Retour United Kingdom - Solicitors

Financial services: non-contentious/regulatory in London

Clifford Chance

Traditionally a banking firm, Clifford Chance has become increasingly active in the asset management space and has extensive contentious and non-contentious experience. The non-contentious team, led by Christopher Bates, also has notable experience in M&A transactions involving regulated industries and entities. Simon Gleeson provides particular expertise in financial regulatory and resolution law, while Caroline Meinertz and Simon Crown specialise in strategic Brexit advice to key global financial institutions and the asset management industry. Contentious practice head Carlos Conceicao leads a team experienced in acting for corporates, asset managers, tech startups and global banks, as well as in the specialist area of Prudential Regulation Authority (PRA) investigations. Dorian Drew conducted a significant sanctions-related internal investigation for a UK-based international bank and, in an example of the firm’s multijurisdictional expertise, Roger Best advised a sovereign wealth fund on criminal and regulatory investigations relating to alleged corruption and money laundering. Also notable are Kelwin Nicholls, whose practice includes investigations into interest rate setting and advising commodities firms on market conduct issues; Michael Lyons, who advises on money laundering and bribery issues, responding to multiple authorities; and associate Oliver Pegdon, who specialises in regulatory enforcement work and related litigation.

Responsables de la pratique:

Christopher Bates

Les références

‘The regulatory team at Clifford Chance is the best in class’

‘Their ability to provide detailed high-quality legal advice, which is tailored to their deep understanding of business and how it operates, is first class’

‘Simon Crown is always the first call on regulatory matters – especially if they are serious and need immediate attention’

‘The best regulatory team in the City’

‘World class advice across all asset classes’

‘Owen Lysak is a leader in his field. He’s an innovative thinker and trusted counsel’

‘Stephanie Peacock is the future of the CC reg practice’

Principaux dossiers

  • Working on Brexit planning and impact assessment with all key industry associations, both pre-and-post the EU Referendum.
  • Advising a range of clients on European Market Infrastructure Regulation (EMIR) implementation.
  • Advising a wide range of clients on PSD2 implementation including wholesale and private banks, authorised payment institutions, trade bodies and other corporates.
  • Act for market leading custodians in the development of initial margin platforms.
  • Advising a number of global banks on Brexit-related strategies and restructuring.

Freshfields Bruckhaus Deringer LLP

The broad practice at Freshfields Bruckhaus Deringer LLP covers a range of advice ranging from Brexit and regulatory mandates to financial services M&A and enforcement matters. The group acts for clients including investment banks, market infrastructure entities and asset management firms. Notable in the team are global financial services head  Michael Raffan, who advises on a host of prudential issues including group structure, capital and liquidity, governance and conduct issues; and Mark Kalderon, who acts for commercial and investment banks on regulatory issues.  The firm’s contentious practice specialises in multijurisdictional regulatory investigations, with David Scott and Ali Sallaway well-regarded in this area.

Responsables de la pratique:

Michael Raffan

Autres avocats clés:

Mark Kalderon

Linklaters LLP

Linklaters LLP has a well-established reputation for advising multinational banks and asset managers on complex multijuristictional issues, handling the full range of both contentious and non-contentious matters. On the non-contentious side, areas of specialism include Brexit advice, ring-fencing and the growing fintech industry. Martyn Hopper leads the contentious and non-contentious regulatory teams respectively, which work closely together - an example being the 'insightful and influentialNikunj Kiri, who acts in both areas. Also notable is 'bright, excellent communicatorAlison Wilson, who has extensive bank sector and contentious regulatory expertise. Focusing on non-contentious matters, Michael Kent is well regarded for handling projects involving consortia of banks or asset managers; while Peter Bevan has particular expertise in new product development, trading issues such as market abuse and regulatory structuring advice. Also notable are fintech specialist Harry Eddis; newly promoted Sebastian Barling; and Julia Dixon, who co-led the firm's team advising PwC on the administration of stockbroker Beaufort Securities, which was placed into insolvency following an application by the FCA. On the contentious side the department has particular expertise in relation to enforcement investigations, as well as solo-PRA and joint PRA/FCA investigations in the wholesale banking and insurance sectors. Also recommended are counsels Alastair Holt and Elizabeth Dowd and managing associate Raza Naeem.

Responsables de la pratique:

Martyn Hopper

Les références

‘The team has a strong reputation for being tapped into UK regulatory issues’

‘Linklaters is able to draw on experience to deliver value’

‘Nikunj Kiri has a good practical sense of perspective, able to deliver value at often short notice’

‘Harry Eddis has intellectual rigour and an impressive grasp of the more complex end of the regulatory spectrum’

‘Janis Dunnicliff is a key member of the team who adds significantly to its firepower’

Principaux clients

PricewaterhouseCoopers LLP

Softbank Group Corp

Principaux dossiers

  • Acting on a project to develop a new inter-bank payment system which aims to achieve instant settlement of inter-bank payments – through the transfer of digital tokens known as “Utility Settlement Coins”  – between participants on a private blockchain.
  • Assisting various leading investment and retail banks on their implementation of and compliance with the Senior Managers and Certification Regime (SMCR), and worked extensively with three leading insurers in relation to the transition from the Senior Insurance Managers Regime (“SIMR”) to the SMCR.
  • Acting as fund counsel to SoftBank Group Corp. (SoftBank) on a range of matters following the launch of the SoftBank Vision Fund, which saw the establishment of the world’s largest technology investment fund and the largest ever private fundraise.

Travers Smith LLP

The ‘consistently outstanding‘ Travers Smith LLP covers both contentious and non-contentious financial services matters. Its  non-contentious practice has particular expertise in Senior Manager and Certification Regime (SMCR) and asset management issues, as well as experience in financial market infrastructure and payments. In addition, the group is ‘extremely commercially focused and in touch with the latest regulatory developments‘. In a recent highlight, practice head Tim Lewis advised a trustee of the British Steel Pension Scheme on the separation of the scheme from Tata Steel and obtained a determination notice and clearance statement for the regulated apportionment arrangement from the pensions regulator. Also notable in the team are: financial products and payments expert Mark Evans; complex structuring issues and novel regulatory specialist Phil Bartram; and Stephanie Biggs, who has particular expertise advising European, US and global private fund sponsors in relation to all aspects of UK and European financial services regulation and compliance. The contentious arm of the practice is known for handling complex and multijurisdictional litigation related to anti-trust and competition. Rob Fell leads the department, which also includes Stephanie Lee, who represents financial institutions and individuals in regulatory investigations. Also noteworthy are senior associate Natalie Lewis and senior counsels Michael Raymond and Sam Cottman.

Responsables de la pratique:

Tim Lewis

Les références

‘The firm not only understand their area immensely well but also disseminate that information in a way that resonates with the business. They also take the time to understand what your needs are and to give you commercial solutions ‘

‘Travers Smith are, without doubt, a market leading firm for regulatory matters. They have depth across the team, are commercial and quick to respond’

‘Natalie Lewis and Mark Evans both compliment one another brilliantly. Both have an encyclopedic knowledge of financial markets regulation and the fintech industry’

‘Natalie Lewis has an approach which is measured, explanatory and open. She makes concepts understandable’

‘Phil Bartram is an outstanding lawyer. He has the rare ability to explain complex regulatory issues in a clear, concise and jargon-free manner’

‘Tim Lewis is a fantastic ambassador for the UK’s private equity industry. He is intelligent, dedicated and commands respect from clients and regulators alike’

‘Stephanie Biggs is extremely logical, thoughtful and proactive. She brings a fresh perspective to complex regulatory issues’

‘Michael Raymond is fantastic at managing client projects, expectations and an excellent reliable counsel’

‘Mark Evans has been a font of legal knowledge and advice over many years’

Principaux clients

Bain Capital Group NoCinven Partners LLP

Apax Partners

AIG Asset Management

Alternative Investment Management Association, Alternative Credit Council, Managed Funds Association, Invest Europe, British Private Equity and Venture Capital Association

CLS Bank International

Goodbody Stockbrokers UC

Trustee of the British Steel Pension Scheme


Euroclear Group

Principaux dossiers

  • Advised long-standing client TA Associates on its acquisition of the Single Strategy asset management business (the “Single Strategy Business”, since renamed Merian).
  • Advising on regulatory change/cutting-edge new contractual and legislative solutions for Euroclear UK & Ireland Limited(EUI), the operator of the UK and Ireland’s securities settlement systems (CREST).
  • Advised the trustee of the British Steel Pension Scheme (BSPS) on the separation of the scheme from Tata Steel and obtained a determination notice and clearance statement for the regulated apportionment arrangement (RAA) from the Pensions Regulator.
  • Advised on a number of sensitive conduct matters related to FCA Approved Persons.
  • Advising a Silicon Valley private equity house on the regulatory aspects of its a large public takeover.

Allen & Overy LLP

Experienced in advising on a range of contentious and non-contentious financial services matters, Allen & Overy LLP has particular expertise in handling regulatory investigations, as well as boasting  a financial services criminal defence capability covering anti-corruption and bribery, anti-money laundering, anti-trust and sanctions. The arrival of criminal defence lawyer Eve Giles from Kingsley Napley LLP further strengthens the team in this area. The contentious practice, led by Calum Burnett, works closely with A&O's regulatory lawyers and recently established regulatory consulting business, A&O Consulting. Notable in the team is Mahmood Lone, who specialises in acting on high profile investigations into alleged market abuse and manipulation. Damian Carolan heads the non-contentious regulatory group that acts for investment and retail banks, asset management firms and trade bodies across a range of advisory and transaction-related regulatory issues. His team includes Kate Sumpter, who has expertise dealing with complex regulatory-driven structural change projects for UK and international banks.

Responsables de la pratique:

Damian Carolan

Autres avocats clés:

Kate Sumpter

Principaux dossiers

  • Advising a number of banks and FCA-only authorised firms in relation to their implementation of  The Senior Managers and Certification Regime (SMCR) and post-implementation issues.


