Leading Partners

Firms To Watch: Financial services: contentious

Under the leadership of Ian Ryan, Howard Kennedy LLP continues to develop its regulatory, criminal and civil enforcement offering, representing clients before regulatory and law enforcement agencies on matters such as market manipulation, AML failings, skilled person reviews, and regulatory investigations by the FCA, SFO, PRA, and HMRC.
Headed by Tim Thomas, Richardson Lissack is credited for ‘strength in depth with key players with experience from within the regulators’, advising on a variety of regulatory investigations and enforcement actions, including defending individuals under FCA investigation for insider dealing, representing authorised firms facing supervisory notices, and handling complex disputes involving CIFAS fraud database markers and account closures.

Financial services: contentious in London

A&O Shearman

The contentious team at A&O Shearman represents leading financial institutions through complex, sensitive, and high-stakes regulatory, criminal and investigative matters. The firm’s stellar roster of clients spans a myriad of sectors, from traditional financial institutions such as banks, building societies, insurers, and asset managers, to more specialised and emerging entities including credit reference agencies, cryptocurrency exchanges, wealth management firms, and tech companies. Practice co-head Mahmood Lone, newly appointed as London Head of Litigation & Investigations, has standout experience in cross-border investigations into market abuse and benchmark rate manipulation. Fellow co-head Calum Burnett is a go-to adviser for high-stakes regulatory investigations, acting for the world’s leading financial institutions on contentious matters spanning market abuse, insider dealing, financial crime, and cultural failings; he is particularly sought after for his expertise in navigating FCA enforcement actions, internal investigations, and the SMCR. Eve Giles is a seasoned criminal defence lawyer with a standout practice in financial crime and cross-border regulatory investigations, advising major financial institutions and senior executives on matters ranging from market abuse and insider dealing to tax evasion and misconduct in public office. Lauded as a ‘safe pair of hands and very client friendly’, Sarah Hitchins is a trusted adviser to top-tier financial institutions, specialising in high-profile regulatory and internal investigations involving financial crime controls, consumer misselling and breaches of VREQs. Thomas Donegan has a broad practice, advising global banks and financial institutions on enforcement actions, financial services disputes, and investigations into anti-money laundering, sanctions breaches and cyber incidents. Arnondo Chakrabarti maintains a high-profile regulatory investigations and banking litigation practice.

Responsables de la pratique:

Mahmood Lone; Calum Burnett


Autres avocats clés:

Eve Giles; Sarah Hitchins; Thomas Donegan; Arnondo Chakrabarti; Emily Barrett


Les références

‘The team led by Sarah Hitchins is very strong in the contentious regulatory space. A safe pair of hands and very client friendly.’

‘Sarah Hitchins is very strong in this space; personable and very easy to work with.’

‘A very able and cohesive team. Provide excellent coverage of financial services litigation and contentious regulatory matters.’

Principaux dossiers


Ashurst

Enhanced by its close collaboration with the non-contentious regulatory team, the ‘very responsive, practical and outcomes focused’ contentious team at Ashurst combines a deep understanding of regulatory matters, with in-house regulatory body and banking experience, supporting banks and hedge funds in investigations and enforcement matters, including market abuse, governance and SMCR issues, systems and controls failures, financial crime risks, and whistleblowing. Team head Nathan Willmott draws on decades of experience representing senior management — including CEOs, CROs, general counsel, heads of compliance, and non-executive directors — as well as financial institutions in FCA and PRA investigations on both a personal and corporate level. Willmott is particularly skilled in multi-jurisdictional enforcement investigations, skilled person reviews, SMCR and governance matters, whistleblower and internal investigations, and related litigation. Adam Jamieson advises financial services firms and senior individuals on FCA and PRA investigations, drawing on his experience from an FCA secondment. Tom Connor is well-versed in regulatory investigations, market abuse, and high-profile disputes, including derivatives, structured products, and wealth management claims.

Responsables de la pratique:

Nathan Willmott


Autres avocats clés:

Adam Jamieson; Tom Connor; Philip Linton


Les références

‘Philip Linton has become a ‘o-to partner for us across various matter types, including contentious financial services matters, due to his extensive knowledge of our business through his prior in-house experience at a competitor and his legal expertise. He is highly responsive, proactive and pragmatic. He is very personable and easy to work with.’

‘A great team with a combination of technical and practical knowledge. Excellent delivery.’

‘Very responsive, practical and outcomes focused.’

Principaux clients

Bank of England


Close Brothers Asset Management


Daiwa Capital Markets Europe Limited


Emirates NBD Bank


Emirates Islamic Bank


eToro


GLAS Trust Corporation Limited


Goldman Sachs International


Lloyds Banking Group


Nomura International plc


Punter Southall Group Limited


Specialist Lending Ltd t/a Duologi


Stifel Nicolaus Europe Limited


StoneX Financial Limited


Principaux dossiers


Clifford Chance LLP

Clifford Chance LLP remains at the forefront of regulatory, investigations and financial crime work. Its ‘highly experienced’ team is a key port of call for high-profile financial services clients, as well as a number of corporate clients across sectors including aerospace, healthcare, defence, electronics and tech. The scope of the team’s work is broad, from precedent-setting PRA and FCA investigations to sanction prosecutions and criminal proceedings under money laundering regulations. Increasingly, the group is also applying its contentious expertise to ESG, corruption, and fraud issues. The ‘experienced and pragmatic’ Dorian Drew co-heads the practice, leveraging decades of experience in high-stakes regulatory investigations and enforcement action. Drew leads the team alongside the ‘extremely capable…considered and conscientious’ Oliver Pegden, who is regularly instructed on complex regulatory enforcement matters, including high-profile FCA and PRA investigations into insider dealing, gilt market manipulation, and dividend arbitrage schemes; Pegden also leads sensitive internal investigations involving data sharing within investment banks. Kelwin Nicholls advises across a broad spectrum of contentious regulatory matters, from precedent-setting investigations in the blockchain sector to multi-agency proceedings involving complex allegations of misconduct. Michael Lyons brings deep expertise in financial crime and regulatory enforcement, routinely advising institutions on high-stakes investigations involving sanctions, AML breaches, export controls, and bribery concerns. Samantha Ward combines expertise in competition litigation and contentious regulatory enforcement, frequently supporting financial institutions in high-profile investigations spanning cartel conduct, systems and controls failures, and financial market integrity.

Responsables de la pratique:

Dorian Drew; Oliver Pegden


Autres avocats clés:

Kelwin Nicholls; Michael Lyons; Samantha Ward; Sophie Cunliffe


Les références

‘Very strong, all-round excellence.’

‘Highly experienced team. The partner and senior associate we have worked with understand the sector and the issues faced by clients in that sector, including regulatory focus.’

‘Dorian Drew is highly experienced, pragmatic, and commands respect from clients.’

Principaux dossiers


Herbert Smith Freehills Kramer LLP

A go-to firm for high-profile, complex and often cross-border matters, the ‘stellar’ team at Herbert Smith Freehills Kramer LLP represents well-known financial institutions in enforcement, outsourcing, operational resilience, consumer duty, accountability reviews and market disclosures. The group’s established client roster includes high-profile banks, investment banks, asset managers, and institutions in insurance and broking. Credited for his ‘practical orientation and a measured approach’, practice head Hywel Jenkins is a key port of call for financial institutions on all aspects of FCA and PRA engagement, with a strong track record in steering firms through complex enforcement, skilled person reviews, and internal investigations. Jenkins is particularly noted for his expertise in consumer redress, and FOS matters, as well as governance issues tied to the Senior Managers Regime. Leading the global financial services practice, Jenny Stainsby excels in representing multinational institutions facing complex regulatory investigations and enforcement action. She regularly advises on skilled persons’ reviews, conduct issues, and the senior managers regime across EMEA, the US and APAC. Chris Ninan supports major banks on high-profile contentious regulatory matters, including FCA and PRA enforcement, internal investigations, and FOS interactions. Jon Ford leverages in-house investment bank regulatory experience to advise on enforcement, litigation, and investigations, notably handling cross-border FX probes and significant debt capital market disputes with regulators, including the FCA, DOJ, and SEC. Other names to note include Susannah Cogman, Karen Anderson, Tim Parkes, and Andrew Proctor.

Responsables de la pratique:

Hywel Jenkins; Jenny Stainsby


Autres avocats clés:

Chris Ninan; Jon Ford; Susannah Cogman; Karen Anderson; Tim Parkes; Andrew Proctor; Nic Patmore; Jack Moore


Les références

‘HSF has a stellar FS disputes team, and we couldn’t be happier with them as a firm. They have incredible market knowledge and comprehensive expertise and are our absolute go-to for high-stakes FS disputes and regulatory investigations. Their advice is always spot-on and incredibly insightful. The team is not only highly professional and dependable, but also a true delight to work with. Their knowledge bulletins, updates, and podcasts are consistently timely and enlightening.’

‘Jon Ford possesses extensive knowledge of regulatory expectations for FS firms, delivering commercial and pragmatic legal advice that is both detailed and easy to understand.’

‘Nic Patmore exemplifies the ideal senior associate: sharp, proficient, and diligent. He efficiently handles urgent instructions, promptly providing exactly what is needed.’

Principaux clients

Ardonagh Group Limited


Baillie Gifford


Binance


Clearbank Limited


Goldman Sachs International


National Australia Bank (NAB)


N Brown Group / J.D. Williams & Company Limited


Pool Re


PricewaterhouseCoopers


Royal Bank of Scotland Group plc


Standard Chartered Bank


Tandem Money Limited


TSB Bank plc


UK Finance


Vanquis Bank Limited


Willis Towers Watson


Ardonagh Group Limited


Baillie Gifford


Binance


Clearbank Limited


Goldman Sachs International


National Australia Bank (NAB)


N Brown Group / J.D. Williams & Company Limited


Pool Re


PricewaterhouseCoopers


Royal Bank of Scotland Group plc


Standard Chartered Bank


Tandem Money Limited


TSB Bank plc


UK Finance


Vanquis Bank Limited


Willis Towers Watson


Principaux dossiers


  • Advising TSB in relation to an Enforcement investigation by the FCA into the bank’s collections and recoveries function.
  • Advised a global firm in relation to an investigation regarding a historical audit conducted by the client and an alleged failure to report suspicions of fraud to the FCA as required by a specific statutory obligation.
  • Advising a large institution in respect of a s.166 Skilled Person’s Review, providing both strategic advice and practical operational support for the wide-ranging review into the firm’s anti-money laundering systems and controls.

