Intellectual Property
United Kingdom
10 September 2025
Shoosmiths LLP is particularly active advising foreign banks, with a retail function, and wealth management firms on risk management strategies associated with the FCA’s new Consumer Duty rules. ‘Outstanding’ team head Daren Allen has been taking the lead on this work and also has experience representing clients in investigations, regulatory enforcement proceedings and litigation. Andrew Bowden-Brown is also a key part of the team and regularly assists asset-based lenders to bring claims for fraud perpetrated against them by customers.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'Daren Allen is outstanding because he takes time to listen to his clients and has the ability to provide appropriate opinion in a timely fashion.'
- 'I have had the pleasure of working with the Shoosmiths team on two difficult contentious FS matters. The team has strength and depth in its leadership and significant experience in this field.'
Work highlights
Advising a leading asset-based lending provider in relation to a sophisticated and orchestrated fraud perpetrated against them, including the commencement of civil proceedings and enforcement of the judgment award of around £3.1m.
Advising a financier to advise on the merits and all procedural aspects of a judicial review of a decision of the Financial Ombudsman Service (FOS), arising from the client’s lending in relation to timeshare products.
Advising a bank on the business of one of its customers, which involved a multi-level marketing operation and a potential fraudulent scheme.
Practice head
Daren Allen
Other key lawyers
Andrew Bowden-Brown; Hannah Field; Jonathon Crook; Mike Lockton