CMS has notable experience acting for startups in innovative technology matters, as well as advising banking clients on the Markets in Financial Instruments Directive II and Brexit issues, while on the contentious side the firm is known for matters connected to the Senior Managers and Certification Regime and market conduct work. Ash Saluja leads the overall practice and focuses on non-contentious matters. His team includes Paul Edmondson, who acts primarily for financial institutions on Brexit related matters; the 'intelligent and knowledgeableSimon Morris, who specialises in advising financial services institutions on commercial and regulatory matters; fintech specialist Sam Robinson; and Alison McHaffie, who has expertise in contentious regulatory matters. Also notable is associate Tom Callaby. The team has been strengthened by the arrivals from Eversheds Sutherland (International) LLP of Elisabeth Bremner, who has particular expertise in investigating fraud, sanctions breaches, mis-selling and complaints mishandling; and asset management specialist Laura Houët.

Responsables de la pratique:

Ash Saluja

Les références

‘The team is highly professional and knowledgeable’

‘The firm is business savvy, has a deep understanding of the fintech environment, regulatory changes and commercial acumen’

Ash Saluja is highly competent and entirely reliable, with excellent commercial understanding’

Sam Robinson has excellent people handling skills whether with lay clients or with colleagues and a deep understanding of the regulatory framework.’

‘Simon Morris is the man to go for if there is a point to be argued on the financial services planet’

Principaux clients

Lloyds Banking Group




Deutsche Bank

Aon Hewitt

Property Partner


Willis Towers Watson


Principaux dossiers

  • Advising two major UK high street banks on the ring-fencing regime.
  • Advising IPSX Group in securing a Recognition Order by the FCA for the launch of the International Property Securities Exchange (IPSX).
  • Advising Elfin Market Ltd on all aspects of its business.
  • Advising numerous clients on the practical application and interpretation of the FCA’s client assets rules.
  • Advising Accel and General Catalyst on the regulatory aspects of their investment in Monzo bank.

Hogan Lovells International LLP

The multidisciplinary transactional, regulatory and advisory practice at Hogan Lovells International LLP is led by global head of financial services regulation and partner in the financial institutions group Rachel Kent, who has particular expertise in Brexit related advice. Her team works on a range of local and multijurisdictional regulation, product development, documentation and banking issues. As well as specialising in Brexit and Markets in Financial Instruments Directive II advice, the department is experienced in the area of fintech, notably blockchain. In a recent highlight, the firm was appointed to advise Lloyds Banking Group on its review of the investment management market to manage its portfolio of insurance and wealth assets. The contentious wing is led by Philip Parish, who is known for handling regulatory investigations and enforcement matters. His team specialises in consumer finance, sanctions and anti-money laundering, as well as cross border matters. Also notable is Elaine Penrose, who has experience in a wide range of internal and regulator-led investigations.

Responsables de la pratique:

Rachel Kent

Principaux clients

Allianz Global Investors GmbH





Innovate Finance



The London Metal Exchange / LME Clear

Open Banking Limited


Lloyds Banking Group


Principaux dossiers

  • Engaged by the City of London Corporation’s International Regulatory Strategy Group (IRSG) to chair the Working Group considering the City’s proposal for the future deal with the EU on financial services.
  • Regulatory legal adviser to a UK commodities exchange and its clearing house on preparations for Brexit.
  • Provided an outsourced negotiation service for BNP Paribas to facilitate the repapering of its key clients for MiFID II.
  • Appointed to review the legal and regulatory framework for legal entities in the Astana International Financial Centre in Kazakhstan.
  • Undertook two simultaneous review exercises of 800 outsourcing agreements for a global institutional banking group.

Latham & Watkins

The regulatory team at Latham & Watkins specialises in bank-wide implementation projects, sensitive internal investigations, high-profile independent reviews and product governance matters.  On the non-contentious side, the firm has experience in transatlantic regulatory development work and provides an institutional asset management practice as well as fintech services combining regulation and technology. Practice head Rob Moulton specialises in high profile matters relating to MiFID II and Brexit. He can call on the expertise of 'very good technical lawyerDavid Berman, who is known for advice in relation to the asset management, broking and banking sectors; and Carl Fernandes, who arrived from Linklaters LLP in 2018 and acts for international investment banks and asset managers 'providing consistently high quality advice'. The team has particular experience in EU benchmarks regulation. Also notable is associate Jonathan Ritson-Candler. On the contentious side, the 'astute, wilyJon Holland and the 'excellentAndrea Monks arrived in 2018 from Hogan Lovells International LLP and co-lead the firm’s offering. They specialise in complicated and high profile disputes and contentious regulatory issues, particularly with a multi-jurisdictional element, and have a strong track record advising retail and investment banks, asset managers, and other financial institutions.

Responsables de la pratique:

Rob Moulton

Les références

‘The regulatory team at Latham has broad and deep knowledge of UK regulation and gives both technically accurate and pragmatic advice in a prompt and client-focused way’

‘They are a good bunch to deal with: approachable, friendly and apply a common sense approach’

‘The team’s exposure to a variety of clients allows for the provision of insightful advice and a sense of applied industry standards’

‘Rob Moulton and Nicola Higgs are very strong partners in the team’

‘David Berman is a go-to guy. He’s super-responsive, always gives very practical advice and is not afraid to challenge and push-back where appropriate’

‘Carl Fernandes has a deep understanding and a distinct ability to target his advice to the business model’


Principaux clients

Bank of America Merrill Lynch

Morgan Stanley

J.P. Morgan Securities Plc


Legal and General Investment Management

China Construction Bank

Sanford C. Bernstein

Millennium Capital

Central Bank of Egypt

Numis Corporation Plc

Interactive Brokers

Virtu Capital


Deutsche Bank

Credit Suisse


Nomura International plc

Principaux dossiers

  • Advising on a transformative mandate for CBE involving a complete reformulation and enhancement of Egypt’s banking regulatory regime.
  • Advising a consortium led by Blackstone and CVC Capital Partners on its offer for Paysafe Group
  • Undertaking an independent culture review – the first ever commissioned by Legal & General Investment Management – given the ongoing regulatory focus and emphasis on conduct and culture.
  • Advised BAML on various complex Brexit matters relating to the establishment of a subsidiary in Paris.
  • Acted for SCB on the acquisition of Autonomous Research, an independent research boutique.

Norton Rose Fulbright

Norton Rose Fulbright's work covers wholesale and retail financial services, with notable strengths in areas including banking, asset and wealth management and market infrastructure. In addition, the 'clear, pragmatic and extremely responsive' firm has an experienced fintech regulatory practice and assists several regulatory working groups and market associations focusing on developing regulatory standards around Initial Coin Offerings (ICOs), smart contracts, virtual currencies and blockchain. Imogen Garner and Hannah Meakin lead the practice in this area and are also co-heads of the wider non-contentious team alongside the 'hard working, personable and, most importantly, extremely knowledgeableJonathan Herbst. The latter led in advising on regulatory aspects of leading derivatives market CME Group’s acquisition of the NEX group of companies. On the contentious side, the practice specialises in market conduct, cyber-security and internal investigations. Led by transnational regulatory investigations expert Lista Cannon, the team includes Katie Stephen, who acts on a wide range of contentious regulatory, as well as advising clients in relation to Skilled Persons reviews and internal investigations; and David Harris, who has particular experience representing financial institutions, corporates and senior executives in connection with various cross-border matters.

Responsables de la pratique:

Imogen Garner; Hannah Meakin; Jonathan Herbst

Autres avocats clés:

Charlotte Henry

Les références

‘The team is highly technical but also very commercial – which is an unusual combination’

‘Strong industry knowledge and insight’

‘Norton Rose provides big picture analysis combined with detailed technical advice’

‘Great team with broad strength in depth’

‘Practical and pragmatic and not afraid to take a position or express a view’

‘The team has good broad experience and is easily able to apply their views’

‘Jonathan Herbst has great understanding of the market. He provides excellent technical understanding with pragmatic solutions’

‘Hannah Meakin is very technical but also pragmatic, she thinks through questions to the next stage.’

‘Imogen Garner is very strong, unfailingly practical and commercial’

‘Charlotte Henry is technically skilled, thorough, and deals equally well with business colleagues and legal colleagues’

Principaux clients



Investment Association

CME Group


Government of Malta

River & Mercantile


UK Finance

The Institutional Money Market Funds Association

Principaux dossiers

  • Working with Lendingblock which created a new marketplace where institutional investors can lend or borrow digital assets collateralised by other digital assets., thereby bringing securities lending to the crypto markets.
  • Advised the new payment system operator (NPSO) in the UK on all aspects of its incorporation and establishment and the consolidation of certain existing payment systems.
  • Advised The Investment Association in relation to an update of its model Investment Management Agreement (IMA).
  • Worked closely with The Institutional Money Market Funds Association to prohibit the practice of funds utilising the “reverse distribution mechanism” to account for a negative yield interest rate environment across the Eurozone.
  • Appointed as sole legal advisers to UK Finance in publishing industry guidance for use in the retail sector on costs and charges under key new disclosure requirements.

Shearman & Sterling LLP

Specialising in the regulatory aspects of M&A,  infrastructure and funds work, Shearman & Sterling LLP’s transatlantic practice is particularly highly regarded for its Brexit advice. Key clients include Cyprus Co-operative Bank and RBS. Global head of the financial services industry group  Barnabas (Barney) Reynolds  also leads the UK practice and is notable for his Brexit expertise. He also leads the contentious team with litigation expert, counsel Jo Rickard. The firm is experienced in cross-border matters relating to regulatory enforcement and anti-trust issues. As well as handling investigation and enforcement cases, Thomas Donegan has worked on matters including offering non-contentious advice to  ICE Futures Europe on updating its exchange rules in light of the MiFID II and MiFIR. Senior associate Ellerina Teo is another notable name in this area.

