No industry is more inventive – or more highly regulated – than the financial services industry. So a law firm in this field needs to be quick thinking. Our financial services team is equipped to provide advice in this fast-changing and fluid market.
Our knowledge of the financial sector is both broad and deep:
Broad because our clients come from a range of financial services industries, encompassing investment management, insurance and pensions, banking and lending, as well as new services such as trading platforms, crowd funding enablers, e-money and payment services. And because of the geographical range that we cover, advising alongside local lawyers on financial services matters across Europe, major offshore centres, the US and Asia.
Deep because our lawyers have been in the business a long time, following the regulatory regimes as they have grown up.
With regulators now focused on outcomes-based regulation, and with traditionally separate markets and products lines converging and overlapping, it is vital for legal advisers to have this breadth and depth of understanding.
Our clients include some of the best-known names in the financial services arena. The fact that the FCA and HMRC come to us for assistance reflects our position.
Legal 500 UK 2014 says that we are 'knowledgeable, responsive and commercial' and are best known for our work within the funds industry.
Chambers 2013 says of us: "This financial services and funds team has a strong track record in providing innovative solutions, products and services to a client list with a heavy element of asset management and insurance companies."
Our non-contentious work includes advising on establishing and running regulated financial services businesses in the UK, financial services regulatory advice, investment funds, insurance, pensions, financial services advice requirements for corporates and corporate transactions, advising markets and exchanges and e-money and payment services. On the contentious side, we act for clients resolving financial services disputes, with financial services contentious regulatory advice and enforcement, and on internal investigations.
Notable deals / highlights
Advised Threadneedle on its acquisition of the Liverpool Victoria asset management businesses.
Acted on the conversion of Kent Reliance Building Society into a bank.
Advised B&CE Benefit Schemes on the establishment of novel insurance and pension products, including the policy terms for its stakeholder insurance based pension product, EasyBuild and recently the trust based People's Pension.
Acted on Re Lehman Brothers International (Europe)  UK SC6: Supreme Court litigation on the meaning of the FSA's client money rules.
Advised the Royal Institute of Chartered Surveyors on its establishment as a designated professional body and writing its DPB Rule Book.