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England - London • Dispute resolution
6

Banking litigation: investment and retail

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Wallace LLP

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Wallace LLP is differentiated by a ‘combination of strong legal expertise with a practical, commercial approach’, with expertise in high-value fraud and complex hedge fund-related matters. Alexander Weinberg is a ’master strategist’ and leads the team that is ‘increasingly a real force in the market’. Oli Goldman and Nicola Boulton are noted.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘What makes this practice stand out is the combination of strong legal expertise with a practical, commercial approach. Oli Goldman is an excellent lawyer — diligent, quick to respond, and always focused on finding sensible solutions.'

  • 'Compared to other firms, the team is faster, more pragmatic, and easier to deal with. They cut through the noise, stay focused on the goal, and are genuinely great to work with.'
  • What makes Oli different from others we’ve worked with is his ability to give clear, pragmatic advice that’s grounded in our business realities. He’s not just legally sound — he understands what we’re trying to achieve commercially and helps us balance those objectives with legal considerations in a practical way.

  • ‘Alex Weinberg is a master strategist and manager of cases. Adds real value to the team and engages brilliantly with counsel. A pleasure to work with and doggedly outcome driven.'

  • ‘The Wallace banking litigation team is on the smaller side but is first-rate in terms of quality, efficiency, strategic thinking and work product. The team is diverse, well-balanced, technically skilled and with excellent partner oversight and engagement. It packs a punch.’

  • ‘Alex Weinberg - senior partner, great strategic oversight and industry knowledge, litigates properly but aggressively and doesn't miss a trick.'

  • ‘Alexander Weinberg leads a great team which is increasingly a real force in the market. ’

  • 'Exceptional and first class, Alex Weinberg is a standout figure .'

  • 'This practice stands out for its clear and straightforward advice.'

  • 'They’re not just technically strong, they understand the bigger picture and give guidance that’s useful and to the point.'

Key clients

  • Thousands of retail investors in the LF Woodford Equity Income Fund
  • RGL Management Limited
  • Eurochem North-West 2
  • Mothercare UK Limited (in liquidation)
  • DS Remco UK Limited
  • Viking Office UK Limited
  • Maplin Electronics Limited (in liquidation)
  • Encore Tickets Limited
  • The Caravan Club Limited
  • Signet Trading Limited

Work highlights

Acting for a claimant group comprising thousands of retail investors in the LF Woodford Equity Income Fund who have issued High Court claims against Hargreaves Lansdown and Link Fund Solutions following the Fund’s high-profile suspension in June 2019 and subsequent announcement that it will be wound down thereby crystallising losses of up to £1 billion.
Advising Eurochem North-West 2 in its US$350 million claim for payment on bonds relating to a construction contract for a fertiliser plant in Russia ahead of a six week trial commencing in June 2025.
Acting for a prominent claimant group, including a number of well-known high street retailers, in claims against MasterCard and Visa in relation to the unlawful fixing of interchange fees valued in excess of £100 million.

Practice head

Alexander Weinberg

Other key lawyers

Oli Goldman; Nicola Boulton