Responsables de la pratique:

Barnabas Reynolds

Autres avocats clés:

Thomas Donegan; Ellerina Teo

Les références

‘Shearman & Sterling LLP is attentive and responsive’

‘The best of both worlds: a friendly, personal service combined with international legal firepower’

Principaux clients

ICE Futures Europe

ICE Clear Netherlands

Cyprus Co-operative Bank (CCB)


Zuercher Kantonalbank


Principaux dossiers

  • Advised ICE Futures Europe on updating its exchange rules in light of the MiFID II and MiFIR regulations.
  • Provided advice to CCB in relation to its sale of certain of its assets to Hellenic Bank.
  • Following ICE’s acquisition of the Holland Clearing House, the firm advised ICE on drafting its new rulebook. T
  • Involved in providing UK regulatory advice in relation to the sale by Zuercher Kantonalbank (ZKB) of Swisscanto Funds Centre Limited (SFCL) to Clearstream International S.A. (a subsidiary of Deutsche Boerse).

Simmons & Simmons

Simmons & Simmons’ broad expertise includes advice on Brexit, the Senior Manager and Certification Regime (SMRC) and Markets in Financial Instruments Directive II, for a range of clients including asset management companies, investment banks, brokerage houses, general insurance and life assurance companies. The non-contentious regulatory team is led by Charlotte Stalin, who focuses on UK and European financial services regulation; and SMRC specialist Penny Miller. Their team includes regulatory expert Jonathan Melrose, who is experienced in the structure and operation of financial services businesses and market conduct issues. The contentious practice is best known for its experience in contentious regulatory investigations, including potential misconduct, systems and controls breaches and individual accountability, as well as advising on internal investigations and rule-based breaches. Richard Sims leads on this side and specialises in large scale matters, conduct risk and internal investigations. He can call on the expertise of Emma Sutcliffe, who is notable in financial regulatory investigations, enforcement actions and whistleblowing.

Responsables de la pratique:

Charlotte Stalin; Penny Miller

Autres avocats clés:

Jonathan Melrose

Les références

‘Totally understand the business and apply that knowledge to the provision of commercial legal advice’

‘Jonathan Melrose demonstrates sheer brilliance and intelligence’

‘Always go the extra mile to understand the business, including in newer regulatory sectors and fintech’

‘Prepared to invest in knowing the client’ 

‘Penny Miller is one of the strongest regulatory lawyers around, she is prepared to invest in the relationship to get to grips with new regulation’

Principaux clients


Allianz Global Investors

BNP Paribas

Royal Bank of Canada

Standard Bank




State Street Global Advisors

Prudential Financial

Principaux dossiers

  • Launched a regulatory project for a number of banks where the firm reviews and summarises key documentation of Trading Venues .

Slaughter and May

Acting primarily for banks, asset managers and insurers, Slaughter and May has a broad practice, specialising in high-stakes conduct matters, strategic advice on prudential regulation, ring-fencing and fintech. Jan Putnis leads the non-contentious practice and focuses on regulatory advice in relation to multijurisdictional corporate and commercial transactions. His team includes Ben Kingsley, who is advising Goldman Sachs’ Global Investment Research division on the restructuring of its contractual relationships with clients in light of the MiFID II inducements regime. On the contentious side, the firm has notable experience in financial institutions advisory work, as well as fraud and white-collar crime matters. Sarah Lee leads the practice and can call on the expertise of Deborah Finkler, who advises across a spectrum of contentious matters, including both High Court litigation and foreign disputes; and recently promoted partners Camilla Sanger and Holly Ware, who acted for Deutsche Bank in relation to regulatory investigations in multiple jurisdictions into the setting of interbank benchmark rates, including LIBOR. Former director of the Serious Fraud Office (SFO), Sir David Green CB QC , joined the team in 2018 as a senior consultant.

Responsables de la pratique:

Jan Putnis

Autres avocats clés:

Ben Kingsley

Les références

‘Faultless team and depth of talent that is not comparable with any other firm’

‘It is a pleasure to instruct Slaughter and May’

‘Unparalleled legal knowledge combined with practical experience with regulators’

‘Very responsive and instils complete confidence’

‘Jan Putnis is a standout partner’

Principaux clients

Aviva plc

UK Asset Resolution, (UK government)

Euroclear SA/NV

Klarna Bank

Goldman Sachs International

Standard Life Aberdeen plc

Standard Chartered plc,

Santander UK plc,

Prudential PLC,

Credit Karma, Inc

Stripe Inc, (US payment processor and technology company)

Zurich Insurance plc

Principaux dossiers

  • Acted on the sale of SLA’s capital-intensive insurance business to Phoenix, which was covered extensively by the legal press.
  • Advising Goldman Sachs’ Global Investment Research division on the restructuring of its contractual relationships with clients in light of the MiFID II inducements regime.
  • Specialist Brexit-related regulatory advice for a UK head-quartered retail and investment bank.
  • Advised Prudential plc on the demerger of its UK & Europe business (M&G Prudential), resulting in two separately-listed companies.
  • Acting as Brexit counsel for Zurich Insurance plc, a leading EU head-quartered general insurer, on its Brexit-related planning and associated regulatory work.

Addleshaw Goddard

Traditionally known for retail financial services and payments work, Addleshaw Goddard's practice covers legal, compliance, conduct, risk and governance support. Retail and payments regulation expert Amanda Hulme leads the team that includes Rosanna Bryant, who handles standalone consumer credit regulatory advice and is also regularly involved in financial services transactional work. Nichola Peters, Michelle De Kluywer and David Pygott are key names on the regulatory and global investigations and enforcement team and focus on contentious regulatory advice relating to FCA enforcement, investigations, AML and financial crime. The practice was strengthened by the 2018 arrivals of Richard Small, who specialises in financial services regulatory advice, from Stephenson Harwood; and consumer finance and retail banking expert Clare Hughes, from Eversheds Sutherland (International) LLP.

Responsables de la pratique:

Amanda Hulme

Autres avocats clés:

Rosanna Bryant; Richard Small; Clare Hughes

Principaux clients

Bank Leumi

Bank of China

Rathbone Investment Management Ltd


Fisher Investments

Hamilton Lane Advisors

NFU Mutual

Panmure Gordan

Marcura Equities FZE


Principaux dossiers

  • Provide regulatory advice to Hamilton Lane Advisers; and also advise at the structuring stage, and on an ongoing basis, in connection with numerous Alternative Investment Funds pursuant to the Alternative Investment Funds Managers Directive (AIFMD) to enable Hamilton Lane’s launch of a significant number of parallel fund-of-funds structures in the EU.
  • Acting for Revolut, a “Tech Unicorn” digital banking alternative that provides pre-paid debit cards, currency exchange, cryptocurrency exchange and peer-to-peer services, we reviewed and advised on Revolut’s full suite of client-facing documentation; and provided on-going advice on a range of other regulatory matters.
  • Acting for this major Portuguese bank Novo Banco in the closure of its UK branch which required advice on regulatory process; relations with the PRA & FCA; migration of business; and the management of outstanding liabilities.


Known for its international strength and broad practice, Ashurst is able to cover a full remit of contentious and non-contentious advice for financial services clients. Jake Green , who advised Goldman Sachs on the launch of its first online retail bank, Marcus by Goldman Sachs, co-leads the non-contentious regulatory team alongside  James Perry . The practice also includes Tim Cant, who has expertise in providing financial services regulatory advice to a range of investment managers, trading venues, njmiujand banks; and counsel Lorraine Johnston, who specialises in aspects of financial regulation related to the fintech and regtech spaces. Tom Connor leads the contentious arm of the group and focuses on internal and regulatory investigations for financial services clients. His department has particular experience in market abuse and competition law matters and includes David Capps, who handles financial regulatory enforcement matters and internal investigations, as well as banking and finance-related disputes. The highly regarded  Edward Sparrow , who is chairman of the City of London Law Society, retired as partner in 2018 but retains a senior consultant role at the firm.

Responsables de la pratique:

Jake Green; James Perry

Autres avocats clés:

Tim Cant; Lorraine Johnston

Les références

‘Ashurst has broad technical and market knowledge throughout the team’

‘A very client-oriented firm’

‘Tim Cant has strong technical and market knowledge and looks to understand the client’s needs holistically’

‘Jake Green is highly responsive and extremely commercial’

Principaux clients

Goldman Sachs (Marcus)

Wells Fargo


Oak Hill Advisors

Cantor Fitzgerald Europe

Royal Bank of Canada

Saxo Bank

BCG Brokers

Plus 500 UK Ltd

OANDA Global Corporation


Liquidnet Holdings Inc


NEX Group Inc

Forex Capital Markets Limited

Bank Polska Kasa Opieki Spolka Akcyjna

GAIN Capital Holdings

Principaux dossiers

  • Advising a global financial institution on the launch of one of its first innovation companies, providing innovative finance and business tools to help entrepreneurs and small companies manage their businesses.
  • Advised various divisions of a leading UK retail bank on material non-compliance risks arising from their cross-border business in various jurisdictions.
  • Cross border business restructuring advice regarding the impact of Brexit on a client’s complex products trading function.
  • Advising a long standing asset manager client in relation to its Brexit contingency plans.
  • Advising a leading international inter-dealer broker on the implications of Brexit and the restructuring of their group and trading models to accommodate international clients following Brexit.

Bryan Cave Leighton Paisner LLP

Known for a strong international offering, Bryan Cave Leighton Paisner LLP houses its contentious and non-contentious financial regulatory expertise together, alongside its corporate crime and white collar expertise, in the firm’s Global Investigations, Financial Regulation and White Collar (IFRWC) Group. Acting primarily for investment banks and insurer clients, the team specialises in advice on managing corporate risk issues across financial regulation, data, corporate crime, employment and anti-trust. Nathan Willmott leads the practice and has particular experience advising insurers, banks and investment firms, as well as acting on UK and cross-border regulatory and criminal investigations for members of senior management. Senior figure  Sidney Myers left the firm and became a member of the FCA’s regulatory decisions committee.

