Lincoln’s Inn); Pegasus Scholarship.

Leisure

Family, books, theatre, travel, rugby.

Lawyer Rankings

London Bar > Commercial litigation

(Leading Silks)Ranked: Tier 4

Richard Coleman KCFountain Court ChambersA real team player who appreciates the wider commercial issues for the client.

London Bar > Banking and finance (including consumer credit)

(Leading Silks)Ranked: Tier 1

Richard Coleman KCFountain Court ChambersAn extremely strong barrister particularly on the claimant side of complex banking cases. The one you need for trial in a difficult banking case. He is courageous but also measured.

Fountain Court Chambers is ‘one of the leading sets for banking related disputes‘ with ‘genuine quality and strength in depth across the board‘. With some exceptions, the majority of the set’s members typically act on the bank side, and several, such as Richard Lissack KC have strong overlaps into the criminal and fraud side. Several members have been involved in The Ingenious Litigation concerning banks’ duties with regards to concerning tax avoidance schemes, with Richard Coleman KC representing Coutts and Richard Handyside KC and James Duffy advising UBS. Another major mandate taking up much of Andrew Mitchell KC‘s time is Loreley 30 v Credit Suisse in which he and Adam Sher are acting for five Credit Suisse entity defendants.

London Bar > Financial services regulation

(Leading Silks)Ranked: Tier 1

Richard Coleman KCFountain Court ChambersA silk with gravitas.

London Bar > Professional negligence

(Leading Silks)Ranked: Tier 4

Richard Coleman KCFountain Court ChambersRichard is a calm and unflappable barrister, who can distill a case to its core issues. He handles his client’s case with deadly but always good humoured effectiveness.

Fountain Court Chambers is ‘a very strong set‘, and houses a ‘fantastic‘ team noted for its expertise in handling financial-related professional negligence claims brought against asset managers, accountants, auditors and insurance brokers, among other professionals. Richard Coleman KC, Niamh Cleary and James Duffy continue to act on either side of the high-profile Ingenious litigation, regarding allegedly negligent financial advice on investing in a film finance scheme. Claims against solicitors and barristers are another area of instruction for the group; for example, Anneliese Day KC and Christopher Knowles are acting for over a hundred investors in a claim against a tax QC for alleged negligent tax advice.

London Bar > Professional disciplinary and regulatory law

(Leading Silks)Ranked: Tier 2

Richard Coleman KCFountain Court ChambersUnflappable and cerebral, he oozes confidence when dealing with clients.’