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Clare Stothard

Clare, Stothard, 280

Partner

London
0333 006 0072
clare.stothard@TLTsolicitors.com


About Clare

Clare trained in the City of London with Lovell White Durrant (now Hogan Lovells) qualifying into its litigation team, where she spent several years acting for a leading toy manufacturer. She joined Matthew Arnold & Baldwin in 1993 and was made a partner in 1996. In 2012 she was appointed to Matthew Arnold & Baldwin's management board, which she chaired between 2012 and 2016. Having co-founded the Banking and Finance practice in Matthew Arnold & Baldwin's Watford office, together with Steven Mills, Clare oversaw that firm’s appointment to numerous legal panels over a 10-year period whilst building a national reputation for banking litigation and winning a number of awards along the way. Recent Legal 500 commentary states that her team is “more than a match for City firms”.

In February 2016 Clare joined Dentons UK and Middle East LLP. She was appointed to its Board in 2017 and made responsible for the delivery element of its 3 year strategic plan in 2018. Clare was the relationship partner for two of the firms largest banking clients. 

Clare joined TLT in November 2020 together with all of her clients.

Clare is highly experienced in all aspects of investment and retail banking litigation, financial crime, regulatory compliance and investigations. In recent years her particular focus has been on litigation relating to the misselling of derivatives and she has taken the lead role for one particular financial institution in setting up a section 166 Review and subsequently taking numerous cases to hearings and trial in both the High Court and Court of Appeal in respect of the duty of care owed by the banks. She has recently also obtained judgment for Barclays in the leading case of Philipp v Barclays Bank PLC which is the first time that a court has considered the application of the Quincecare duty in the context of authorised push payment fraud. 

Clare has been constantly recommended in the legal directories over the past decade. Recent editions of Chambers and Partners cite clients as praising her for being: “very tactical with strong instinct for strategic case management. She’s calm and good under pressure in court or at mediation. Invaluable support.” They also commend her for her "thorough advice and extremely conscientious approach". In recent editions of The Legal 500, clients describe her as “extremely impressive – very strong on tactics and overall strategy” and simply as "brilliant".

Clare is a regular contributor to legal periodicals and has written for The Lawyer, Legal Week, The International Journal of Banking Law, Solicitors Journal, The Law Society Gazette and The Financial Times. She has also provided commentary on legal issues for Radio 5.

Jurisdiction: England & Wales

Recent cases include:

  • CGL v Royal Bank of Scotland PLC and Bartels v Barclays Bank Plc (co-joined in the Court of Appeal) being the leading case on the duty of care in a S166 Review
  • Parmar v Barclays Bank Plc being the first case on the application of S138D of FSMA
  • Elite Property Holdings V Barclays Bank Plc before the High Court and Court of Appeal in respect both of the duty of care in the FCA review and unlawful means conspiracy
  • Simer Kaur Dhillon V Barclays Bank Plc both in the High Court and Court of Appeal in relation to fraudulent transfers and the resulting impact on rectification under the Land Registration Act and
  • Philipp v Barclays Bank Plc in respect of the duty of care owed by a paying bank in cases of APP Fraud