Responsables de la pratique:

Nathan Willmott

Les références

‘On the non-contentious regulatory side Matt Baker is a safe pair of hands’

‘No job is too small. Despite the complexities of certain issues, the firm tackles all requests with the same gusto’

‘Always happy to give their time and very responsive and attentive when doing so’

Principaux clients


BGC Brokers L.P./ Cantor Fitzgerald

CNA Hardy

Link Market Services, formerly Capita Registrars

Playtech Group

National Australia Group and its subsidiaries Clydesdale Bank and Yorkshire Bank



London Stock Exchange


Chubb/Ace European Group

Clal Insurance

International Underwriting Association

Randall & Quilter

Principaux dossiers

  • Acting for a major insurer in relation to numerous projects, including an internal review on the request of the FCA and PRA and on their Senior Managers and Certification Regime implementation project.
  • Acting for numerous investment firms and banks in connection with their ongoing implementation of MiFID II.
  • Advising a number of leading insurance firms in relation to the implementation of the extended Senior Managers and Certification Regime.
  • Advising the outsourcing team of an international investment bank in relation to various matters connected to the implementation and application of the EU Markets in Financial Instruments Directive II (“MiFID II”) and Market Abuse Directive.
  • The regulatory team ran the change of controller process for a leading international brokerage company when it acquired an insurance brokerage business in 2018.

Herbert Smith Freehills LLP

Known for its banking and asset management expertise, Herbert Smith Freehills LLP also has experience in fintech, payment services and Brexit-related projects. Banking regulation and compliance expert Clive Cunningham leads the non-contentious practice, which specialises in complex, multijurisdictional advisory and transactional work, an example being advice to interdealer brokers TP ICAP on all aspects of its Brexit project and related restructurings. Also notable is Andrew Procter, who focuses on the financial services and investment banking industry. Given its strength in disputes work the firm offers clients significant experience on the contentious side, offering regulatory expertise, particularly in relation to the Senior Managers and Certification Regime and cyber security related matters. Leading this team is Jenny Stainsby, who has experience in a range of regulatory and compliance matters, including investigations and enforcement proceedings as well as governance, conduct of business issues and skilled persons' reviews.

Responsables de la pratique:

Clive Cunningham

Autres avocats clés:

Andrew Procter

Les références

‘The team are strong in communication, understand the complexities of offshore models and have worked really well’

‘Very practical and responsive in an area not known for either attribute’

‘Andrew Procter provides a lot of good, pragmatic advice on broader regulatory topics’

‘Clive Cunningham takes the time and effort to understand clients’ business, which makes him better placed to provide accurate, timely and helpful advice’

Principaux clients



TSB Bank


Tikehau Capital

The Big Exchange

Pension Insurance Corporation (PIC)

Man Group

Baillie Gifford


Principaux dossiers

  • Advising iSwap, the operator of the iSwap MTF, on its Brexit project and related restructurings. Complex, multi-jurisdictional advisory and transactional work.
  • Advising a major European bank on its Brexit project, including amendments to customer documentation and migration of business. Complex, multi-jurisdictional work.
  • Advising TSB on its project to implement new UK retail banking structural reform / ring-fencing regime.
  • Advising Clear.Bank on the development of its business.
  • Advised PIC on the implementation of the Senior Managers & Certification Regime, which came into effect for insurers in December 2018.

Kirkland & Ellis International LLP

The 'consistently excellent' Kirkland & Ellis International LLP's regulatory practice advises banks, insurers and consumer credit businesses on a range of matters, including the Alternative Investment Fund Managers Directive  (AIFMD) and other UK/EEA regulatory issues, including MiFID II. The firm specialises in cross-border issues and is acting as regulatory counsel for many leading sponsor clients. Practice head Lisa Cawley is a 'thoughtful, knowledgable safe pair of hands' whose past experience includes advising fintech company FNZ and funds advised by HIG Capital and General Atlantic on regulatory issues around their agreement to sell their investment in FNZ to La Caisse de dépôt et placement du Québec and Generation Investment Management LLP.  The 'infinitely practical and helpful' Adam Skinner has experience in financial regulation and funds matters, with a particular focus on regulatory issues arising within the private investment fund industry. Also notable in the team are Prem Mohan, who is known for advising fund sponsors and other regulated firms on all aspects of UK and EU financial services regulation; and associate Deirdre Haugh, who is experienced in FCA and EU single market legislation.

Responsables de la pratique:

Lisa Cawley

Autres avocats clés:

Prem Mohan; Deirdre Haugh; Adam Skinner

Les références

‘Accessible and responsive and can always be relied on to deliver trusted and workable solutions’

‘Strikes a perfect balance between technical knowledge, with a keen sense of what the regulator expects, and finding appropriate commercial outcomes for the client’

‘Great understanding of clients and market’

‘Lisa Cawley can always be counted on for practical advice and solutions’

‘Adam Skinner has the gift of being able to explain complex areas of regulation in a digestible way’

Principaux clients

Apollo Global Management  /  Apollo Management International

ABRY Partners II, LLC

CC Capital Partners, LLC.  Cannae Holdings and Thomas H. Lee Partners

H.I.G. Capital and General Atlantic

Lion Capital LLP

Starwood Capital Advisors

Starr Investment Holdings and ACA Compliance Group

Sun Capital Partners / Sun European Partners

Summit Partners, L.P. and Summit Partners LLP

TPG Europe

The Blackstone Group International Partners

TowerBrook Partners


Warburg Pincus

Principaux dossiers

  • Advised Starr Investment Holdings (“Starr”) and ACA Compliance Group (“ACA”), on ACA’s acquisition of Cordium, a leading provider of governance, risk and compliance products and services, from Ares.
  • Advised an investment consortium led by CC Capital, Cannae Holdings and Thomas H. Lee Partners on its agreement to acquire Dun & Bradstreet (NYSE: DNB).
  • Represented private equity firm GTCR in the sale of Callcredit Information Group Limited to TransUnion (NYSE: TRU)

Charles Russell Speechlys LLP

Private banking and wealth specialist Charles Russell Speechlys LLP has experience in a range of financial services work, including regulated lending, structured products and matters with a cross-border element. Jonathan Bayliss leads the practice and has a particular focus on advising institutional clients. He can call on the expertise of Kate Troup, who handles investment management and private banking issues; and William Garner, who leads the firm’s broking, trading and markets practice.

Responsables de la pratique:

Jonathan Bayliss

Autres avocats clés:

Kate Troup; William Garner

Les références

‘Partner led, great sector knowledge’

‘William Garner has a strong financial services practice. He is very commercial in his approach, has deep market knowledge and is highly responsive’

Principaux clients

St James’s Place

Julius Baer AG

Sarasin and Partners

Credit Suisse A.G.



Royal Bank of Canada


EFG Private Bank

Mariana Capital Markets

Principaux dossiers

  • Advising a start-up peer-to-peer lending platform focused on lending to African borrowers.
  • Advising a UK branch of a foreign bank on the likely impact of Brexit on its activities in the UK.
  • Carrying out a detailed review of a UK retail bank’s consumer credit lending documents and procedures.
  • Advising a large shopping centre operator on the impact of the Second Payment Services Directive on its store-card.
  • Advising a UK private bank on the regulatory implications of setting up a branch in Jersey.

DLA Piper

The 'highly professional and multi-disciplinary' team at DLA Piper specialises in international work, notably in the banking, investment and fintech areas. The firm advised First Data Corporation in coordinating the regulatory workstream for the company’s group reorganisation, through which it sought to place its non-US subsidiaries under a new global holding company.  Financial Conduct Authority approved skilled person Michael McKee is 'always approachable, communicative and patient.' He leads DLA's non-contentious practice, while  head of financial services and investigations Tony Katz leads on the contentious side with white collar specialist Sam Millar. The firm has significant experience in contentious financial services work including enforcement and investigations matters, with a focus on cross-border issues.

Responsables de la pratique:

Michael McKee; Tony Katz

Les références

‘They do not sit on the fence and caveat their opinion’

‘DLA Piper continuously demonstrates in depth knowledge of the industry and business’

‘They exercise great care in understanding the issues and presenting options that work from a legal and business perspective’

‘Michael McKee is an expert in his field and is happy to explain in terms suitable for non experts’

‘The team is outstanding at delivering exceptional and well informed yet commercially pragmatic client service’

Principaux clients

First Data Corporation

FirstRand Bank

C&C Group plc

Conviviality Plc and PwC (Administrators)

European Bank

Principaux dossiers

  • Acting for FirstRand, South Africa’s largest financial services institution, who put forward a recommended offer for approval by the shareholders of Aldermore Group PLC, a British specialist lender and savings bank.
  • Advised a European Bank on its options under the UK’s legal framework in the case of a ‘hard Brexit’ (i.e. assuming the current financial passporting system ends).
  • Advised a major international foreign currencies exchange business (FX business) on the Europe-wide implications of cross border payments regulation.

Eversheds Sutherland (International) LLP

The Eversheds Sutherland (International) LLP department provides a broad range of regulatory advisory services, particularly specialising in cryptoassets. Co-head Michaela Walker advises fund management clients and depositary banks in regulated activities and product development, as well as related corporate work; co-head David Saunders has expertise in project managing regulatory investigations, regulatory change projects and past business reviews for financial services firms. The contentious wing of the practice is notable for anti-money laundering regulations, financial crime and is appointed to the FCA/PRA Skilled Person’s panel. The firm also has an in-house team of regulatory consultants and compliance professionals. Gregory Brandman leads the contentious team and specialises in representing financial institutions, senior managers and approved persons in FCA and PRA enforcement proceedings. He can call on the expertise of Jake McQuitty, formerly the Head of Investigations & Enforcement at Barclays Bank plc, who focuses on corporate investigations and regulatory enforcement. The group was strengthened by the arrivals of corporate crime and investigations specialist Steve Smith, who joined from Nomura International Plc, and hedge fund expert Ben Watford, who joined from MJ Hudson. Partner Neill Blundell left for Macfarlanes LLP in 2018.

