

CMS
Member of World Law Group
CMS remains a key player in the market for its ‘exceptional strength and depth of expertise’ in the retail funds space. The practice is sought after by a growing client roster comprised of notable names from the private equity, financial services, and authorised funds sectors, to assist with high-value and high-profile matters ranging from fund formations and terminations to SDR applications and asset transfers. Heading up the team in Edinburgh is Karagh Gilliatt, who is praised by clients for her ’remarkable ability to distill complex regulatory frameworks into actionable guidance.’ Gilliatt regularly acts for investment managers, ACDs, and depositaries on market-leading LTAF and tokenisation projects. In London, Laura Houët sits at the helm of the department and her ‘intellect and meticulous attention to detail’ make her well equipped to advise on investment strategies, the implementation of SDR, SFDR, alongside Stewardship Code regulations and governance to aid in climate transitions. The group also benefits from the aptitude of Glasgow-based Aidan Campbell, whose practice spans establishing, reconstructing, and terminating authorised funds, as well as regulatory compliance.
Legal 500 Editorial commentary
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Lucy Pywell
Practice head
Karagh Gilliatt; Laura Houët
Other key lawyers
Aidan Campbell; Lucy Pywell