Crime, fraud and licensing
Eversheds Sutherland (International) LLP is commended for its ‘excellent legal knowledge across all sectors’, representing leading retail and wholesale banks on high-end disputes. The team is particularly skilled at handling multijurisdictional matters. David Flack heads the team, and is a ’quintessential all-rounder, able to combine excellent technical ability with genuine commercial acumen’. Also key to the team that is a ‘dominant force in the London litigation market’ are Kari McCormick and Jennifer Miles.
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Profile
Work Department
David is a partner in our Financial Services Disputes and Investigations group. He is a specialist banking litigator advising on all aspects of banking disputes as well as on internal/regulatory investigations with a particular focus on wholesale financial institutions. Prior to joining Eversheds LLP in April 2014, David spent 8 years as in-house litigation counsel at UBS AG in London where he was responsible for managing litigation and regulatory investigations for the investment bank in EMEA.
David’s recent experience includes:
- defending a financial institution in relation to possible claims arising from the fallout from a large-scale internal Ponzi scheme;
- leading a significant internal investigation into unauthorised trading at a investment bank;
- investigating and advising in relation to mis-selling of investment products to a bank’s international wealth customers;
- conducting a sensitive internal investigation into possible misconduct of a control function within a high-profile financial institution and related whistleblowing allegations; and
- advising on high-value costs litigation for a Canadian Energy company in relation to a dispute with the client’s former legal advisers.
David has written articles on disclosure and the financial list for Journal of International Banking and Finance Law. He also co-leads Eversheds LLP’s Overseas Banks Legal and Compliance forum and heads up the FSDI court orders and injunctions team. He has been individually recognised in 2015’s Legal 500 for banking litigation where is described as “very effective”.
Position
Partner
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Testimonials
Collated independently by Legal 500 research team.
‘The Eversheds team are very responsive and fully involved in assisting us with a major, multi-faceted issue. We value their ability to bring in colleagues from various other departments in the firms when needed.’
‘Excellent legal knowledge across all sectors.'
‘Jennifer Miles. She’s an outstanding banking litigation solicitor. She’s terrifically clever; she’s immensely hard-working; she gets on brilliantly with clients; she runs a big team with total charm and command. She’s as good as it gets.’
‘Excellent cases, strong team, clever, good sense of strategy.’
‘David Flack - extremely intelligent, excellent with clients, good tactical sense, a pleasure to work with.’
‘Eversheds is a dominant force in the London litigation market. It is regularly entrusted with the most significant banking dispute of the day and has an excellent range of technical and commercial knowledge.’
‘David Flack is a first-rate banking litigator. He is the quintessential all-rounder, able to combine excellent technical ability with genuine commercial acumen.’
'As a national firm with substantial offices around the country, it is able to offer much more efficient solutions to the dispute/litigation needs of major financial institutions without any compromise on the quality. It can also create excellent multi-jurisdictional teams from its offices - for example banking in London, supported by insolvency from the midlands.'
'Kari McCormick: top rate in Financial Services Disputes with a particular expertise in regulatory aspects.'
'Really client friendly, willing to go that extra mile. Smart lawyers who get the job done and understand our business.'
Key clients
- HSBC Lloyds Banking Group Citigroup BNP Paribas Deutsche Bank Nationwide Tesco Bank TSB Metro Bank One Savings Bank The Co-operative Bank FirstRand Bank Limited t/a MotoNovo Finance (and Aldermore Bank plc and MotoNovo Finance Limited) Dubai Islamic Bank Global Payments Financial Services Compensation Scheme Doha Bank Global Energy Horizons Corporation JB Drax Honore (DIFC) Limited Revolut Limited Arbuthnot Latham Julius Baer
Work highlights
Acting for FirstRank Bank Limited, a leading lender in the motor finance market, on a landmark Supreme Court appeal, with implications both for the motor finance and legal sectors.