Responsables de la pratique:

Michaela Walker; David Saunders

Les références

‘Greg Brandman’s contentious regulatory team has been going from strength to strength’

‘They take a sensible approach and are a pleasure to co-counsel with’

‘Greg Brandman is consistently in demand for his strategic approach, good memory for detail and pleasant manner with clients. He is a force to be reckoned with’

Principaux clients


Pollen Street Capital


WealthKernel: HSBC; TAM Asset Management


Financial Conduct Authority (Skilled Persons Review)

Bank of China


BNY Mellon Asset Management

Integrated Financial

Principaux dossiers

  • Advising Kinesis on the regulatory classification of and legal requirements for a yield-bearing digital currency based on physical gold and silver.
  • Assisted Pollen Street Capital with the acquisition of insurance mediation entities as well as three payment services firms.
  • Advising Namahe Limited on all regulatory aspects of launching a services payment utility token in the fashion industry.
  • Advising WealthKernel regarding setting up one of the first Shariah-compliant robo-advice services; setting up a platform services model which allowed for seamless integration of robo-advisers, platform and execution products line within a single umbrella.


Fieldfisher has expertise in the banking and broker-dealer spaces, working primarily for large investment banks, commodities houses and hedge funds. In addition, the firm has experience in the area of fintech. Leading the non-contentious practice are financial regulatory specialist Azad Ali; Nicholas Thompsell, who is known for his abilities in the application of regulation in novel or unusual contexts; asset management expert Kirstene Baillie; and Emma Spiers, who focuses on alternative asset management. The team advised Danske Bank Group in relation to hard Brexit contingency planning across all its European business units . On the contentious side, the practice is advises on disputes, regulatory enforcement work, disciplinary action and internal investigations, as well as representing individuals under investigation by the FCA. Duncan Black leads in this area and acts for investors, brokers, banks and individuals, with a particular focus on  money laundering and market abuse cases.

Les références

‘Extensive knowledge and experience of complex legal issues relating to derivatives and regulatory matters but,  nevertheless, able to provide pragmatic advice in a down-to-earth manner’

‘All the team are easily approachable and down-to-earth’

Principaux clients

Danske Bank Group

Citco Financial Products (London) Limited

Citigroup Global Markets Limited

World Fuel Capital Ltd

Zürcher Kantonalbank

Standard Chartered

Principaux dossiers

  • Advised a bank on Brexit-related financial regulatory issues and asset management concerns, as well as on other regulatory issues.
  • Provide advice on a regular basis to the cleared derivatives business of CGML in respect of its memberships of derivatives exchanges and clearing houses.
  • Advise World Fuel Capital Ltd on a range of regulatory issues, including MiFID II issues, perimeter concerns relating to commodity brokerage exemptions, client categorisation and the impact of Brexit.
  • Advised  ZKB on a range of regulatory issues, including advice with respect to the provision of cross-border services in the UK after Brexit, the scope of the Credit Rating Agencies Regulation and the Securities Financing Transactions Regulation.
  • Advise Standard Chartered on a range of regulatory issues, including regulatory capital, access to financial market infrastructure and market abuse issues.

Macfarlanes LLP

Macfarlanes LLP advises a range of clients including investment banks, institutional asset managers and fund managers, as well as assisting on strategic regulatory work at senior management and board level. In addition to being appointed to the PRA / FCA panel of skilled persons, particular areas of specialism for the firm are its hedge fund and private equity regulatory advisory practices. Andrew Henderson - who recently joined from Eversheds Sutherland (International) LLP - and Paul Ellison are key figures on the non-contentious side, while the contentious team is led by Dan LavenderMatt McCahearty and Barry Donnelly. Their department acts on large, complex regulatory disputes, enforcement actions and investigations. The practice provides clients a full service, from letter of claim through to trial, with in-house advocacy led by Guy Morpuss QC. Also notable are senior counsel Aalia Datoo, who has experience in contentious matters for both international and domestic clients, with particular expertise in complex financial litigation and regulatory investigation matters for banks and financial institutions; and specialist in white collar defence and criminal investigations Neill Blundell, who joined in 2018 from Eversheds Sutherland (International) LLP.

Responsables de la pratique:

Paul Ellison

Les références

‘A longstanding commitment to the asset management sector’

‘Very focused on delivering a high quality bespoke product for hedge fund clients’

‘Paul Ellison is very knowledgeable and provides quick and practical advice’

Principaux clients

Hayfin Capital Management

Salary Finance


Merian Global Investors


Goldman Sachs

Legal & General



Principaux dossiers

  • Advising Old Mutual Wealth (OMW) – now Quilter plc – on the funds and regulatory aspects of its sale of Old Mutual Global Investors (now Merian Global Investors) to private equity house TA Associates.
  • Advised Salary Finance in relation to its joint venture with independent banking group, CYBG plc (which owns Clydesdale Bank, Yorkshire Bank, Virgin Money UK and virtual bank B).
  • Advised Hermes Fund Managers Limited (Hermes) on the sale by BT Pension Scheme (BTPS) of a majority interest in Hermes to Federated Investors, Inc. (Federated).
  • Advised a leading private equity house on the bedding-in of MiFID II to the firm’s business and on preparations for SMCR implementation.

Pinsent Masons LLP

Pinsent Masons LLP’s non-contentious practice covers a range of matters ranging from Brexit and fintech to consolidation and regulatory change projects. The firm also has notable expertise in the asset management and payments spaces. David Heffron leads the team and has a particular focus on regulatory and transactional work for regulated businesses including insurers, wealth managers, banks and brokers. Examples of its work include advising UK investment platform provider AJ Bell on the financial regulatory issues of its £500m IPO and listing on the main market of the London Stock Exchange. Colin Read leads a contentious offering made up of experienced white collar and corporate criminal defence practitioners. The group has a particular speciality for advising on legacy PPI difficulties. Andrew Barber joined from Womble Bond Dickinson (UK) LLP in 2019 and focuses on retail banking and consumer finance. Bruno Geiringer retired in 2018 while payments specialist Tony Anderson left for Eversheds Sutherland (International) LLP .

Responsables de la pratique:

David Heffron

Autres avocats clés:

Andrew Barber

Principaux clients

Standard Life Aberdeen (Standard Life Employee Services Limited)


Aegon UK PLC

AJ Bell

Adidas International Trading B.V.

JRP Group

Railpen Investments

Reinsurance Group of America

Royal London Group

Principaux dossiers

  • Devised and delivered a commercially-focused and efficient model for amending and negotiating hundreds of external fund manager agreements for the Standard Life Wrap and Elevate platforms to reflect the changes needed for MiFID II in a consistent way for Standard Life Aberdeen across all of these fund manager relationships.
  • Assisted Adidas International Trading B.V. on its application for limited permission consumer credit authorisation including completing the FCA application and various ancillary documents accompanying the application.
  • Advised the HUB Financial Solutions business of the Just Group on its strategic annuity referral arrangements with Prudential.
  • Advising Zurich on its disposal, via auction sale, of the leading UK student insurance specialist, Endsleigh, to private equity backed A-Plan.
  • Advised Zurich on the sale of its UK workplace pensions business to Scottish Widows and transfer of that business.

Reed Smith LLP

The Reed Smith LLP Global Financial Regulatory Group combines contentious and non-contentious regulatory specialists from across the firm and is co-led by Chris Borg, Robert Falkner and Charles Hewetson. The firm advises clients such as banks, broker dealers and investment management firms on regulation and compliance matters as well as contentious issues.

Responsables de la pratique:

Chris Borg; Robert Falkner; Charles Hewetson

Autres avocats clés:

David Calligan

Les références

‘Excellent service’

‘They go the extra mile to look for solutions to particularly difficult issues’

‘David Calligan is straight to the point and second to none in ability to understand the issue’

White & Case LLP

The broad expertise offered by the financial institutions group at White & Case LLP includes  multijurisdictional bank restructuring and prudential experience. Led by Stuart Willey, the non-contentious practice was boosted by the arrival of the well-regarded Jonathan Rogers in 2019 from Taylor Wessing LLP . Rogers' areas of expertise include the asset management industry, banks and the payments industry, notably in the technology and fintech space. In addition, Julia Smithers Excell joined in 2018 from JP Morgan and brings expertise advising stakeholders in banking, derivatives and capital markets regulatory areas. John Reynolds and Charles Balmain lead the contentious team, which includes compliance and money laundering work for investment banks in its remit and works closely with the firm’s white collar offering . The contentious team saw significant growth in 2018, with the arrival of regulatory investigations and enforcement expert Chris Brennan from Addleshaw Goddard; contentious regulatory and financial crime specialist Laura Durrant from RBS; experienced litigators Hannah Field-Lowes from Weil, Gotshal & Manges (London) LLP; and Steven Baker from Cadwalader, Wickersham & Taft LLP. Zeena Saleh  is a rising star associate on the disputes side.

Responsables de la pratique:

Stuart Willey

Autres avocats clés:

Jonathan Rogers; Julia Smithers Excell

Les références

‘A very capable team from associates through to partners’

‘Jonathan Rogers is very user friendly and is able to communicate in plain English, while at the same time understanding the technical detail’

‘The team provides commercial advice rather than just pure legal advice’

Principaux clients


Amigo Holdings

Klarna Bank

Itau Group

Principaux dossiers

  • Representing a leading European bank on the impact of Brexit on its regulated entities in the European Economic Area, including its authorised London branch.
  • Representing a leading European financial market entity on the impact of Brexit on its group business.
  • Represented a leading Middle East-based State-owned oil group on the application of the Market Abuse Regulation to its business after a securities listing in the EU.
  • Represented a leading Singapore-based commodities broker on the application of EU MiFIR/MiFID, EMIR and REMIT to its commodity and commodity derivatives trading business.
  • Represented a leading Brazil-based fund manager on the process of registering its non-EU alternative investment fund in the UK.