Linklaters LLP

Boasting a deep bench, enhanced by the presence of numerous ex-FSA, FCA and PRA enforcement lawyers and in-house banking lawyers, Linklaters LLP is well-equipped to handle the full range of complex, high-profile, and multi-jurisdictional regulatory matters. The firm's regular workload covers reputational risk, market misconduct, and senior management accountability. The team is headed by Nikunj Kiri advises clients through high-risk contentious matters, from managing FCA and PRA investigations into systems and controls breaches and insider dealing, to steering internal reviews, whistleblowing inquiries, and enforcement proceedings before the RDC and Upper Tribunal. Alison Wilson, noted for her litigation experience, works with various top-tier financial institutions on FCA and SFO investigations, internal inquiries into culture and conduct, section 166 reviews, and enforcement work spanning AML failings, arrears handling, and customer remediation. Head of the firm's investigations arm, Gavin Lewis is a key contact for prominent corporates, financial institutions, and funds, who turn to him for his experience in multi-jurisdictional enforcement investigations spanning the UK, Asia-Pacific, Europe, and the US. Other significant figures within the team include ex-FCA managing director Clare McMullen; Elizabeth Dowd, who brings deep expertise in regulatory enforcement investigations into firms and individuals; and Ben Packer, whose capabilities extend across the worlds of tech, financial services, and sports.

Responsables de la pratique:

Nikunj Kiri


Autres avocats clés:

Alison Wilson; Gavin Lewis; Clare McMullen; Elizabeth Dowd; Ben Packer; Sara Cody; Jankee Gohil


Principaux dossiers


Bryan Cave Leighton Paisner

Drawing upon a ‘strong contentious regulatory experience’, Bryan Cave Leighton Paisner provides ‘calm, considered and professional’ advice to global financial institutions, investment exchanges, and corporates under investigation by the FCA and PRA, with noted expertise in complex capital markets trading investigations, internal investigations and consumer regulatory enforcement. Praised as ‘the go-to lawyer for regulated firms in difficulties’, practice head Polly James is noted for her capabilities in cross-border investigations for international banks, financial institutions, and senior management, with extensive experience handling internal investigations, whistleblower complaints, and regulatory interactions. David Rundle represents individuals and firms in regulatory enforcement and criminal investigations, advising on cases involving market manipulation, insider dealing, money laundering, systems and controls failures, and senior management under SMCR, as well as cross-border SFO investigations beyond financial services. ‘Powerhouse’ Marc Thorley boasts extensive experience in litigation, investigations, and regulatory matters, representing a wide range of clients, including banks and buy-side firms. Oran Gelb is a seasoned litigator and investigations lawyer who handles complex, cross-border litigation and investigations, representing institutions and individuals across the wholesale financial markets, technology, and telecom sectors.

Responsables de la pratique:

Polly James


Autres avocats clés:

David Rundle; Marc Thorley; Oran Gelb; Joseph Ninan; Joanna Munro


Les références

‘I found the team were practical yet empathetic – they knew this mattered to me and worked hard to find the best way to get the answer I sought, particularly when we had to engage with the other party – they made sure I was appropriately prepared and provided great support in meetings – very calm, considered and professional.’

‘Polly James is hugely impressive. Polly has a fabulous corporate client base and a superb reputation in this space. She is the go-to lawyer for regulated firms in difficulties.’

‘Joanna Munro is a very promising up-and-coming associate.’

Principaux dossiers


CMS

Credited for the breadth of its expertise, the ‘very responsive, thoughtful and commercial’ team at CMS are active in all key buy-side and sell-side markets, representing banks, fund managers, insurers, and wealth managers on FCA and PRA enforcement investigations, regulatory interventions, and remediation projects, using their unique experience with skilled persons appointments to help clients respond effectively to regulatory challenges. Practice head, Ash Saluja, is praised for providing ‘deep insight into regulator practice and procedure’. Simon Morris leverages his deep expertise in supporting financial institutions through high-stakes investigations and disciplinary actions, frequently acting in FCA, PRA, and international regulatory proceedings. Alison McHaffie is a seasoned regulatory lawyer who works with a range of banks, insurers, fund managers, lenders, and advisers on FCA, PRA, and cross-border investigations, supervisory interventions, skilled person reviews, and high-stakes governance issues. Experienced in all facets of the enforcement process, Elisabeth Bremner represents financial institutions and senior executives on investigations, enforcement actions, and Skilled Persons reviews, often under intense public and regulatory scrutiny.

Responsables de la pratique:

Ash Saluja


Autres avocats clés:

Simon Morris; Alison McHaffie; Elisabeth Bremner; Tom Dane; Robert Dedman; Bill McCaffrey; Billy Bradley


Les références

‘Very responsive, thoughtful and commercial, and great at providing partner time.’

‘Tom Dane gives excellent, clear advice. Very good to work with.’

‘Robert Dedman offers a great perspective and pragmatic advice’

Principaux dossiers


Dentons

Leveraging its global reach, Dentons is well-placed to advise on both domestic and cross-border investigations. Credited for its ‘truly collegiate approach’, the team handles regulatory and dual track investigations for a wide array of financial institutions, asset managers, banks, insurers and brokers. Praised for her ‘solid all-round knowledge’, Katharine Harle regularly handles cross-border matters involving multiple regulators. Her workload covers enforcement actions concerning market misconduct, financial crime, CASS breaches, systems and controls failings, Principle 11 breaches, complaints handling, and governance failures. Louisa Caswell‘s recent workload has focused on regulatory regimes involving consumer redress, as well as high-profile judicial review challenges. Zeena Saleh’s focus encompasses systems and controls failures, corporate governance reviews, market abuse, insider dealing, financial crime, and non-financial misconduct, frequently supporting clients facing stringent regulatory supervision. The firm has been strengthened by the arrival of partners Andrew Barber from Pinsent Masons, and Joanna Dimmock from Paul Hastings.

Responsables de la pratique:

Katharine Harle; Louisa Caswell


Autres avocats clés:

Zeena Saleh; Felicity Ewing; Lara Seabourne; Katy Macaskill; Tom Leyland; Andrew Barber; Joanna Dimmock


Les références

‘Felicity Ewing, Lara Seabourne and Katy Macaskill have a detailed knowledge of financial services litigation, and assess litigation risk with a close attention to detail and a keen understanding of their clients’ interests. They also operate effectively and efficiently as a team. For FSCS work, they are excellent.’

‘Made strides in this area in past few years; good on client liaison.’

‘Katherine Harle has solid all-round knowledge.’

Principaux clients

FCA


FSCS


Liontrust Asset Management


Principaux dossiers


  • Acting for the FCA in the high-profile judicial review brought by the All-Party Parliamentary Group on Fair Business Banking, challenging the FCA’s decision not to seek to compel retail banks to provide further redress to the 2012/13 Interest Rate Hedging Products Redress Scheme.
  • Advising FSCS in connection with a matter relating to the collapse of Active Wealth which was heavily involved in the British Steel Pension Scheme.
  • Acting for FSCS in connection with the collapse of a number of financial services firms which have recently entered into special administration under the Investment Bank Special Administration (England and Wales) Rules 2011.

Eversheds Sutherland (International) LLP

Housing a ‘highly competent, very knowledgeable and responsive’ team, Eversheds Sutherland (International) LLP advises across regulatory and financial crime investigations, compliance, risk advisory and enforcement matters, underpinned by the team’s experience in in-house roles at regulatory bodies and major international banks. Gregory Brandman represents financial institutions and senior managers in complex regulatory investigations and disputes, covering issues from market abuse to mis-selling and control failures, while also acting in high-stakes commercial litigation across the financial sector. Claire Carroll leads on complex pensions disputes and regulatory investigations, advising trustees and employers on everything from professional negligence claims to whistleblowing reviews and FCA enforcement. Kari McKormick, a seasoned litigator, defends accountancy firms and auditors in civil disputes and regulatory investigations. Julia Neal is a key port of call for both firms and senior individuals in complex regulatory investigations, including those involving mis-selling, market abuse, and financial crime systems failings.

Responsables de la pratique:

Gregory Brandman; Kari McCormick; Julia Neal


Autres avocats clés:

Claire Carroll; Hayley Astles; Jess Hambly


Les références

‘They have been involved in many, if not most, of the recent FCA settlements with financial services companies over AML failures. They are one of, if not the go-to firm for corporate contentious financial services work.’

‘Gregory Brandman is undoubtedly one of the best in the market, able to shepherd these year-long matters from initial enquiries, through investigations, to high-stakes resolution negotiations and, if necessary, litigation, always securing excellent outcomes for his clients.’

‘Hayley Astles and Jess Hambly are stand-out associates.’

Principaux clients

Metro Bank PLC


First Rand Bank


Principaux dossiers


  • Represented Metro Bank PLC as defence counsel in an enforcement investigation by the UK Financial Conduct Authority into alleged deficiencies in the bank’s financial crime systems and controls, which led to the imposition of a financial penalty of £16.675 million on the bank in November 2024.
  • Act as legal counsel to First Rand Bank (London Branch) in the appeal to the UK Supreme Court (listed for April 2025) by two motor finance providers (Close Brothers and First Rand Bank) against the judgment of the Court of Appeal in the linked cases of Hopcraft, Johnson and Wrench which found that motor dealers owe fiduciary duties to customers seeking to buy a car from them where the motor dealer also helps the customers to arrange a loan to buy the car.

Freshfields

Regarded as a ‘star team’ in the regulatory space, Freshfields remains active on big-ticket matters, from regulatory investigations to enforcement actions with high-profile reputational stakes, showcasing expertise in cyber, ESG, and sanctions. The team is jointly headed by Sarah Parkes, Simon Orton, and Piers Reynolds. Orton is recommended for experience in acting for financial institutions, sponsors, and corporates in high-profile disputes and regulatory investigations involving complex financial products, AML and sanctions breaches, whistleblowing, and investor or M&A-related litigation. Market-leading seasoned disputes lawyer, Parkes focuses on financial services litigation. Reynolds specialises in complex litigation and contentious regulatory investigations for a broad spectrum of financial institutions, with particular expertise in FCA enforcement, cross-border investigations, mis-selling claims, and multi-jurisdictional disputes involving financial products and services. Ali Sallaway demonstrates considerable expertise in cross-border investigations and regulatory enforcement actions by the SFO, FCA, FRC, and HMRC, particularly in cases involving fraud, bribery, market abuse, and governance breaches. Christopher Robinson is noted for his focus on disputes concerning wholesale misconduct, insurance coverage matters, and financial crime. An expert in litigation and contentious regulatory matters, Thomas Clark is a key figure for various banking and financial services clients.

Responsables de la pratique:

Sarah Parkes; Simon Orton; Piers Reynolds


Autres avocats clés:

Ali Sallaway; Christopher Robinson; Thomas Clark; Lucy Clark


Les références

‘Star team and all-round depth in numbers, with so many top partners.’

‘Ali Sallaway is tenacious and great to work with, especially great with criminal crossover. Simon Orton has vast experience, good humour, again great to work with. Piers Reynolds has come on massively over the past few years and stepped out of the shadow of those around him. Great team leader.’

‘Very strong and agile; good structure of level of experience and ability to have the right people do the right work.’

Principaux clients

UBS


Principaux dossiers


  • Advised UBS on its acquisition of Credit Suisse, including advising on the related contentious aspects across multiple geographic regions.

