Richard Coleman QC > Fountain Court Chambers > London, England > Lawyer Profile
Fountain Court Chambers Offices
FOUNTAIN COURT, TEMPLE
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Richard Coleman QC
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.
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.
Contributor to Law of Bank Payments (Brindle and Cox, 5th ed.)
French (working knowledge).
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.
Family, books, theatre, travel, rugby.
Lawyer Rankings(Leading Silks) Ranked: Tier 2
‘A very strong set with a range of barristers with high ability‘, Fountain Court Chambers deploys an ‘abundance of talent and depth‘ in various matters concerning white-collar regulators, with particular involvement in high-profile solicitors and auditors regulation cases. Mark Simpson QC continues to advise the Financial Reporting Council on its investigation into Grant Thornton’s 2016 audit of Sports Direct, and Nicholas Medcroft QC is advising the same regulator on its investigations into the demise of contractor Carillion. Several members represented parties acquitted by the Solicitors Disciplinary Tribunal (SDT) in the Gary Senior case: Patricia Robertson QC and 2020 silk appointment Chloe Carpenter QC represented Baker McKenzie, while Richard Coleman QC represented a partner who was involved in the internal investigation. Another 2020 silk appointment, Edward Levey QC represented the regulator in SRA v Siaw, in which the Administrative Court reversed the tribunal’s findings, holding that the respondent had acted dishonesty and struck him off.
Fountain Court Chambers is ‘a leading professional negligence set‘, with ‘particularly impressive silks‘ and ‘heavyweight juniors‘. The ‘high-calibre‘ members are experienced in claims against a broad range of professionals, including barristers and solicitors, financial services professionals, fund managers, and accountants and tax advisers. In recent highlights, Anneliese Day QC, Mark Simpson QC and Natasha Bennett are acting on either side of Axiom Funds v Mayer Brown, a solicitors’ negligence case relating to the collapse of a legal financing fund, and Richard Coleman QC is representing three major banks in the high-profile Ingenious litigation brought by investors in a film finance scheme.
Fountain Court Chambers is ‘quite simply one of the best chambers in London with the bench strength and quality to handle the largest and most complex cases‘. The set has a ‘good range of silks and senior juniors in the financial services field‘, several of which, including Richard Coleman QC and Andrew Mitchell QC offer strong non-contentious advisory support. On the contentious side, members have been involved in proceedings arising out of Barclays Bank’s Qatar capital raising, with Richard Lissack QC and Eleanor Davison among those representing Barclays. Lissack, Tamara Oppenheimer QC, Bankim Thanki QC and Rebecca Loveridge were also on ENRC’s team in Director of the Serious Fraud Office v ENRC.