Baker McKenzie

Baker McKenzie 's financial services team is part of the firm's wider banking & finance practice, which also covers work including acquisition finance and project finance matters, in addition to regulatory and financial disputes work.  In the payment area the firm acts for a range of clients including banks, card issuers and acquirers, as well as payment institutions and e-money issuers, notably in relation to cross-border issues. Mark Simpson leads the team and specialises in multijurisdictional matters related to new product offerings, conduct of business issues, prudential requirements and regulatory reform. The contentious practice is integrated with the non-contentious regulatory department and works across a range of banking and financial services disputes, FCA enforcement cases and internal and external investigations; Jonathan Peddie is well regarded in this area. The  overall finance team has been strengthened by the arrivals of structured finance transactions expert Matthew Dening, who joined the firm from Sidley Austin LLP; Philip Annett, who joined from Allen & Overy LLP and has notable regulatory experience, including stints at the SFO and FCA; and Caitlin McErlane, who arrived from Sidley Austin LLP and specialises in advising fund managers. Arun Srivastava left for Paul Hastings LLP in 2018.

Responsables de la pratique:

Mark Simpson

Principaux clients


Principaux dossiers

  • Advising a large international card issuer and payment institution on the implementation of its Brexit contingency plan.
  • Advising multinational construction company JCB on compliance and Brexit contingency plans.

Dechert LLP

Dechert LLP is particularly well known for its work in the asset management industry, and is also notable for its Brexit-related work. Gus Black leads a team that includes financial services regulatory expert Monica Gogna, who has notable experience advising on issues affecting the provision of cross-border investment services. In a recent highlight, she led the firm's team advising Amun - a special purpose issuance vehicle of the fintech group Amun Technologies - on the establishment of its exchange traded products (ETPs) programme and issuance of the first series of products thereunder. The practice was strengthened by the 2019 arrivals of Marianna Tothova from Ashurst and Thiha Tun from Akin Gump LLP.

Responsables de la pratique:

Gus Black

Autres avocats clés:

Monica Gogna; Marianna Tothova; Thiha Tun

Principaux clients

Amun AG

Waypoint Capital


The Investment Association

Ares Management, L.P.


GIC Private Limited (formerly known as Government of Singapore Investment Corporation)

Generali Investments

Amber Capital

Principaux dossiers

  • Advised the IA working group following the review of the impact of Brexit on investment management.
  • Advised GIC on its role in the acquisition by a Blackstone-led consortium of a majority stake in Thomson Reuters’ Financial & Risk business.
  • Advised Generali on its acquisition of CM Investment Solutions Limited, a London-based alternative asset manager, from Bank of America Merrill Lynch.


Cross-border specialist Dentons is 'responsive, practical' and particularly experienced in transactional regulatory advice, as well as assisting financial institutions from around the globe in relation to Brexit. Michael Wainwright leads the non-contentious practice and has expertise in retail distribution platforms, capital resources requirements, asset protection and insurance. He led in advising Cofunds on the regulatory aspects of a contract with Nationwide Building Society to provide a new investment platform to administer an existing book of retail investments and to support new business. Also notable is the 'excellent and incisive' Jonathan Garforth, who specialises in fintech. The contentious arm of the financial services team acts on a range of issues including investigations, product misselling, whistleblowing and complaints handling. Celyn Armstrong leads the department, which is instructed by regulators as well as banks, asset managers and securities brokers.

Responsables de la pratique:

Michael Wainwright

Autres avocats clés:

Jonathan Garforth

Les références

‘The team is fresh, capable and hungry, nothing is too much and their stamina is amazing’

‘Their knowledge of consumer law, payment services and new cutting edge law is excellent’

‘Take the time to understand goals and objectives’

‘One of the qualities that really stand out is their ability to understand new concepts quickly. They are also fun to work with’

‘Jonathan Garforth is very responsive and conveys complex legal advice in layman’s terms, identifying issues which had not been  considered. He is bright, full of energy and light on his feet.’

Principaux clients

Cofunds Limited

M&G Real Estate

WM Partners

Mobius Life Limited


Vitality Life Limited

Target Global Advisors Limited

Principaux dossiers

  • Advising M&G Real Estate in connection with it’s joint venture with British Land to acquire Fort Kinnaird Retail Park, Edinburgh.
  • Advising WM Partners in connection with the launch of a new fund.
  • Advising Mobius Life on an arrangement to transfer a book of around 13,000 individual pension policies to Scottish Friendly, by means of a court scheme.
  • Advising Natixis Investment Managers on its acquisition of MV Credit Partners LLP.
  • Advising Vitality Life on the launch of its investment proposition.

Fox Williams LLP

The non-contentious practice of Fox Williams LLP advises banks, insurers, asset managers and fintech firms, but has particular expertise in technology related matters including blockchain and cryptoassets. Financial services regulatory specialist Chris Finney leads the team. The contentious practice acts for clients ranging from global financial and legal institutions to senior individuals. The 'first ratePeter Wright focuses exclusively on financial services regulatory issues and leads the department with James Carlton, who specialises in the criminal financial services investigations space, including market manipulation investigations. They can call on the expertise of Sona Ganatra, who has 'incredible knowledge of the area' and advises on financial crime, in particular money laundering, fraud and bribery allegations. Also notable is senior associate Sebastian Sayer, who particularly focuses on criminal and regulatory matters.

Responsables de la pratique:

Chris Finney

Autres avocats clés:

Sona Ganatra

Les références

‘They keep it simple, real and personal’

‘They deliver what is asked for without making it complicated’

‘Strong all rounders with a great depth and breath of knowledge in their specialised area’

‘This fantastic niche team has great expertise in FS non-contentious and contentious work and related investigatory work’

‘They deliver on time and on budget and will always go the extra mile’

‘Chris Finney is very impressive as well as being very personable. It goes without saying he is a subject matter expert’

Principaux clients

eBay Inc.,

Prodigy Finance Limited

Neyber Limited


Creditscript (UK) Ltd

Crypto Global Management Ltd

NedBank Limited

Revolut Limited

Digital Moneybox Limited

Summerway Capital Plc

Osborne Clarke LLP

Particularly strong in the payments and asset management sectors, Osborne Clarke LLP has experience in a range of work, including regulatory advice in relation to financial services M&A and new products. Kate Johnson and Paul Anning lead on the payments side, while Rachel Couter leads the contentious practice, which acts for clients ranging from traditional financial services companies to alternative lenders and fintech providers. The team acts with the approval of the FCA as an Independent Skilled Person in relation to the HSBC customer redress review, relating to the miss-selling of interest rate hedging products.

Responsables de la pratique:

Paul Anning; Kate Johnson

Sidley Austin LLP

Sidley Austin LLP's global practice provides advice across a spectrum of banking and financial services regulation in the US, Europe and Asia. This includes advising clients on EU financial services directives and their implementation in the UK and providing transactional services to financial institutions and businesses with extensive European and international operations. Key names for the firm in this area are co-head of the EU Financial Services Regulatory group Leonard Ng, who has particular experience in advising investment managers and other clients on operating under the post-financial crisis regulatory framework; and Sara George, who arrived from Stephenson Harwood in 2019 and brings experience in UK and international regulatory and criminal investigations.

Akin Gump LLP

Akin Gump LLP specialises in cross-border matters for a range of clients including hedge fund managers, retail banks, brokerages and insurance intermediaries. Helen Marshall leads the overall practice and has particular expertise in regulatory investigations and enforcement proceedings. Her contentious team is experienced in dealing with the The Financial Conduct Authority and the  Prudential Regulation Authority in relation to investigations, information requests, product intervention queries and broader supervisory enquiries. It also works closely with the firm’s non-contentious practice, which advises the financial services industry on regulatory developments and the impact of EU legislation. This side of the practice is led by Ezra Zahabi, who was promoted to partner in 2019. Her group is notable for advice on Brexit, MiFiD II and market abuse issues. Partner Rosemarie Paul, who previously worked at FCA precursor the FSA, left in 2018 for Ropes & Gray LLP.

Responsables de la pratique:

Helen Marshall

Autres avocats clés:

Ezra Zahabi

Les références

‘Insightful, pragmatic, commercial and responsive. I have worked with the team for many years now and have never had anything but good feedback from my own internal team about them.’

‘Helen Marshall is quite simply excellent. A detailed knowledge of the law and regulation; no mean feat in the continuously changing environment, not only of rules but also of the regulators’ application of them, as well as always striking the right chord in her dealings with us.’

Blake Morgan LLP

Blake Morgan LLP 'provides fantastic advice' in regulated mortgage contracts and consumer credit issues in respect of bank lending and security, as well as assessing compliance with consumer credit legislation and FCA rules. Clients include retail banks, insurance companies, IFA networks, insurance intermediaries and individuals. Richard Humphreys leads the team and specialises in financial services work, with particular experience advising equipment finance lessors and motor vehicle financers. Also notable is legal director Felicity Rowan, who specialises in financial services regulatory compliance.

Responsables de la pratique:

Richard Humphreys

Autres avocats clés:

Felicity Rowan

Les références

‘Great in-depth knowledge of the subject and excellent advice’

‘Pragmatic advice, efficient delivery and fantastic partner engagement’

‘Felicity Rowen is very well-informed and intelligent’

‘Richard Humphreys is knowledgeable and commercially aware’

Principaux clients

Investec Asset Finance Ltd (IAF)

Metro Bank Plc

Hitachi Capital UK Plc

Virtual Lease Services Limited

Principaux dossiers

  • Reviewing and revising regulated business overdraft facility terms and conditions for a retail bank.
  • Advised a large insurance intermediary on a Master Services agreement to provide outsourced services.
  • Advising an insurance intermediary on CCA issues and an FCA remediation project.

Burges Salmon LLP

The broad practice of Burges Salmon LLP covers fund and asset management work as well as providing experience in the pensions, insurance and fintech spaces. The non-contentious side is led by innovative transactional specialist Tom Dunn and Kari McCormick, who also leads a contentious offering that has particular expertise in investigations arising from conduct issues. The firm is known as trusted adviser to the Financial Services Compensation Scheme Limited. Sarah Kenshall joined in 2018 from Axiom and is a director in the fintech group.