Hogan Lovells International LLP

Regarded as 'a truly brilliant department’, Hogan Lovells International LLP boasts a deep bench of regulatory experience, spanning the FCA, PRA, FRC and FOS, and advises a range of financial services, including leading banks, asset managers and insurers. ‘First-class’ team head Philip Parish excels in high-profile matters including FX misconduct, LIBOR, and swaps mis-selling, with noted expertise in representing senior individuals facing FCA and PRA disciplinary actions as well as claims under section 90 FSMA. Drawing on her FCA secondment experience, Elaine Penrose advises banks, investment firms, and individuals in high-profile investigations and business-critical crises, with particular strength in managing FCA engagement and customer remediation exercises. Louise Lamb is a trusted expert in FCA and PRA investigations and enforcement actions, with extensive experience advising clients on high-stakes cases involving multiple domestic and international regulators. Claire Lipworth, a seasoned prosecution and defence specialist, is also recommended.

Responsables de la pratique:

Philip Parish


Autres avocats clés:

Elaine Penrose; Louise Lamb; Claire Lipworth; Alex Riposi-Nason; Georgina Denton


Les références

‘Hogan Lovells’ financial services practice is wide-ranging and very high quality, acting for banks and others across a range of disputes. Their combination of legal knowledge, strategic acumen, and excellent client handling is hard to beat.’

‘Philip Parish is first-rate and has every skill set that you’d want in a top litigator.’

‘A truly brilliant department filled with exceptional and hard-working lawyers who are a joy to work with.’

‘All of these individuals give 150% to their cases; incredibly bright but commercial with excellent judgement; brilliant team players.’

‘Excellent handling of difficult situations and challenging clients, excellent teamwork.’

‘Very strong team across the spectrum.’

‘The team at Hogans have consistently demonstrated excellence in contentious litigation, earning our full confidence as the go-to advisor on complex disputes, especially regarding one of our businesses. Their team combines deep legal cross-jurisdictional expertise with strategic acumen, delivering consistently strong results on a wide range of contentious matters. What distinguishes Hogans is their ability to handle sophisticated litigation with clarity, composure and tactical precision, always grasping the broader commercial implications. Their judgement on assessing procedural best steps in the interests of their clients is commendable.’

‘Our lead partner is Elaine Penrose and other key standout individuals are Alex Riposi-Nason and Georgina Denton. Elaine and her team are responsive, meticulous and well-prepared. Elaine has a deep and long-standing understanding of our business and brings a level of professionalism, collaboration and expertise consistently inspiring confidence, which is why we have partnered with Elaine again and again. It is clear that there is a client-centric focus and strong ability to balance legal complexities with practical business realities, which has made them a standout litigation partner.’

Principaux dossiers


Latham & Watkins

With a strong capability in cross-jurisdictional matters, the female-led practice group at Latham & Watkins works with a wide array of clients, including banks, exchanges, private equity firms, lenders, and hedge funds. Regarded as an ‘elite high-end financial services firm’, the team is at the forefront of trends, covering financial crime, crypto and fintech, market abuse, insider dealing, non-financial misconduct, and culture-related issues. A leading figure on culture and governance frameworks, practice co-head Nell Perks' workload covers non-financial misconduct, ESG, and AML issues. The ‘all-round strategic genius’ co-head, Andrea Monks, maintains a reputation within major international banks, investment funds, and asset managers for her handling of complex regulatory matters.

Responsables de la pratique:

Andrea Monks; Nell Perks


Autres avocats clés:

Rob Moulton; Anna James


Les références

‘Good team, having made strides in the past few years.’

‘Andrea Monks has a strong industry profile.’

‘An elite, high-end financial services firm.’

Principaux dossiers


Macfarlanes LLP

With an active cross-border disputes practice, Macfarlanes LLP regularly handles global investigations and prosecutions for a diverse clientele across investment funds, corporate, tax, competition, employment, fraud, privacy, data protection, and white-collar crime. Practice head Matt McCahearty maintains a strong track record in high-profile investigations, including LIBOR and anti-money laundering, and brings particular expertise in transatlantic matters and FCA-appointed skilled person reviews. Barry Donnelly is experienced in international financial services disputes and investigations, with noted expertise in transatlantic regulatory enforcement, having advised on high-profile LIBOR matters and acted as an FCA-approved skilled person. Laura Bridgewater is a litigation specialist who excels in sensitive investigations involving market abuse and rogue trading.

Responsables de la pratique:

Matt McCahearty


Autres avocats clés:

Barry Donnelly; Laura Bridgewater; Lois Horne; Simon Day; Chris Charlton


Les références

‘The team has a strong reputation in the City. Very organised, professional and well respected by clients.’

‘Laura Bridgewater is a very strong junior partner, who exhibits energy and good judgement. She is very good at managing cases.’

‘Matt McCahearty, very competent and pleasant, good with banks.’

Principaux clients

Macquarie Bank Limited


The British Bankers’ Association


NatWest


Thirteen Bitcoin Developers


CFE Finance Group


Revolution Beauty Group plc


Principaux dossiers


  • Represented Macquarie Bank Limited (London Branch) in an FCA investigation into an unauthorised trading incident, resulting in a resolution with the FCA.
  • Acting for a number of core Bitcoin Developers in the highly publicised claim by Dr Craig Wright, who claimed to have created Bitcoin and released it publicly in 2009 under the pseudonym Satoshi Nakamoto.
  • Defending NatWest in multi £billion collective proceedings relating to alleged FX manipulation. This includes successfully applying to the UK Supreme Court for permission to appeal the Court of Appeal’s November 2023 judgment regarding the test of certifying collective proceedings on an opt-in or opt-out basis.

Mishcon de Reya LLP

The ‘top-tier’ team at Mishcon de Reya LLP has rich expertise across the regulatory landscape, acting for both corporates and individuals in both the wholesale and retail markets. A ‘strong representative with good judgment,’ team head Guy Wilkes is noted for his standout expertise in financial crime and AML investigations, drawing on his experience heading an FCA Enforcement department and advising on high-profile matters involving supervisory intervention, insolvencies, and enforcement proceedings. Adam Epstein, well-versed both in FCA and PRA investigations, will be moving to a consultant role in 2025. Adept in cross-jurisdictional regulatory matters, Jonathan Barnett is well-equipped to advise clients across a range of regulatory matters, including market abuse, misconduct, and complex trading strategies.

Responsables de la pratique:

Guy Wilkes


Autres avocats clés:

Adam Epstein; Jonathan Barnett; Elizabeth Hope


Les références

‘Guy Wilkes is a strong representative with good judgment.’

‘Elizabeth Hope is an excellent associate who manages cases very well and has excellent client skills.’

‘Mishcon have been a leading firm in the sector for a long time. They have the greatest strength in depth in the area of any law firm (following some retirements in other firms) and always have complete command of the law, the facts and the strategy.’

Principaux clients

Thomas Seiler


Diego Urra


Meritus Trust Company Limited


Evelyn Partners (formerly Smith & Williamson) as administrators of London Capital & Finance Plc


Principaux dossiers


  • Represented banker, Thomas Seiler, in an Upper Tribunal case against the FCA.
  • Represented trader Diego Urra in the Upper Tribunal case against the FCA.
  • Advised Meritus Trust Company Limited on is regulatory settlement with the Bermuda Monetary Authority.

Norton Rose Fulbright

Norton Rose Fulbright is active in all key areas of the contentious regulatory process, including financial crime, lending practices and governance, systems, and controls.  The team is spearheaded by ‘doyen of the FS regulatory arena’ Katie Stephen, who draws on decades of experience advising on litigation and investigations across multiple regulators, with particular expertise in tax-related disputes, skilled person reviews, internal investigations, and enforcement matters involving senior management and complex regulatory issues such as market abuse, ESG, and consumer credit. Alongside her, David Harris co-heads the team, focusing on transnational investigations and enforcement, while advising financial institutions, corporates, and senior executives on civil, criminal, and regulatory proceedings across the UK and US, with particular expertise in financial crime, sanctions, and cybersecurity-related matters. Another key name to note is Matthew Gregory.

Responsables de la pratique:

Katie Stephen; David Harris


Autres avocats clés:

Matthew Gregory; Emily Smith; Lizzie Cox; Aditya Badami; Claudia Van Gruisen


Les références

‘Katie Stephen is a doyen of the FS regulatory arena, with a well-deserved reputation for excellence. She knows the regulatory landscape as well as anyone, and strikes fear into opponents, including regulators. A top choice for any tough regulatory fight.’

‘Emily Smith is fantastic! I’d like her working on every one of my cases: highly intelligent, massively hard-working, and savvy beyond her years. A superstar in the making.’

‘Lizzie Cox is immensely able, and a first-rate associate.’

Principaux clients

HSBC


Amigo Loans


Principaux dossiers


  • Acted for HSBC in successfully defending two related complex group action fraud claims seeking damages of around £1.7 billion, including claims under FSMA relation to FCA Handbook breaches, which were tried over 9 weeks commencing 29 January 2024.
  • Acted as the independent adjudicator for Amigo Loans on an adjudication of customer claims as part of a Scheme of Arrangement approved by the client’s creditors and the court, following the FCA’s investigation and public censure of the client for failing to conduct adequate affordability checks on borrowers and guarantors before approving guarantor loans.

Pinsent Masons LLP

Showcasing demonstrable expertise in FCA regulatory breach mitigation strategies, Pinsent Masons LLP’s ‘high-quality’ practice handles matters concerning remediation/redress projects, FCA investigations, mass action litigation, and s166 investigations. The ‘tremendously experienced’ practice head Jonathan Cavill works extensively for major UK financial institutions on regulatory issues, enforcement, redress schemes, routinely advising on FCA s165, s166, and enforcement proceedings, and has recently represented clients in the Upper Tribunal and in judicial reviews involving the FOS. An expert in the insurance sector, Colin Read is frequently engaged in internal and external investigations, overseeing complex fraud-related matters involving the City of London Police, as well as regulatory investigations by the FCA and the ICO. Melanie Ryan draws on extensive experience representing clients in money laundering, fraud, bribery, corruption, market abuse, and insider dealing cases.

Responsables de la pratique:

Jonathan Cavill; Colin Read


Autres avocats clés:

Melanie Ryan; Michael Fletcher; Sebastien Ferriere; Michael Reading; Anthony Harrison


Les références

‘There is tremendous strength in depth in this team. Jonathan Cavill is a strong lead partner with tremendous experience of FCA-related matters as well as other regulatory matters.’

‘Jonathan Cavill is tremendously experienced and knows his FCA stuff inside out.’

‘Pinsents are one of, if not the, market leaders in contentious financial services work. They have equal expertise working for small asset managers facing early-stage FCA intervention as well as for multinational banks facing multijurisdictional enforcement actions. They deliver high-quality products and well-thought-out strategies.’

Principaux clients

Assurant


AJ Bell


RSA


Direct Line Group


Phoenix Standard Life


Natwest


Lloyds Banking Group


Momentum Warranties


Tesco PLC


Chesnara PLC


Aegon


Currys


Nucleus Group


Royal London


Homeserve


British Gas


Principaux dossiers


  • Providing Phoenix Standard Life key strategic advice in relation to remediation and regulatory risk connected with legacy products. This involved leveraging both of unique ex FOS and ex FCA experience to provide, innovative, insightful and robust advice to support the client in complying with regulatory requirements and aligning with the business’ values and strategy.
  • Acting for a large well known insurance company which is being investigated by the FCA in relation to its GAP insurance product value approach since 2019. This is a large mandate, involving a 5 person team to support the firm in responding to FCA challenge and to take necessary next steps which may include remediation of the product and customers.
  • Supporting a large international banking group on its response to the motor finance litigation, including a historic review of all relevant business arrangements as well solutions to remediate future written business and align to regulatory risk/engagement with FCA business.

