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Financial services

We're one of the largest providers of legal services to the financial services sector in the UK, which means we have the expertise, resource and flexibility to find competitive advantage and capitalise on market opportunities.

The financial services sector faces unprecedented scrutiny from regulators, parliament and the media. We help our clients manage that scrutiny and the associated legal and reputational risks critical to operating in the sector.

Clients say they instruct us for our open and honest approach towards understanding their strategy, and our ability to partner with them to achieve their objectives.

We have long-standing relationships with many of the UK's largest clearing banks. We also work alongside building societies, a wide range of international banks, specialist lenders, merchant services and payment gateway providers.

The team has genuine sector expertise, supporting clients across a variety of areas from banking and finance and dispute resolution, to regulatory and restructuring.

Clients instruct us on strategically important matters, particularly in areas like disputes and regulatory. We have expertise in specialist areas like payment services, project finance and financing for social housing, real estate and renewables projects.

We are well known for our expertise in insolvency and restructuring and our wider service offering, including specialist advice on data protection, intellectual property, information technology, outsourcing and procurement, employment, pensions and benefits.

Clients also frequently instruct us to support on large scale projects, investigations, and mortgage enforcement work, benefiting from our investment in the right systems and resource to deliver the expertise, customer service and efficient support that they need.

We advise in the three UK legal jurisdictions of England & Wales, Northern Ireland and Scotland. We have over 300 dedicated financial services lawyers across our offices, meaning we can pull the right expertise into bespoke teams to support our clients.

Highlights

  • Advising a bank on allegations of interest swap product mis-selling - supporting throughout the related Financial Conduct Authority review, involving extensive fact finding, interviewing customers and working with the appointed independent person.
  • Supporting Barclays with a comprehensive review of the sale of Interest Rate Hedging Products, including interviewing customers and capturing their experiences. 
  • Acting for a major Irish bank in the financing of the acquisition and development of a large hotel, dealing with the banking, real estate and hotel licensing aspects as well as overall transaction management.
  • Advising WHSmith on their committed syndicated revolving credit facilities of up to £93 million with a £90 million accordion. The facilities were provided equally by the group's four relationship banks.
  • Advising a short term lender in connection with the FCA's pay day sector thematic review. This included advising them on interactions with the regulator on notifications and legacy issues.

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