Responsables de la pratique:

Tom Dunn; Kari McCormick

Autres avocats clés:

Sarah Kenshall

Les références

‘Takes the time to really get to know the issues and is responsive to all requirements’

‘Burges Salmon is exceptional, both in on-going day-to-day funds management matters and more complex investment fund launches’

‘Tom Dunn gives attention to detail and has a rare ability to grasp what the client really needs to know’

Principaux clients

St. James’s Place

All-Wales LGPS Pool

Bank of Ireland UK

Financial Services Compensation Scheme

Marlborough Fund Managers

Investment Fund Services Limited

The Royal London Group including The Royal London Mutual Insurance Society Limited, Royal London Asset Management and Ascentric

J&E Davy (UK) Limited

Ecclesiastical Insurance Group

Mattioli Woods

Principaux dossiers

  • Advised FundRock on the launch of a Local Government Pension Scheme (LGPS) Authorised Contractual Scheme (ACS).
  • Advised on all legal aspects of the launch of St. James’s Place Diversified Assets Fund (a fund of alternative investment funds).
  • Advising The Davy Group on the restructuring of part of the firm’s cross-border activities in preparation for Brexit.
  • Advising the All Wales LGPS Pool on pooling their respective pension scheme assets into a c. £15 billion open ended authorised contractual scheme.
  • Launch of a brand new funeral plan proposition for The Royal London Mutual Insurance Society Limited.

Deloitte Legal

Kemp Little LLP focuses on financial regulation at the intersection between technology and the financial sector. Areas of expertise include fintech, cryptocurrency, blockchain and payments. The firm also has experience in the insurance space, providing a niche practice in insurtech. The team is led by technology expert Jacob Ghanty and was strengthened by the arrival of John Drabble from ACA Compliance in 2019, who specialises in regulatory compliance in the technology area.

Responsables de la pratique:

Jacob Ghanty

Autres avocats clés:

John Drabble

Les références

‘Kemp Little is very easy to deal with’

‘Always very responsive’

Principaux clients

Nesta Enterprises Limited

FleetcorTechnologies/AllstarBusiness Solutions

Xero 2 NoFlux Systems Limited

GP Bullhound

Lloyd’s of London

Project Imagine

PayPoint Plc

Jordan International Bank

Cube Intelligence Limited

Principaux dossiers

  • Appointed as sole legal adviser to Stage 2 of Nesta’s open banking-focused Open Up Challenge.
  • AI-enabled advice for PayPoint Payment Services on the implementation of GDPR.
  • Advising fintech challenger bank Dozens on a range of regulatory issues
  • Advice Jordan International Bank on the SMCR and other regulatory matters.
  • Advised capital markets software provider Murex on ringfencing-related negotiations.

Farrer & Co

'Proactive, sensibleFarrer & Co provides advice ranging from the establishment of regulated businesses and financial promotion rules, to cross-border passporting and SMCR. As well as representing clients from the innovative charity sector and institutional projects, the firm has particular expertise in the asset management and private banking sectors. Practice head Grania Baird has 'a very good understanding of business and the regulatory and legal impacts on it.' She specialises in the asset management sector and acts for asset managers, wealth managers, private banks and multi-family offices on a range of regulatory issues. Notable in her team is Andy Peterkin, who led in acting for Bridgeweave Limited in relation to a financial services AI app, designed to deliver information to other financial services firms on particular stocks and investments.

Responsables de la pratique:

Grania Baird

Autres avocats clés:

Andy Peterkin

Les références

‘Farrer & co understands the needs of the client and is able to come up with pragmatic solutions’

‘Flexible and provide good communication when undertaking any tasks’

‘Their breadth and depth of knowledge enables them to respond to all enquiries no matter how diverse’

‘Grania Baird has the helicopter view of everything that is being undertaken and ensures there is no duplication’


Principaux clients

CCLA Investment Management Limited

Arbuthnot Latham & Co., Limited

Thesis Unit Trust Management Limited and TUTMAN LLP

Aubrey Capital Management Limited

Rathbone Unit Trust Management Limited

Bridgeweave Limited

Oxford University Endowment Management Limited

C. Hoare & Co

Omnis Investments Limited

Sandaire Investment Office (trading name of Sand Aire Limited)

Principaux dossiers

  • Acted for Bridgeweave Limited in relation to a financial services AI app designed to deliver information to other financial services firms on particular stocks and investments, including the regulatory aspects of the product launch.
  • Acting for Thesis Unit Trust Management Limited and TUTMAN LLP in relation to new fund applications, fund mergers and a number of other changes to funds.
  • Acting for Oxford University Endowment Management Limited (OUEM) on the restructuring of The Oxford Funds, which also involved the establishment of new vehicles and the introduction of a master feeder structure.
  • Acting for CCLA on its MiFID II implementation project.

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP has a practice that focuses on  fund management advice for private and offshore funds. Gregg Beechey leads the London practice, which works closely with the firm’s US team. He has particular expertise in advising on alternative investment funds and the EU Alternative Investment Fund Managers Directive (AIFMD). The department represents Goldman Sachs’ Investment Management Division and Merchant Banking Division on the full range of their fund formation and structuring activities.

Responsables de la pratique:

Gregg Beechey

Les références

‘The Fried Frank team is unique in that it combines exceptional skills, track record and competencies in a multi-practice environment combining fund formation with regulatory and tax’

‘A very efficient one-stop shop’

‘Gregg Beechey is one of the very few lawyers in the City who excels in European fund regulatory work’

Principaux clients

Bain Capital / Bain Capital Credit

BlackRock Investment Management

BlueBay Asset Management

Brookfield Asset Management

Goldman Sachs

iCON Infrastructure


Permira / Permira Debt Managers

Palatine Private Equity


Principaux dossiers

  • Acted as counsel to EverSource Capital (“EverSource”) on the launch of the Green Growth Equity Fund (“GGEF”), an infrastructure and green growth capital fund based in Mumbai, established in partnership with the UK Government Department for International Development (“DFID”) and India’s National Investment and Infrastructure Fund (“NIIF”).
  • Representing Goldman Sachs’ Investment Management Division and Merchant Banking Division on the full range of their fund formation and structuring activities, including fund-raisings across asset classes, managed accounts, funds of one, funds-of-funds and secondary investments.
  • Works on a large number of European-led mandates for BlackRock.

Gowling WLG

Gowling WLG has particular experience in consumer credit and retail finance as well as capital markets, fund regulation and payment services. The firm also provides expertise in fintech, advising on the regulatory aspects of new technologies including blockchain. Practice head Ian Mason joined the firm in 2018 from DLA Piper and advises on a broad range of financial services regulatory issues, non-contentious and contentious. He has significant experience in regulatory investigations, in enforcement and on the defence side. On the contentious side he leads with expert litigator James Sidwell and their team has experience advising institutions and individuals on responding to regulatory investigations and FCA/PRA enforcement issues, including those related to anti-bribery, corruption and mortgage fraud.

Responsables de la pratique:

Ian Mason

Les références

‘Ian Mason is excellent’

‘Ian Mason has a deep-seated knowledge of how the regulator approaches matters. A pleasure to work with, he is highly diligent and collegiate in his approach’

Principaux clients

Andrews Sykes Group plc

Nebulous Inc.

Blue Star Capital

Volkswagen Financial Services


Model T Finance Company

Gravis Capital Partners


Pacific Capital Partners

AEW UK Investment Management

M&G Alternatives Investment Management Limited

Excelsior Insurance Company (part of Compass Group Plc)

Draper Esprit plc

Empiric Student Property plc

Peel Hunt

Transport for London


Principaux dossiers

  • Ongoing advice to Andrews Sykes Group plc on corporate and financial services regulatory matters.
  • Security token offering for Nebulous Inc.
  • Advising Blue Star Capital  on reverse takeover of SatoshiPay Ltd.
  • Advice to Volkswagen Financial Services and Audi on an innovative business model.
  • Providing Model T Finance Company with regulatory advice and guidance for its application to the PRA for a banking licence.

K&L Gates LLP

K&L Gates LLP 's regulatory team has a particular focus on the funds industry, with its transatlantic presence positioning it well for regulatory work in this area.  The 'commercial and practicalMichelle Moran specialises in advising global clients on regulatory aspects of the establishment, authorisation, and management of retail and institutional investment funds. The team assisted Federated Investors on its acquisition of a majority interest in Hermes Investment Management, including the regulatory implications of the matter. The firm also has an integrated boardroom risk offering covering all aspects of legal, regulatory and compliance risk . On the contentious side, former team head Christine Braamskamp left for Jenner & Block last year.

Responsables de la pratique:

Michelle Moran

Les références

‘The team understands the pressures of business and why certain solutions may not be workable in practice’

‘K&L Gates put together a team that is knowledgeable of market terms, structures and practices in connection with stock acquisitions, effective in negotiating purchase agreement terms, and effective in communicating with the FCA and other regulators and obtaining required regulatory approvals’

‘Michelle Moran is an exceptional lawyer and has the benefit of several years as an in-house lawyer, which distinguishes her from many of her peers as she is able to fully understand her clients’ goals as well as the internal pressures they face’

Principaux clients

Federated Investors

RS Energy

Nordea Group

Stobart Capital and Andrew Tinkler

CVC Capital Partners

Liquidnet Limited

Principaux dossiers

  • Advising Federated Investors on EU money market fund reform.
  • Providing RS Energy with regulatory advice in relation to its business of selling bespoke energy research to UK customers.
  • Advising Federated Investors on MiFID II implementation.
  • Advising Liquidnet on a comprehensive UK Brexit-preparedness study detailing extensive trading solutions post-Brexit from a regulatory perspective, for industry-wide distribution.
  • Advising various Nordea group companies on their Brexit strategy for continuing to navigate financial services regulation across Europe to maintain business operations.


Katten's experienced finance and regulatory team works across its US, London and Shanghai offices, representing a range of financial institutions, including banks, financial holding companies and investment funds. John Ahern leads the London financial services group and focuses on banking and financial services regulation. Also notable for the firm in this area are Nathaniel Lalone, Neil Robson, Carolyn Jackson and David Brennand.