Simmons & Simmons

Spearheaded by the 'brilliant' Emma Sutcliffe, Simmons & Simmons boasts an integrated contentious, non-contentious and crime and competition offering. Drawing on in-house experience at the FCA, PRA and PSR, the team is well-placed to effectively represent a diverse financial services client base, from retail and wholesale banks, asset managers, brokers to fintech companies and crypto platforms. Key workstreams for the group include market abuse, misconduct, regulatory investigations, controls breaches, and individual accountability matters. Sutcliffe is a key contact for clients seeking advice on conduct risk, whistleblowing, cultural issues, and sensitive regulatory matters involving board-level stakeholders. Practice co-head Caroline Hunter-Yeats is a leading adviser on FCA Consumer Duty matters and large-scale investigations, with a strong reputation for representing both firms and senior individuals in enforcement actions involving governance, conduct risk, and financial crime. Douglas Robinson advises a mix of fintech clients, crypto platforms, and financial institutions on complex regulatory and enforcement matters, drawing on considerable experience in high-value disputes across digital assets, payments, and financial crime.

Responsables de la pratique:

Emma Sutcliffe; Caroline Hunter-Yates


Autres avocats clés:

Douglas Robinson; Jankee Gohil


Les références

‘Fantastic team, extremely collegiate. See them as an extension to our internal litigation & investigation team.’

‘Combine market knowledge and technical ability to provide relevant and timely legal advice.’

‘Emma Sutcliffe is excellent. Highly responsive and tuned in to client needs, technically brilliant and very focused on effective outcomes.’

 

Principaux dossiers


Slaughter and May

Slaughter and May is a key port of call for a varied client roster that encompasses a broad range of market-leading domestic and international financial institutions. Co-head Ewan Brown advises boards and institutions on high-stakes FCA investigations and litigation, including leading a landmark FX investigation and its ongoing collective proceedings before the UK Supreme Court. Seasoned litigator, Jonathan Clark, handles complex, multi-jurisdictional regulatory investigations and litigation, with particular experience in benchmark manipulation and large-scale financial disputes. Gayathri Kamalanathan, whose expertise is shaped by extensive in-house experience at global banks, is renowned for her insight in matters involving coordinated regulatory and criminal enforcement. Tim Blanchard and Holly Ware have a deep bench of experts across various regulatory bodies, including the SFO, FCA, UK Competition and Markets Authority, and the European Commission.

Responsables de la pratique:

Ewan Brown


Autres avocats clés:

Jonathan Clark; Gayathri Kamalanathan; Tim Blanchard; Holly Ware; Deborah Finkler


Principaux clients

JPMorgan Chase Bank NA


Santander UK Plc and Santander Consumer (UK) plc


Credit Suisse AG, Credit Suisse International and Credit Suisse Securities (Europe) Limited


Close Brothers Limited


Principaux dossiers


  • Advising JPMorgan in relation to proposed collective proceedings in the Competition Appeal Tribunal (the “CAT”).
  • Advising Santander and SCUK in respect of the Financial Conduct Authority’s (“FCA”) ongoing review into discretionary commission arrangements (“DCAs”) and various claims and complaints relating to both DCAs and non-discretionary commission arrangements.
  • Acting for Credit Suisse in multiple claims arising from US$2 billion “tuna bond scandal”, which was the subject of US, UK and Swiss regulatory outcomes in October 2021.

Stephenson Harwood

‘Helpful and available under pressure, always looking for solutions and very collaborative’, the team at Stephenson Harwood is well-placed to act for a diverse client base on complex contentious mandates, including Skilled Person Investigations, FOS matters, regulatory investigations, and remediation schemes. Practice head Justin McClelland is widely recognised for his deep experience across regulatory, criminal, and civil matters, leveraging his dual background, including as a former prosecutor, to inform his handling of investigations involving market misconduct, cartel behaviour, and internal corporate issues. Sean Jeffrey, frequently instructed by leading financial institutions facing serious enforcement issues, has experience spanning large-scale redress schemes, FCA enforcement proceedings, and regulatory matters involving culture, governance, and client money. David Capps is a trusted handler of a wide range of regulatory issues, including market conduct, anti-money laundering, whistleblowing, sanctions, SMCR, and consumer duty obligations. Other key figures are experts in UK and EU regulatory frameworks, William Robertson and Christophe Boucherie.

Responsables de la pratique:

Justin McClelland


Autres avocats clés:

Fran Legg; Marta Garcia; Anisha Sandhu; Jamie Gardner; Sue Miller; Sean Jeffrey; Maeve Mohan; William Robertson; Christophe Boucherie; David Capps


Les références

‘Alan Ward and Sue Miller are both outstanding. Alan is a fantastic advocate, really on top of his brief and very persuasive. Sue is a great tactician and very robust, she really fights for her clients.’

‘Sean Jeffrey takes the time to really understand his clients’ business needs, carefully crafting his approach and strategy to meet client priorities. Maeve Mohan pays careful attention to detail, is diligent and hardworking.’

‘Alan Ward is pretty much an ever-present in the leading contentious financial services cases and is always a charismatic and reassuring presence for any clients, even those facing the most difficult situations. Sean Jeffrey is a consummate professional.’

Principaux dossiers


  • Advised Gustavo Raitzin, a former member of the Executive Board of Bank Julius Baer, following on from achieving the most significant victory in recent times against the FCA on a case regarding extensive allegations of fraud in corporate transactions.
  • Acted for Jorge Lopez Gonzalez, a senior bond trader who was under investigation for market abuse by the FCA.
  • Instructed by Chris Ashton, former head of global spot FX at Barclays, in relation to the Reuters FX Spot Fix manipulation investigations conducted by the United States Department of Justice and the Federal Bureau of Investigations in conjunction with the United Kingdom Financial Conduct Authority and Serious Fraud Office.

Addleshaw Goddard

The ‘innovative, commercially minded and collaborative’ team at Addleshaw Goddard provides a ‘tremendous range of expertise’ to an eclectic mix of financial services clients, including banks and lenders facing investigations and enforcement cases, including market abuse, insider dealing, anti-money laundering, MLRs, non-financial misconduct, and whistleblowing. Heading up the team is the ‘calm and measured’ David Pygott, a leading adviser on high-profile matters involving market abuse, AML, whistleblowing, and SMCR. Sarah Thomas handles a wide range of contentious regulatory matters, including investigations into financial crime systems and controls, market abuse, non-financial misconduct, fraud, perimeter issues, motor finance commission, and customer redress exercises, as well as contentious interactions with the PRA and FCA. Adept in criminal and financial regulatory matters is Harriet Territt, her workload consists of anti-money laundering, sanctions, supply chain compliance, trade and export controls, and conducts internal investigations, remediation projects, and engagements with enforcement bodies such as OFSI.

Responsables de la pratique:

David Pygott


Autres avocats clés:

Sarah Thomas; Harriet Territt; Alex Unger; Giles Distin; Sarah Thomas; Richard Yeomans; Richard Clayton; Sivan Daniels


Les références

‘Very professional, strong knowledge and expertise, innovative, commercially minded, collaborative and easy to work with.’

‘There’s a real skill in this practice that goes beyond legal competency. They have a way of making you the client feel valued, that you’re important, not just a fee payer. From the welcome walking in the door, you feel recognised, looked after, and respected. They are professional, approachable, and always accessible. While this may seem simple, it’s really hard to deliver consistently, but they do.’

‘The level of knowledge, engagement, and proactive communication is excellent. You really get a sense that you’ve got people like Giles Distin and Sarah Thomas batting on your behalf. This instills tremendous confidence that you have a strong, motivated team behind you with a tremendous range of expertise and deep bench strength behind the scenes.’

Principaux dossiers


Baker McKenzie

Led by Mark Simpson, the team at Baker McKenzie is adept in a host of complex regulatory enforcement and internal investigation matters, working with a mix of individuals, international banks, and other financial institutions. Simpson heads up the London practice group, exhibiting noted expertise in authorisations, business expansion, regulatory compliance, financial crime, AML, and responses to internal issues or regulatory investigations. Adept in cross-jurisdictional investigations, litigation, and regulatory compliance matters is Philip Annett, a key contact for clients in the fintech, and healthcare sectors, handling FCA and PRA enforcement actions and financial crime systems and controls issues. Jonathan Peddie departed the team in mid 2025.

Responsables de la pratique:

Mark Simpson


Autres avocats clés:

Philip Annett


Les références

‘Philip Annett is a calm and reliable partner with expertise in both contentious and non-contentious financial services regulatory matters. He is always keen to assist and a pleasure to work with. We have also worked with Hugh Lyons on contentious issues, who has also been extremely helpful and generous with his time.’

‘An exceptionally strong team of very experienced individuals who provide advice which is always insightful, commercially-minded and exactly on-point. The main partner in my cases is Philip Annett, who is excellent. ‘

Philip Annett is a masterful lawyer with a wealth of experience in this area. He keeps his head when everyone else is losing theirs! Having previously worked at the Financial Conduct Authority, he possesses an unrivalled depth of experience, insight and skills in the financial services world. ‘

Principaux clients

Metro Bank Plc.


Principaux dossiers


Brown Rudnick LLP

Spearheaded by the ‘forward-thinking’ Ian Weinstein, Brown Rudnick LLP represents individuals, large commercial banks, and insurers in the full spectrum of contentious issues. Weinstein is renowned for his work in high-profile enforcement actions involving the FCA and FRC, with recent matters relating to motor finance and corporate audit failures. Chloë Kealey is an important contact for a varied client base, from senior individuals to listed companies, on contentious financial regulatory matters, with a particular focus on investigations and enforcement actions involving non-financial misconduct and market abuse.

Responsables de la pratique:

Ian Weinstein


Autres avocats clés:

Chloë Kealey; Derval Walsh; Jane Colston; Jessica Lee; Theo Elton


Les références

‘Jane Colston has to be one of the leading litigators in this field. If you find yourself on the other side of her, settle quickly and go home. One of the few lawyers I wouldn’t go into battle against, which is why we make sure she’s always on our side!’

‘The quality of the team at this firm is truly exceptional. Every individual brings a rare combination of technical excellence, commercial understanding, and strategic clarity. Clients frequently remark on the depth of knowledge across the practice and the ability of the team to translate complex legal issues into clear, practical advice.’

‘The Brown Rudnick team stands out for their exceptional intelligence, deep legal knowledge, and consistent commitment to excellence. They are as sharp as they are approachable, combining technical brilliance with clear, practical advice that adds real value. Nothing is ever too much trouble. They are always available when needed, no matter how complex or urgent the issue.’

Principaux clients

Finance & Leasing Association


Cirata plc, formerly known as WANdisco Plc


GB News Limited


Principaux dossiers


  • Advising the Finance & Leasing Association on regulatory and litigation aspects of the motor finance issue.
  • Advising Cirata plc on regulatory and legal issues relating to the fraudulent acts of an employee.
  • Advised GB News on its successful judicial review of Ofcom which resulted in the Court finding breach decisions made against GB News to be unlawful.

Corker Binning

With a particularly active cross-border practice, Corker Binning is regularly turned to by senior executive employees of large banks for all aspects of regulatory investigations, earning a reputation for acting sensitively and safeguarding client reputations. The ‘extremely intelligent, strategic and client-friendly’ team head, Claire Cross, draws on FCA and CMA in-house experience to advise on the full gamut of FCA, criminal and regulatory investigations. Peter Binning boasts prosecution experience for the SFO and Crown Prosecution Service, and is geared to support clients at the intersection of regulatory and criminal investigations. Nick Barnard’s well-established client base consists of individuals. David Corker remains an important individual within the team.

Responsables de la pratique:

Claire Cross


Autres avocats clés:

Peter Binning; Nick Barnard; Stephen Gentle; Danielle Reece-Greenhalgh; Jessica Parker; David Corker


Les références

‘Significant market player in this space, especially for representing individuals.’

‘I have worked most, as co-counsel, with Claire Cross. She is a brilliant lawyer. Very comfortable with FCA and general investigation matters, she is extremely sensible, pragmatic, and user-friendly. She’s also just a very good person, which counts for a lot. I would not hesitate to refer clients to her.’

‘Claire Cross is fantastic. Extremely intelligent, strategic, and client-friendly.’

Principaux dossiers


DLA Piper

Boosted by a specialist, contentious cybersecurity and data protection team, DLA Piper is well-placed to advise both regulators and financial institutions. The team is headed by Tony Katz, an ‘excellent, hands-on partner’ and a seasoned expert in contentious investigations involving the FCA, PRA, ECB, and other regulators across the UK, EU, US, and Asia, with recent work covering governance and AML system failures, independent reviews, and leading fraud, bribery, and ethics investigations. Sam Millar‘s recent workload includes investigations into health and safety breaches, bribery, fraud, accounting irregularities, money laundering, market abuse, insider trading, market manipulation, and cybercrime. Stuart Murdoch frequently appears before the Supreme Court, supporting clients in issues arising in banking, pensions, asset management, insurance, fintech, and investment funds.

Responsables de la pratique:

Tony Katz


Autres avocats clés:

Sam Millar; Stuart Murdoch; Sohail Ali


Les références

‘Excellent team for contentious financial services cases such as acting on disciplinary proceedings by regulators.’

‘Sohail Ali is an astute, go-to partner for contentious financial services work.’

‘Sohail Ali is outstanding. A real star in the legal firmament. He is super clever, very commercial and has an instinct for which points to fight.’

‘Great team, who are down to earth and very commercially aware. Always on hand to provide the advice that the business requires.’

‘Both have exceptional knowledge and experience of the regulators and our business, which means that advice is tailored perfectly to our needs.’

‘Tony Katz and Jeremy Sher are both excellent, hands-on partners with an exceptional work ethic, keen attention to detail, and wisdom when it comes to judgment calls and contentious regulatory strategy. This is reflected in their team’s work product, which always meets their own high standards.’

Principaux clients

Virgin Money (Clydesdale Bank Plc)


Principaux dossiers


  • Advised Virgin Money on the successful defence of c. £400 million+ claims against Clydesdale Bank Plc, and its former parent company, National Australia Bank Limited.

Fox Williams LLP

Counting challenger banks, subsidiary banks, investment firms, fintech firms and senior executives within its key client roster, Fox Williams LLP handles a broad range of regulatory work, including internal investigations, supervisory interventions and regulatory reporting into issues of non-financial misconduct, controls, and governance, and financial crime. ‘Extremely commercial and responsive, ’ Sona Ganatra maintains a reputation for high-profile internal investigations and regulatory advisory work, particularly involving misconduct, governance failures, and criminal allegations. Notable matters include leading the independent investigation into sexual misconduct at the CBI. While ‘smart and committed’ Sebastian Sayer is a key port of call for senior executives, compliance officers, and directors in complex regulatory and criminal matters, his highlights include advising on whistleblowing, SMCR compliance, governance, and Companies House prosecutions.

Responsables de la pratique:

Sona Ganatra


Autres avocats clés:

Sebastian Sayer; Peter Finch; Peter Wright


Les références

‘Key individuals include Sona Ganatra, Peter Finch, and Sebastian Sayer, who have great knowledge of the industry, are extremely commercial and responsive.’

‘Excellent team that packs a big punch in this space.’

‘Sebastian Sayer has fantastic experience in FCA cases, which cross over with criminal issues. He is smart and committed.’

Principaux dossiers


Kingsley Napley LLP

‘A significant market player in this space’, Kingsley Napley LLP demonstrates ‘real expertise and dedication’ at the intersection of regulatory and criminal matters, representing senior managers under SM&CR and in non-financial misconduct work. Practice head, Jill Lorimer, leverages extensive experience in representing individuals facing criminal investigation, prosecution for insider dealing or market abuse, alongside her in-house roles at the FCA, to support a diverse client roster. An expert in FCA investigations, financial crime, and fraud is Louise Hodges, who is a key contact for insider dealing, market manipulation, market abuse, and breach of principle cases. Nicola Finnerty excels in proceedings by the FCA, CMA, SFO, and NCA, with recent cases consisting of competition investigations and Account Freezing Orders.

Responsables de la pratique:

Jill Lorimer; Louise Hodges


Autres avocats clés:

Nicola Finnerty; James Alleyne


Les références

‘KN remain at the top of the game – they bring real expertise and dedication to bear.’

‘Kingsley Napley provides the benefit of extensive experience in financial regulation, without charging Magic Circle rates. The team is innovative in its approach to problem-solving.’

‘James Alleyne has recently been made a partner. He is intellectually able and has commercial acumen, backed up by extensive experience working at the FCA. He has a formidable grasp of strategy and is able to forge personal bonds with relevant individuals in order to progress negotiations.’

Principaux dossiers


Osborne Clarke LLP

With a broad client roster, ranging from traditional financial services companies, to alternative lenders and fintech providers, Osborne Clarke LLP fields an ‘insightful, tactful and incredibly skilled’ team capable of acting across complex, high-value regulatory investigations and enforcement actions, including anti-money laundering, whistleblowing, safeguarding, cyber issues, market abuse, and non-financial misconduct. Practice head Rachel Couter’s expertise spans complex issues such as market abuse, insider dealing, AML, governance failings, non-financial misconduct, and consumer finance, advising clients facing scrutiny from the FCA, PSR, NCA, and other regulatory bodies. Adept in crypto matters, Nick Price is a key contact for large-crypto asset exchanges. Charles Crowne has niche expertise in pensions litigation, with his focus extending to fraud, regulatory investigations, and disputes. Tom Frapwell excels in cross-jurisdictional civil disputes and regulatory investigations.

Responsables de la pratique:

Rachel Couter


Autres avocats clés:

Charlie Crowne; Rebecca Darby; Tom Frapwell; Tom Ellis; Benedicte Perowne


Les références

‘In my view, Osborne Clarke has a top commercial litigation team which deals impressively with financial services and fraud work. Much of the work I do with them concerns employment litigation in the High Court, but that carries with it much in the way of fraud. A lot of the work is in the financial services sector.’

‘OC are excellent at managing litigation in these areas. They always inspire client confidence and are very effective in managing cases. They provide great support to me as counsel, enabling us to work together well as a team.’

‘I would single out Tom Ellis and Tom Frapwell as two top practitioners who are just excellent at dealing with clients, explaining cases to them, advising and identifying the best means of resolving cases.’

‘Practical experience of acting for challenger and start-up financial services businesses.’

‘Charles Crowne is accessible and practical in the advice he offers.’

‘Exceptionally deep understanding of complex multinational issues based on the diffuse nature of evidence and documentation due to practical considerations. Highly practical economic thinking for the client and a solution-oriented approach for the benefit of the client.’

‘Insightful, tactful and incredibly skilled. We also benefitted from the team having hands-on experience at FOS.’

‘Charlie Crowne and Rebecca Darby handled one matter for us and delivered an outstanding success. They then went well beyond what we could reasonably have expected of a law firm to research data and to present a compelling case. They worked extremely well with us, getting up to speed on our business and processes as needed to build and present the case.’

Principaux clients

Financial Services Compensation Scheme


ClearBank Limited


Comune di Venezia / Citta Metropolitana di Milano


Clearpay (UK) Finance Services Limited


GoHenry Limited


JPMorgan Chase Bank, National Association (UK Branch)


Morrisroe Limited


Principaux dossiers


  • Advising various clients in relation to the Court of Appeal’s far-reaching decision in Johnson v FirstRand Bank, Wrench v FirstRand Bank and Hopkins v Close Brothers in relation to motor finance commission disclosure claims, handed down in October 2024.
  • Represented Clearpay in a claim brought against them by Westfield, the owners of the shopping centres, in respect of two brand partnership agreements, and their related licences for advertising and digital marketing at the Stratford and Shepherd’s Bush Westfield shopping centres.

Reed Smith LLP

Forming part of the broader global financial group, Reed Smith LLP fields a contentious team well-equipped to handle the full spectrum of regulatory work. Areas of strength include cross-jurisdictional cases where FCA, PRA, and FRC enforcement and investigations are involved. The practice acts for a multinational client roster consisting of trading companies, accountancy firms, brokerages, senior individuals, and banks. The group is headed by Robert Falkner, who boasts an active cross-border practice and is a key adviser to clients operating in the securities, foreign exchange, derivatives, and commodities space. Charles Hewetson is a key contact for high-net-worth and senior individuals on a wide range of contentious regulatory mandates.

Responsables de la pratique:

Robert Falkner


Autres avocats clés:

Charles Hewetson


Principaux dossiers


Travers Smith LLP

Drawing upon its ‘deep sector knowledge, practical commerciality, and solutions-focused approach’, Travers Smith LLP provides ‘first-rate technical regulatory expertise’ to a range of financial services clients, from corporates and senior executives to large financial institutions, frequently handling highly sensitive and high-profile internal corporate investigations, FCA enforcement cases, disciplinary proceedings, and regulatory investigations. The team is led by Heather Gagen. Rob Fell, a seasoned litigator, has built significant relationships with major investment and clearing banks, specialising in high-stakes disputes before the Commercial Court and Chancery Division. A respected litigator, Caroline Edwards' workload spans various industry sectors. Toby Robinson, co-heads the investigations side of the practice, boasting extensive experience representing banks and financial institutions in FCA enforcement actions, including cases involving LIBOR and market abuse. Stephanie Lee represents a wide range of commercial clients in multi-jurisdictional cases.