Responsables de la pratique:

John Ahern

King & Spalding LLP

King & Spalding LLP’s non-contentious financial services practice focuses on market abuse regulation, securitisation and hedge funds, with particular experience within the insurance and asset management sectors. On the contentious side, the firm is known for acting in Senior Managers and Certification Regime and white collar crime related matters. The team was strengthened by the 2018 arrivals of Aaron Stephens, from Bryan Cave Leighton Paisner LLP, who has expertise in representing financial institutions, corporate clients and senior individuals in highly sensitive litigation and investigations; and former Head of Enforcement at the Bank of England / Prudential Regulation Authority, Robert Dedman, who joined from Navigant.

Orrick, Herrington & Sutcliffe (UK) LLP

Orrick, Herrington & Sutcliffe (Europe) LLP is known for advising on the niche area of fintech regulation, including the regulation of crowd funding platforms, payment firms, wealth management platforms, blockchain applications and crypto assets. Financial innovation and fintech specialist Jacqui Hatfield leads a practice that also has expertise in the area of transatlantic payments law. In a recent highlight, the firm advised Revolut on a financing round.

Responsables de la pratique:

Jacqui Hatfield

Principaux clients

Bank of Kuwait


Vitruvian Partners LLP


Microsoft Corporation

MFM Investments Ltd

Property Partner


OakNorth Bank

The Reserve



Ehabitation Ltd

Finverity Ltd

True Potential Wealth Management LLP

BTON Financial Limited

Principaux dossiers

  • Advised Barking Dog Ventures Limited (t/a DogBuddy) on its acquisition by Rover.This included providing specialist regulatory support on the transaction, including change of control, regulatory due diligence and drafts of regulatory warranties and indemnity.
  • Advised Stripe, Inc and Goodwater Capital, on participating in a Series E financing, led by General Catalyst in UK-based challenger bank Monzo, developer of a banking application designed to make a bank as smart as a phone.
  • Advised Vitruvian Partners LLP on its investment in German credit comparison portal Smava GmbH.
  • Advised ShapeShift, a leading US crypto asset exchange that supports dozens of blockchain tokens, including Bitcoin, Ethereum, Monero and Zcash, on regulatory compliance related to AML/BSA and securities laws.
  • Advised Swedish investment firm Kinnevik as lead investor in the Series B financing round of Monese.

Paul Hastings LLP

The 'quite brilliantPaul Hastings LLP covers a range of work in the financial services sector from funds and securitisation to payments, fintech and cryptocurrency. In addition, the firm has notable expertise in financial crime work and money laundering cases. Contentious and non-contentious practice head Arun Srivastava is 'incredibly intelligent and extraordinarily commercial.' He arrived from Baker McKenzie in 2018 and focuses on assisting regulated firms comply with evolving regulation, particularly in relation to innovation in the fintech space.

Responsables de la pratique:

Arun Srivastava

Les références

‘Extremely commercial in their approach, and always deliver good advice on time and on budget’

‘Arun Srivastava is one of a kind and has one of the best financial services regulatory minds I have ever seen’

‘Arun Srivastava is a market leader in the FS regulatory space. He has excellent knowledge of investment services, payment services and other financial services regulatory issues, and is extremely adapt at client management’


Traditionally known for acting for banks and individuals within banks, RPC has increasing experience in the insurance space. On the contentious side, In addition to being on the FCA's Skilled Persons Panel for Conduct, the firm has expertise in crime and corruption matters. In a recent example, the practice represented Sports Direct in relation to a privilege dispute with the Financial Reporting Council. Jonathan Cary and Parham Kouchikali lead a team that has added white collar crime expert Sam Tate and managing consultant Toby Lamarque, who has particular experience with the SFO. Also notable in the team is associate Lucy Kerr, who focuses on defending financial services firms and their senior management in FCA enforcement actions.

Schulte Roth & Zabel International LLP

Schulte Roth & Zabel International LLP focuses exclusively on buy-side work, specialising in regulatory advice for broker-dealer groups, asset management groups and hedge fund managers. The firm is also known for its cross-border and market abuse expertise. The 'brilliant legal mindJosh Dambacher focuses on corporate, securities and regulatory matters. He leads the team with Christopher Hilditch, who specialises in acting for entrepreneurial and institutional investment managers, other financial services firms and investment funds. The 'excellent' Anna Maleva-Otto leads on much of the team's key work, advising advising asset managers, brokers and proprietary trading firms on a wide range of regulatory matters. Emily Brown joined in 2018 from Macfarlanes LLP and brings expertise in private equity and venture capital.

Responsables de la pratique:

Josh Dambacher; Christopher Hilditch

Autres avocats clés:

Anna Maleva-Otto

Les références

‘Go-to hedge fund legal team’

‘Unrivalled knowledge and experience in corporate legal matters pertaining to the hedge fund sector’

‘They make themselves available even at awkward times, and always meet external deadlines’

‘Josh Dambacher is quite simply the best in the hedge fund business. Cool, calm and collected’

‘Anna Maleva-Otto is excellent – highly responsive, well informed and pragmatic in her advice, and a pleasure to work with.’

‘Anna Maleva-Otto is always thoughtful on regulatory matters and is helpful in supporting our compliance efforts, providing an external point of reference on topics where we often dealing in shades of grey.’

Principaux dossiers

  • Advised a US-headquartered broker-dealer and asset management group on the application of GDPR.
  • Advised several US-headquartered asset manager groups with UK affiliates on Brexit planning and conduct of regulated investment activities in the EU.
  • Advised a UK-based asset manager on the application of the Market Abuse Regulation and the design of internal policies and controls.
  • Advised a UK-based fund manager on the establishment of a new business conducting proprietary trading in OTC derivatives.

Taylor Wessing LLP

With a focus on technology Taylor Wessing LLP is best known in the wealth management, funds, private banking, fintech and consumer lending sectors. Senior counsel Christopher Ratcliffe is notable in this area. On the contentious side the firm has experience in high profile regulatory investigations and is called on by major banks to represent senior executives in relation to LIBOR/FX and other market and product investigations. The team also works closely with the firm’s corporate crime and fraud unit in a financial services context. Andrew Howell advises on commercial and corporate disputes in the financial services and professional services sectors, specialising in claims and regulatory investigations involving the financial services and accountancy professions. He co-leads the practice with Laurence Lieberman, who has particular expertise in the resolution of financial disputes and regulatory investigations. The department is acting for professor Russel Griggs, an independent reviewer appointed by Lloyds Banking Group, in consultation with the FCA, in the review and redress programme for SME customers impacted by the multimillion pound fraud that took place at the bank. Former non-contentious head Jonathan Rogers left the firm in 2019 for White & Case LLP.


TLT provides a range of expertise in the retail sector, from FCA processes and rule interpretations, to investment management and pensions related work. Non-contentious co-head Noline Matemera is 'extremely responsive' and specialises in advising on the retail aspects of the FCA's conduct of business requirements, as well as regulatory processes and structures. On the contentious side, the firm is known for its experience in payments fraud advice, whistleblowing and miss-selling cases. Andrew Lyon specialises in complex financial services disputes including professional negligence and fraud claims, corporate recovery and bank security issues. He co-leads the team with Russell Kelsall, who is 'a go to person for training and understanding key issues,' and focuses on consumer credit, regulated mortgages, payment services and savings issues. Michael Ruck joined from Pinsent Masons LLP and handles investigations and enforcement. Michael Isaacs left to work for BT’s in-house team.

Responsables de la pratique:

Noline Matemera; Russell Kelsall

Les références

‘The practice is able to assist with non-mainstream requests for advice’

‘Quick and commercial advice’

‘Noline Matemera is very helpful and knowledgeable in assisting with identifying needs and drawing attention to nuances in risk’

‘Russell Kelsall is extremely personable and is able to explain complex areas of law in a simple way’

Principaux clients

Royal Bank of Scotland

Santander UK plc

Lloyds Banking Group

Standard Advisory Limited (part of Standard Bank)

Mattioli Woods plc

Curtis Banks

Suffolk Life

FCE Bank plc

Principaux dossiers

  • Worked to secure client’s FCA registration as one of the first Account Information Service Providers (AISPs) in the UK.
  • Instructed by a Swedish headquartered bank passporting into the UK on its proposed arrangement to offer a savings product to UK customers via an online platform established and operated by a third party.
  • Instructed to assist with the legal aspects of a Dutch bank’s application for authorisation as a subsidiary in anticipation of the UK leaving the EU.
  • Instructed to collate and update a bank’s Business and Personal Account Terms and Conditions and KPIs, covering savings accounts and ISAs as part of a bank-wide digitisation project.
  • Acting for a major UK clearing bank’s Investment Products & Services division to review and amend a number of sub-investment management agreements across a range of fund umbrellas.

Womble Bond Dickinson (UK) LLP

Womble Bond Dickinson (UK) LLP provides a broad range of financial services advice including on prudential regulation, consumer credit matters,  regulated mortgage contact matters, investment funds and financial crime prevention. In addition, the firm has expertise in the increasingly important area of payment service and electronic money regulations. Practice head Jonny Williams joined from Lloyds Banking Group in 2018 and has notable experience advising in relation to financial services products and lending, authorisation and conduct of business issues. He leads a team that also saw the 2018 arrival from Ashurst of banking specialist Matt Williams, who brings expertise in loan portfolio sales and acquisitions. Partner Andrew Barber left for Pinsent Masons LLP in 2018.

Responsables de la pratique:

Jonny Williams

Autres avocats clés:

Matt Williams

Les références

‘Deep understanding of the regulations and experience dealing with regulators, combined with good commercial acumen’

‘The team has the ability to apply regulations to practical business situations’

‘Extremely personable and approachable with a practical attitude’

Principaux clients


Sainsbury’s Bank plc

B&Q plc

AIG Europe Limited

Brewin Dolphin Limited

Quilter PLC (Old Mutual Group)

Stewart Title Ltd

The National Trust for Places of Historic Interest or Natural Beauty

Vertu Motors PLC

Post Office Limited