Responsables de la pratique:

Heather Gagen


Autres avocats clés:

Danny Riding; Rob Fell; Caroline Edwards; Toby Robinson; Stephanie Lee


Les références

‘The regulatory team along with the dispute resolution team at Travers Smith stands out for its deep sector knowledge, practical commerciality, and solutions-focused approach. They offer first-rate technical regulatory expertise and dispute resolution strategies which, combined with knowledge of us as a client and our business needs, is a rarely found combination which has exceptional business value.’

‘The leadership clearly places strong emphasis on developing the team from within, with a high level of mentoring and guidance for junior lawyers. This commitment not only fosters technical excellence but also reflects a genuine sense of humanity and team spirit—qualities that are increasingly rare and greatly valued. At the same time, it does not affect the delivery to us as a client.’

‘Danny Riding and Phil Bartram are excellent lawyers who bring depth of expertise in financial regulatory matters. Caroline Edwards provides extremely well thought-through and commercial advice.’

Principaux clients

Nomura International plc


Principaux dossiers


  • Advising Nomura on its application to the EU General Court for annulment of the European Commission’s Decision finding of anti-competitive behaviour in the primary and secondary European Government Bond (« EGB ») markets.

WilmerHale

Experienced in supervision and enforcement matters involving the FCA, PRA, Bank of England, Lloyd’s of London, and other regulatory bodies, WilmerHale’s securities enforcement team houses ‘US law firm heft coupled with gold-standard UK lawyers', well-equipped to act for global investment banks, insurance entities, brokers, and other financial services firms. The ‘second to none’ Stephen Pollard is a highly respected litigator at the forefront of business crime and securities enforcement, co-heads alongside Richard Burger, who leverages his in-house roles at the FCA and FRC to act in domestic and cross-border regulatory enforcement and criminal investigations. Lloyd Firth is noted for his white-collar criminal defence, regulatory enforcement, and corporate compliance. Imogen Makin is a key contact within the group.

Responsables de la pratique:

Stephen Pollard; Richard Burger; Lloyd Firth


Autres avocats clés:

Imogen Makin


Les références

‘WilmerHale have a strong investigations team, with impressive experience of FCA enforcement investigations and proceedings.’

‘Imogen Makin is extremely knowledgeable about all things FS related and has excellent judgement on difficult strategic calls. She has a strong reputation with other colleagues in this sector. For opponents, she is a force to be reckoned with. For clients, she will always go the extra mile.’

‘Imogen Makin is a brilliant partner: good responsiveness, very commercial and a good knowledge of financial services disputes.’

Principaux dossiers


Akin

Engaged by various investment funds, hedge funds and c-suite individuals, the ‘highly-skilled’ team at Akin is frequently called upon to advise before the Regulatory Decisions Committee, Upper Tribunal and Court of Appeal. Praised as a ‘doyenne of contentious regulatory’, practice head Helen Marshall draws on first-hand experience as head of enforcement at the FSA to assist in regulatory investigations and enforcement proceedings. Adept in white collar defence mandates, Joe Hewton is a significant contact for cross-border investigations.

Responsables de la pratique:

Helen Marshall


Autres avocats clés:

Joe Hewton; Phil Davies


Les références

‘Very strong team, long experience, particularly in fighting Tribunal cases.’

‘Helen Marshall is a stand-out individual with huge regulatory experience. Senior associates Joe Hewton and Phil Davies have learned from her and are now very good and experienced. Strong all round team.’

‘Helen Marshall is the doyenne of contentious regulatory, she knows everyone at the regulator and has impeccable judgment. Joe Hewton is a very promising young partner.’

Principaux clients

BlueCrest Capital Management (UK) LLP


Principaux dossiers


  • Advising BlueCrest Capital Management (UK) LLP in connection with proposed FCA enforcement action. The matter has been before both the Upper Tribunal (Tax and Chancery Chamber) and Court of Appeal, and is now due to be heard by the UK Supreme Court.

Bivonas Law LLP

Working on a growing number of civil and criminal cases, the contentious team at Bivonas Law LLP – led by Cindy Dorrington  and Roland Ellis – excels in work at the intersection of civil and criminal liability. Turned to by a diverse array of clients, from high-profile individuals to international banks, the team is equipped to handle the full spectrum of financial services contentious cases. Dorrington, praised for offering a ‘unique and impressive personalised service’, maintains a leading reputation in white-collar crime, frequently representing individuals and companies facing investigations by key UK regulators. Senior partner, Antony Brown, pairs his international reach with decades of experience within both financial services and civil and criminal fraud.  Dispute resolution lawyer Roland Ellis handles FCA investigations.

Responsables de la pratique:

Cindy Dorrington; Roland Ellis


Autres avocats clés:

Antony Brown


Les références

‘Cindy Dorrington provides a unique and impressive, personalised service to each client she represents. Her focus and commitment to each case is remarkable. Her knowledge of financial services law, both criminal and civil, is truly impressive.’

‘I work closely with the senior partner Antony Brown, who is professional, caring, experienced and always exercises impeccable judgement.’

 

Principaux dossiers


  • Representing an individual being investigated by the FCA and the SFO for fraud and mis-selling mini-bonds to the value of c. £250m to retail investors.
  • Representing an individual in the FCA’s investigation into banks, brokers and pensions funds involved in Cum-Ex trading, where European countries have lost billions in tax reclaims.
  • Representing a defendant in one of the few insider dealing cases being prosecuted by the FCA.

Cooke, Young & Keidan LLP

Noted for its cryptocurrency focus, Cooke, Young & Keidan LLP is a key port of call for crypto asset clients navigating regulatory risks, advising on FCA engagement, financial promotions, and AML registration. Clients praise the team for being ‘on the cutting edge of financial services advisory and non-advisory’. The group is headed by the ‘sharp and pragmatic’ Stephen Elam, who brings litigation and regulatory knowledge to complex, contentious issues, representing both crypto clients and a range of financial services corporates and individuals. Sam Roberts is recognised for his expertise in cross-border issues involving brokerage, platform compliance, and regulatory enforcement in both traditional and digital asset markets, with a focus on crypto-related litigation.

Responsables de la pratique:

Stephen Elam


Autres avocats clés:

Sam Roberts; Elizabeth Meade; Jon Felce; Kajal Patel


Les références

‘Elizabeth Meade is very competent for her level and often stood in for Sam when he was not available. No negative impact was felt when she stood in.’

‘CYK have carved out a real niche for themselves. They are able to provide commercial law expertise to rival any of their larger competitors. And yet they do so at a fraction of the cost. They are a true boutique outfit.’

‘Sam Roberts is a star. He has a brain the size of a planet and is an astute strategic thinker. Top drawer material.’

Principaux clients

Tether


JNFX Limited (Giwa)


JNFX Limited (Ploutheos)


iFinex Inc (trading as Bitfinex)


Principaux dossiers


  • Acting for Tether in relation to a number of cryptoasset related claims and recovery proceedings in which relief or damages is sought from Tether.
  • Acting for two defendants in the £6 billion claim brought by Tulip Trading Ltd, a corporate alter ego of Australian computer scientist, Craig Wright. in relation to the alleged hack of Dr Wright’s home network and theft of private keys for approximately 110,000 bitcoin and related digital assets.
  • Acting for JNFX in relation to claims brought by a Nigerian currency broker who has taken assignment of claims of MultiChoice Nigeria.

DAC Beachcroft LLP

The team at DAC Beachcroft LLP is jointly led by Angela Hayes, who is praised by clients for her ‘specialist advice and support.’ Hayes is a veteran contentious lawyer who frequently handles allegations of market abuse, trading errors, transaction reporting, bribery, fraud, or misconduct. The practice is co-led by the ‘bright, astute and very experienced’ Jonathan Brogden, who excels at the intersection of financial crime, fraud and regulatory defence, including multi-jurisdictional disputes, contentious crypto asset matters, and high-profile enforcement actions.

Responsables de la pratique:

Jonathan Brogden; Angela Hayes


Les références

‘Very able, well-resourced team of dispute resolution lawyers.’

‘Jonathan Brogden is the partner I have had most dealings with. Bright, astute and very experienced.’

‘DAC Beachcroft is a regular presence in the highest-profile cases in this sector. Their immense professional negligence experience complements their contentious financial services practice perfectly.’

Principaux clients

Habib Bank Zurich (UK)


Platinum Capital


David Boardman


Polar Capital


Equity For Growth Ltd


CMC Capital Markets


Moneygram


Principaux dossiers


  • Representing Equity for Growth Ltd and key executives in relation to various actions by the Financial Conduct Authority, including an enforcement investigation into its historic s.21 FSMA approvals for mini-bond promotions.

Fieldfisher

Noted for FCA intervention work, Fieldfisher has an established regulatory team with expertise in market abuse, market manipulation, and litigation. Building on a client base of retail asset managers and city broker dealers, the ‘steady and reliable’ team now also advises price comparison websites, peer-to-peer lenders, among other clients. A key contact for a host of financial institutions, including retail banks and asset managers, Simon Lafferty heads the practice. Duncan Black specialises in contentious regulatory, financial regulatory, and banking litigation matters, offering standout experience in his current roles in the Upper Tribunal and Tax and Chancery Chamber. Sam Clyndes offers enhanced FCA experience and technical knowledge.

Responsables de la pratique:

Simon Lafferty


Autres avocats clés:

Duncan Black; Sam Clyndes


Les références

‘What makes this team stand out is the level of calm and clear advice they offer in situations that can be genuinely stressful. They are not just technically sound, although they certainly are, but they also bring a sense of strategic judgement that clients value.’

‘Sam Clyndes and Duncan Black, in particular, excel at reading the room, whether that involves the regulator or internal considerations, and they tailor their advice accordingly. You don’t feel like you’re getting the same recycled answer each time. It is thoughtful, measured and, most importantly, practical.’

‘Sam Clyndes and Duncan Black are both excellent to work with. What sets them apart is the way they combine deep regulatory expertise with a very grounded and measured approach. They do not just tell you what the rules say. They help you understand how the regulator is likely to view a situation, what the risks really are, and how to handle things in a way that is both robust and realistic.’

Principaux dossiers


Greenberg Traurig, LLP

Greenberg Traurig, LLP provides ‘clear, calm and strategic advice’ to businesses and individuals, offering a comprehensive service in regulatory issues, enhanced by deep experience with the FCA, PRA, RDC and the Upper Tribunal. ‘One of the most accomplished players in the sector’, practice head Matt Hancock boasts extensive experience advising individuals and corporates on FCA and PRA enforcement and supervisory matters, including issues under the Senior Managers and Certification Regime. Tim Dolan has deep expertise in UK and EU regimes, regularly advising institutions and individuals on the application and interpretation of FCA and PRA rules, authorisations, supervisory engagement, and ESG-related regulatory change. Katharine Bond, noted for her focus on FCA and PRA investigations, enforcement, and supervisory engagement, is recommended for matters at the intersection of regulatory scrutiny, employment law, and internal investigations.

Responsables de la pratique:

Matt Hancock


Autres avocats clés:

Tim Dolan; Katharine Bond


Les références

‘I know Matt Hancock, who specialises in regulatory compliance, at Greenberg Traurig. He is an excellent lawyer, and always accurate and prompt with his advice. He is a credit to his firm.’

‘Greenberg Traurig have risen astonishingly quickly with a slew of impressive high-profile recruits to become a leading player in the contentious financial services sector.’

‘Matt Hancock is one of the most accomplished players in the sector, with superb client-management skills and a deep appreciation of what is required to win a case. Annabel Thomas is a stand-out partner in heavy and complex cases.’

Principaux clients

Crane Bank Limited (and its shareholders)


 


Principaux dossiers


  • Represented Ugandan bank, Crane Bank, and its shareholders, in a claim issued against 15 defendants following special measures taken by the Central Bank of Uganda (the BoU) as part of a corrupt scheme to take control of Crane Bank and misappropriate its assets. The damage and loss suffered is in excess of USD $250 million.

Hickman & Rose

Hickman & Rose's regulatory and white-collar criminal defence capabilities, combined with its strong litigation bench, make the firm well-placed to act for organisations, executives, and high-net-worth individuals facing professional fallout from FCA and FRC investigations. The team is led by the ‘smart and tactically astute’ Andrew Katzen, whose workload consists of insider dealing, market abuse, unauthorised financial business, non-financial misconduct and breaches of FCA regulations. ‘Unfazed by any challenge’, Claire Wallace is a key contact for various high-net-worth individuals and other prominent figures facing both criminal and regulatory investigations. Co-founder Ben Rose handles FRC and FCA matters for a diverse array of clients.

Responsables de la pratique:

Andrew Katzen


Autres avocats clés:

Claire Wallace; Ben Rose


Les références

‘Claire Wallace is extremely knowledgeable on the financial crime side, especially when acting for individuals.’

‘Significant market player in this space, especially for representing individuals.’

‘I have worked most, as co-counsel, with Tom Bushnell. He is a brilliant lawyer. Very comfortable with FCA and general investigation matters, he is extremely sensible, pragmatic, and user-friendly. He’s also just a very good person, which counts for a lot.’

Principaux clients

Bolelyy


Former VP (Finance) Autonomy


Principaux dossiers


Kirkland & Ellis International LLP

A key port of call for various fund sponsor clients, Kirkland & Ellis International LLP is equipped to advise on UK and international regulatory authorities, processes, and requests for information. The team is jointly headed by Julia Dixon, a ‘fantastic operator’, who leverages extensive experience in regulatory supervisory activity, investigations, and proceedings. Marcus Thompson excels in business-related criminal matters for private equity firms and related portfolio companies, notably anti-money laundering, anti-bribery, and corruption.

Responsables de la pratique:

Julia Dixon; Marcus Thompson


Les références

‘Key strengths of the firm are the breadth, depth of its bench strength and its extensive network of global partners.’

‘Growing practice. Experienced and good leader in Julia Dixon.’

‘Julia Dixon is a fantastic operator and lawyer.’

Principaux dossiers


Mayer Brown International LLP

Noted for its strong international regulatory practice, the team at Mayer Brown International LLP is well-placed to address an array of issues facing major financial institutions, spanning banking, insurance, investment firms, asset managers, funds, and fintech, including crypto and digital assets. The practice is headed by Christopher Chapman, credited for his ‘insightful and pragmatic advice’, is a key contact for financial institutions and senior managers on FCA and PRA enforcement, investigations, and high-stakes disputes involving market abuse, governance issues, and cross-border regulatory scrutiny in banking and insurance.

Responsables de la pratique:

Christopher Chapman


Les références

‘Chris Chapman’s team really listened to what we needed and developed a strategy and approach that worked for us as a client. We sought quotes from other law firms, and it was clear that they would do what they thought best, rather than listen to their client.’

‘Chris Chapman provides insightful and pragmatic advice, quickly getting to the core issue and delivering what’s required. The depth of his knowledge and expertise in this area is clear, and he applies a commercial approach to create user-friendly advice.’

Principaux dossiers


Pallas Partners LLP

Litigation and disputes boutique firm, Pallas Partners LLP has been on a growth trajectory since its launch in 2022, drawing praise for its ‘comprehensive attention to and mastery of detail’. The group boasts deep knowledge of regulatory bodies, including SFO, FCA, PRA, DOJ, SEC and CFTC, as well as financial crime, insider trading, corruption, sanctions, whistleblowing, conduct, privacy, culture, ESG-related matters, and other sensitive issues. The team is jointly led by ‘robust and fearless’ Matthew Getz, who leverages his US/UK dual-qualification to represent multinational financial institutions, and the ‘fantastic’ Tracey Dovaston, who brings extensive experience in complex litigation matters.

Responsables de la pratique:

Matt Getz; Tracey Dovaston


Autres avocats clés:

Alessia de Quincey


Les références

‘Tracey Dovaston really gets to know her clients and what they need and is great at finding effective ways to support them and their business objectives.’

‘Tracey Dovaston is a fantastic communicator, level-headed and with unparalleled experience from her time in-house at Barclays. She is also a pleasure to work with, and delivers no-nonsense and effective advice to clients.’

‘Matt Getz is one of the most experienced sanctions lawyers around, robust and fearless in his client’s interests.’

Principaux dossiers


  • Acting for two large groups of Credit Suisse AT1 holders in relation to proceedings against FINMA, the Swiss financial regulator, following the purported write-down of the Credit Suisse AT1s in March 2023.

Sidley Austin LLP

Sidley Austin LLP retains a reputation as a trusted adviser in complex and politically sensitive investigations, frequently representing global corporations and individuals in a myriad of cases, from money laundering to international crime trials which overlap with regulatory enforcement concerns. Much of the work has an international element, demanding deep sector experience of both the UK and other jurisdictions' regulatory bodies. The London team is led by Sara George, praised for her capabilities in the 'most complex and high-stakes matters’, draws on experience as a former criminal barrister to advise corporates on matters involving market abuse, insider dealing, money laundering, fraud, and cyber breaches. George also represents clients in complex enforcement actions before the FCA, tribunals, and criminal courts.

Responsables de la pratique:

Sara George


Autres avocats clés:

Andrew Fox; Clive Gringras; David Smith; Jonathan Lafferty; Josie Welland


Les références

‘Sara George, truly brilliant at her job, and is willing to go the extra mile to deliver the best outcome for her client. Well-connected, amazing depth of knowledge and experience.’

‘The team, led by Sara George, are a strong presence in the market, associated with some of the market-leading work.’

‘Sara George is a market leader in contentious financial services work. She is simply outstanding. Her commitment to her clients is unmatched and her knowledge of the subject area deep and broad. A go-to solicitor for the most complex and high-stakes matters.’

Principaux dossiers


  • Represented the former UBS and Citigroup trader Tom Hayes, who was convicted of interest-rate rigging following a Serious Fraud Office-led trial on a pro bono basis in the Financial Services and Markets Tribunal in a successful challenge to a proposed prohibition order following his conviction for manipulation of LIBOR whilst the Criminal Cases Review Commission.
  • Representing the CEO of a hedge fund alleged to have committed market abuse in South Korea in an investigation by the Hong Kong Securities and Futures Commission and the UK Financial Conduct Authority into his fitness and propriety.

Squire Patton Boggs

Counting asset management firms, investment advisory firms, and fintech firms among its diverse roster of clients, Squire Patton Boggs handles a range of mandates, from advice concerning FCA regulatory investigations, skilled person reviews, and investment mis-selling disputes, to High Court litigation and claims to the FOS. Hannah Laming, regarded by clients as ‘impressive, approachable and a great lawyer’, draws on her experience in the FCA’s Wholesale Enforcement Division to act in cases involving market abuse, insider dealing, money laundering, and systems and controls breaches, regularly conducting internal investigations and defending clients facing enforcement and criminal scrutiny. Chris Webber is a key contact for skilled person reviews and FCA enforcement investigations, with recent work involving sanctions compliance, post-acquisition regulatory issues, systems and controls failures, and large-scale customer remediation. The firm has been bolstered by the addition of several partners, including Ellie Pinnels from Fieldfisher and Victoria Callicott from Eversheds Sutherland.

Responsables de la pratique:

Chris Webber; Hannah Laming


Autres avocats clés:

Ellie Pinnels; Victoria Callicott; Katherine Wakeham


Les références

‘SPB stands out for its unwavering dedication to client service. SPB consistently goes above and beyond, and combines deep legal expertise with a proactive, hands-on approach. I found that what sets SPB apart is the personalized attention clients receive, clear communication, and a tireless commitment to achieving the best possible outcomes. Always going the extra mile!’

‘Chris Webber is absolutely excellent, very responsive, and committed to his clients. Goes above and beyond to achieve the best possible outcome, and thinks creatively and strategically.’

‘Katherine Wakeham is exceptionally hardworking and committed to her clients. Excellent strategist and always on top of the details of her matters. Also, very pleasant to work with.’

Principaux clients

Brooks Macdonald plc


Independent Wealth Planners UK Ltd


Principaux dossiers


TLT

Noted for its capabilities in the retail financial services sphere, TLT represents retail banks, building societies, and consumer finance firms in sensitive regulatory issues and interactions with regulators, frequently engaging with the FCA, PRA, CMA and ICO. The team is also experienced in matters concerning mis-selling, fraud and whistleblowing. Manchester-based practice head James Chadwick is a seasoned litigator and contentious regulatory specialist with deep experience advising high-profile institutions and senior managers on complex investigations and enforcement actions, as well as Consumer Duty compliance, regulatory crisis response, and Section 166 reviews. In Bristol, Jonathan Hoey maintains a reputation for banking litigation. Richard Hayllar is a go-to for UK banks across lending disputes, contentious regulatory issues, receivership, and fraud.

Responsables de la pratique:

James Chadwick


Autres avocats clés:

Jonathan Hoey; Richard Hayllar; Amanda Hulme; Rupal Nathwani


Les références

‘Excellent understanding of the industry and team of talented lawyers.’

‘Rupal Nathwani is highly competent, efficient and knowledgeable – very responsive to client needs.’

Principaux dossiers


Withers LLP

Working closely with the firm's white collar crime department, Withers LLP's contentious practice spans senior executives, non-executive individuals and owner-manager businesses facing exits, disciplinary action and international investigations by the FCA, with an increasing specialism in crypto disputes and regulation. Practice head Harvey Knight is a key contact for senior managers seeking counsel on legal and reputational issues. Knight regularly handles complex regulatory permissions, supervision, enforcement, and internal investigations, often involving agencies such as the FCA, PRA, SFO, and overseas regulators, where his work spans crisis management, financial crime prevention, and navigating multi-agency scrutiny.

Responsables de la pratique:

Harvey Knight


Les références

‘Harvey Knight has an attention to detail, vast relevant experience, and a calm and reassuring approach, although he is friendly and helpful at all times. Honest and forthright appraisal of the case.’

‘Harvey Knight is the doyen of the FS Contentious world. He has an unparalleled record of acting for senior individuals and has achieved some fantastic results for his clients.’

‘The team is led by a lawyer who has worked for a UK regulator at a senior level, and is, therefore, very well-connected and can give meaningful advice on how to handle meetings with regulators. The advice is very practical without unnecessary legal jargon, and I got the impression that the firm really cared about the outcome for me.’

Principaux clients

State Bank of India (UK) Limited


Cardaq Limited


Mr Nailesh Teraiya


De Vere Group


Principaux dossiers


  • Advised State Bank of India (UK) Limited, following the collapse of the law firm, Axiom Ince into administration in the summer of 2023 with some £64 million missing and the Solicitors Regulatory Authority and Serious Fraud Office’s investigation of Axiom Ince’ principals and related parties. SBI is co-operating with these ongoing investigations as it was one of Axiom Ince’s banks.
  • Advised, Cardaq Limited, providing regulatory advice in relation to such regulatory issues as its implementation of Consumer Duty and anti-money laundering systems and controls.

BCL Solicitors LLP

Fielding an ‘efficient, proactive and competent’ team, BCL Solicitors LLP works with a range of high-net-worth individuals and senior executives, who turn to the team for its expertise in insider dealing, market abuse, market manipulation, mis-selling financial products, breaches of AML, breaches of internal policies, and other regulatory misconduct. Richard Sallybanks chairs the practice, bringing expertise on the full gamut of crime and regulatory investigations.

Responsables de la pratique:

Richard Sallybanks


Autres avocats clés:

Shaul Brazil; Shula de Jersey; Richard Reichman; Aleksandra Kardas


Les références

‘The team has very good people with extensive experience in all aspects of white collar crime litigation. They are efficient, proactive and competent. I would put them right in the top few firms in this field.’

‘Shaul Brazil and Shula de Jersey are all great. I value their experience and competence.’

‘Solid firm, with great reputation. Does work in this area at the highest level.’

Principaux dossiers


Burges Salmon LLP

With a team across Bristol and London, Burges Salmon LLP is praised by clients for its ‘intelligence and deep understanding of technical areas of commercial law’, working with both regulators and private sector clients. ‘Outstanding' practice head, Matthew Kaltsas-Walker, acts for a mix of construction companies, financial services businesses, and energy companies. Suzanna Padmore is a specialist litigator, with niche expertise in pensions matters, including SIPPs and SASSs. Caroline Brown specialises in multi-claims litigation, banking and finance disputes, and professional negligence.

Responsables de la pratique:

Matthew Kaltsas-Walker


Autres avocats clés:

Suzanna Padmore; Caroline Brown; Christopher Wenn; Kate Francis-Hughes


Les références

‘Excellent team. The best team in Bristol. Widely recognised as outstanding.’

‘Matthew Kaltsas-Walker is an outstanding lawyer. Highly intelligent and a deep understanding of technical areas of commercial law.

‘Christopher Wenn is a major rising star. Kate Francis-Hughes an excellent lawyer and very bright.’

Principaux clients

Financial Services Compensation Scheme Limited


Principaux dossiers


  • Acting for the FSCS on a £150m portfolio of claims against defaulted SIPP operators and their PI Insurers (via the Third Party (Rights Against Insurers) Act 2010).
  • Acting for FSCS in its role as an intervenor in a Court of Appeal case concerning the function of the Third Parties (Rights Against Insurers) Act 2010.

Constantine Law Limited

Constantine Law Limited boasts a particular strength in handling internal investigations and disciplinary proceedings involving both FCA and PRA exposure and non-financial misconduct, regularly working closely with the firm's employment law team. The group is led by Sarah Wallace, a ‘brilliant strategist and excellent all-around lawyer’ who works with various senior executives and firms involved in FCA, SFO, and DOJ investigations. Wallace is especially noted for her defence-side work in complex enforcement actions, including LIBOR and insider dealing cases. The team was strengthened by the arrival of John Milner in March 2025.

Responsables de la pratique:

Sarah Wallace


Autres avocats clés:

John Milner


Les références

‘A boutique firm with excellent expertise in Financial Services.’

‘Sarah Wallace is a brilliant strategist and excellent all-around lawyer who really fights for her clients.’

‘Sarah Wallace has experience on both sides of the fence, being a former regulator. She is very much someone you want on your side in contentious regulatory matters.’

Principaux dossiers


DWF

Lauded for its ‘tenacious and meticulous work’ as well as its ‘positive, solution-focused attitude’, the team at DWF works with clients across the full suite of regulatory issues, frequently advising on FCA supervisory actions. Practice head Robbie Constance, praised for his ‘unwavering commitment to detail’, advises various retail investment firms, maintaining a reputation for conduct risk, regulation, proposition, and distribution work. Lucy Tolond handles high-value claims against financial professionals, disputes over policy coverage, appeals to the Supreme Court, and regulatory complaints brought before the FOS. Regularly defending individuals and corporates in financial crime investigations, Euros Jones frequently advises on prosecutorial actions by authorities such as the SFO, FCA, HMRC, and CPS.

Responsables de la pratique:

Robbie Constance


Autres avocats clés:

Lucy Tolond; Euros Jones; Aaron Osborn


Les références

‘They are tenacious and meticulous in their work, consistently showing a high level of professionalism while maintaining a positive, solution-focused attitude. What stood out even more was their network — being so well-connected meant they could quickly bring in other trusted consultants when needed, which saved us time and gave us peace of mind. Their support has not only helped us resolve legal matters effectively but has also contributed to the growth and development of our business. I would not hesitate to recommend DWF to anyone seeking a regulatory solicitor who goes beyond expectations.’

‘I had the pleasure of working with Aaron Osborn and cannot recommend him highly enough. Throughout our case, he demonstrated incredible tenacity and an unwavering commitment to detail. His approach was rigorous and thorough, yet always delivered with a calm, positive demeanour, making a stressful situation feel far more manageable. I felt confident and supported every step of the way.’

Principaux dossiers


Gowling WLG

A ‘responsive, professional, and committed’ team, Gowling WLG represents financial institutions in the full gamut of regulatory matters. The team has extensive experience in FCA and PRA authorisation, supervision, and enforcement, boasting niche expertise in the regulatory aspects of fintech, including blockchain developments and cryptocurrency. Praised as a ‘stand-out partner’, James Sidwell brings specialist experience in financial services litigation, fraud, regulatory enforcement, and asset tracing. Adept in multijurisdictional mandates, Catherine Naylor's specialisms include fraud, regulatory breaches, and cryptocurrency disputes.

Responsables de la pratique:

James Sidwell


Autres avocats clés:

Catherine Naylor


Les références

‘The team at Gowling is highly impressive, with particular recognition due to James Sidwell, a standout partner in the team. James brings sharp strategic insight and deep experience to complex financial regulatory matters. His calm, focused approach and clear advice are invaluable in high-pressure situations. The team as a whole is responsive, professional, and committed to achieving the best outcomes for their clients. Matters are well-resourced, and the team effectively managed to ensure cases are handled with the utmost professionalism and efficiency. I would highly recommend the team at Gowling for expert representation in the field of financial services.’

‘James Sidwell is a stand-out partner in financial services. I’ve worked with James on a highly complex financial services matter and have been impressed by his sharp insight, calm under pressure, and clear, strategic thinking. He understands the industry inside out and consistently delivers results. A trusted advisor and a true professional – I wouldn’t hesitate to recommend him.’

Principaux dossiers


  • Advised certain individuals at Grant Thornton LLP, the newly-appointed liquidators of Stanford Bank, on all matters concerning Stanford Bank’s UK assets (approximate value: USD 110 m), including seeking the release of a restraint order obtained in 2009 by the Serious Fraud Office on behalf of the US Department of Justice.

King & Spalding LLP

Cross-border mandates constitute a core part of King & Spalding LLP’s offering, notably at the intersection of US and UK contentious regulatory mandates, where the team works in conjunction with its US office. Praised for its ‘heavy-hitting financial services litigation practice’, the firm is well-equipped to support individuals, executives, and corporates. Practice head Aaron Stephens draws on his US/UK dual qualification to advise clients on the full spectrum of criminal and regulatory investigations, including fraud, regulatory breaches, and cryptocurrency disputes.

Responsables de la pratique:

Aaron Stephens


Les références

‘Heavy-hitting financial services litigation practice; leading insurance regulatory practice.’

Principaux clients

Deutsche Bank


Principaux dossiers


  • Acting as global counsel for Deutsche Bank in various class and direct-action litigation matters that are/were proceeding in the UK High Court, UK Competition Appeal Tribunal, the Southern District of New York, Canada, Israel and Brazil. All the matters relate to the previous criminal and regulatory investigations into alleged manipulation of the global foreign exchange market by traders at various FX dealer banks.

Milbank

Milbank represents both individuals and institutions across the full spectrum of investigation, regulation, and litigation work, particularly in matters with a transatlantic dimension.  ‘Sharp, responsive, and easy to work with’, practice head William Charles is a go-to figure for multi-agency investigations and enforcement actions involving issues such as insider dealing, market manipulation, AML breaches, and mis-selling.

Responsables de la pratique:

William Charles


Les références

‘What sets this legal practice apart is its combination of deep subject-matter expertise with an agile and client-focused approach. We appreciated the team’s ability to quickly understand complex issues and deliver clear, actionable advice.’

‘Will Charles was our go-to contact. We found him sharp, responsive, and easy to work with.’

‘The regulatory legal and financial industry knowledge of the Milbank team is outstanding. Their availability and response time are unmatched in situations where time is of the essence.’

Principaux dossiers


Shoosmiths LLP

Shoosmiths LLP is noted for its expertise across the full spectrum of regulatory enforcement proceedings and investigations, including misconduct and whistleblowing, financial crime issues such as AML and sanctions breaches, s166 and s168 reviews, past business remediation, witness and suspect representation, and related follow-on litigation. The team also offers support on compliance audits, senior manager approvals, and regulatory change implementation. The London team is headed by Daren Allen, a key port of call for large corporations, financial institutions, governments, and individuals. Andrew Bowden-Brown is recommended for his work with asset-based lenders and banks.

Responsables de la pratique:

Daren Allen


Autres avocats clés:

Andrew Bowden-Brown


Les références

‘The combination of technical expertise and commercial awareness is exceptional.’

‘Daren is on top of his game: commercially savvy, unimpeachable on the law, and with great client skills.’

‘Really easy to work with, and inspire confidence in both clients and counsel.’

Principaux dossiers


Trowers & Hamlins LLP

The financial services group at Trowers & Hamlins LLP covers the full range of unregulated and regulated funds, representing hedge funds, real estate, commodity trade advisers, private equity firms, and closed-end listed funds. Sean Donovan-Smith continues to lead on complex matters, drawing on decades of experience in the sector.

Responsables de la pratique:

Sean Donovan-Smith


Principaux clients

Linear Investments Limited


Nvayo Limited


Principaux dossiers


  • Advising Linear Investments on complaints referred to the Financial Ombudsman Service, leading to a judicial review over its reclassification of clients as ‘Professional Clients’ under FCA rules. The case is pending a Court of Appeal hearing in July 2025.
  • Advising Nvayo Limited following the May 2023 arrest of its CEO and UBO in the US, including on FCA restrictions imposed in August 2023, a section 166 FSMA skilled person review, and Upper Tribunal proceedings.