DEPARTMENT PROFILE

3 Verulam Buildings

Banking & Finance

28 ranked barristersBand 1London (Bar)UK Bar 2021 View ranking table
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Ranked Barristers
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Ranked Barristers

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3 Verulam Buildings remains a pre-eminent set with an excellent reputation in the City, noted for its expert handling of banking and finance matters. The set houses an extensive range of market-leading practitioners, who are skilled at tackling diverse contentious and non-contentious financial matters. Barristers here are frequently instructed to act both for and against multinational banks in cases of the utmost complexity and market profile. Highlight work includes recently defending Barclays Bank against the £1.5 billion lawsuit brought by Amanda Staveley of PCP Capital Partners. Members of the set are also proficient at dealing with claims concerning civil fraud, professional negligence and the mis-selling of financial products. Sources say that "the barristers, across the board, are very friendly, knowledgeable and give you commercially astute advice," and add: "The joy of the set is that if the people you like aren't available, there's a wealth of other talent you can use."

Client service:

"3VB stands out as the best clerked set I know; they are tremendously responsive and helpful, competitive on price, and will always find someone to help you out at short notice." "The clerks are in depth, knowledgable and well connected. They provide a very relevant and timely service." Stephen Penson and Stuart Pullum are the senior practice managers.

Strengths:

Adam Kramer QC
Highly accomplished individual experienced in acting for national and international banks, administrators, liquidators and funds in a broad range of financial cases. He has an impressive track record in handling class actions as well as claims relating to fraud, contracts and derivatives.
"He is absolutely brilliant and gets right to the heart of the matter with an overwhelming intellect. He is also great on his feet." "He is exceptional and fiendishly clever." "A fierce intellectual who is never beaten on the law. As an advocate, or in pleading, he is top notch."
Recent work: Acted in the case of Wilson v Lead Capital Markets, a £1.3 million claim arising out of online derivatives trading.

Strengths:

Adrian Beltrami QC
Has an exceptional banking practice alongside his wider commercial and insolvency expertise, and acts for leading domestic and multinational retail and investment banks. He is adept in handling financial matters pertaining to mis-selling claims, fraudulent misrepresentations and outstanding loan disputes.
"An incredibly hands-on silk who is not afraid to roll up his sleeves and get stuck in. He is excellent with clients." "Adrian is hard-working, sophisticated, thorough and never flustered. He's everything you want in a leader." "He is absolutely superb, very clever and very insightful."
Recent work: Acted for Barclays Bank in an USD850 million dispute with Red Kite Management. The case involved allegations that Barclays used confidential information when trading on the London Metal Exchange to the detriment of numerous hedge funds.

Strengths:

Ali Malek QC
Has an impressive practice and acts in a wide range of financial cases, frequently with cross-border elements, appearing for investment managers, private businesses, and domestic and international banks. His work often encompasses fraudulent matters and conspiracy claims, and he is also an expert in matters relating to aviation finance and derivative disputes.
"A very impressive leading advocate in banking and finance disputes." "He is smooth, calm under pressure and always commands the respect of judges. He always knows the right way to present something complex."
Recent work: Acted in the case of Republic of Kazakhstan v Bank of New York Mellon, a multi-jurisdictional dispute concerning attempts to enforce a USD500 million arbitration award against the National Fund of Kazakhstan.

Strengths:

Andrew Onslow QC
Well-renowned banking litigator who is an expert in fraud and professional negligence and a well-known face on the arbitration scene. In recent years he has been consistently involved in some of the most consequential banking and finance cases, and has acted in a range of multi-claimant and group action matters, appearing for both national and multinational finance entities.
"He is fabulous. Very good and thorough with an impressive court manner." "He is a great barrister - able and unpretentious."
Recent work: Acted for the claimants in the case of RGL v Clydesdale Bank, concerning a claim against Clydesdale and National Australia Bank for misrepresentation in relation to tailored business loans.

Strengths:

Andrew Sutcliffe QC
Has a strong practice spanning banking and finance, civil fraud and professional negligence matters, and has further expertise in media and entertainment cases. He advises on a wide array of matters and acts for leading banks and financial institutions.
"He is astute and sharp." "He absolutely knows his stuff and knows how to work in front of a judge and a courtroom, undermining opponents when there's any gap."
Recent work: Acted for the defendant in the case of Parmar v Barclays Bank, which concerned a £1 million swaps mis-selling claim.

Strengths:

Charlotte Eborall
Boasts a proficient practice handling matters for a wide range of retail banks and has experience in cases concerning contract breaches, swaps disputes and fraudulent misrepresentations, to name but a few areas. She regularly acts in the High Court and has particular expertise in the consumer law and financial regulation spheres.
"She is very smart, thoughtful and works well with the team." "She digests the documents very quickly and gets up to speed very quickly." "Charlotte is a brilliant advocate, years ahead of her call."
Recent work: Acted for RBS and NatWest in claims brought by Mr Broomhead, a former customer of the banks, alleging breach of an oral collateral contract relating to his overdraft and loan facilities.

Strengths:

Christopher Bond
A promising junior developing a reputable practice covering the full range of commercial litigation. He has noted expertise in banking and finance, civil fraud, professional negligence, and insolvency and restructuring. Bond regularly represents national and international banking and financial institutions.
"He has a good eye for the points of law that make a difference for his client and he has a very nice style." "Christopher is very easy to work with because he is calm, unflappable and measured on his feet."
Recent work: Successfully defended Salamanca Capital against a claim from Damazein Global Investments, alleging that the bank made a series of fraudulent and negligent misrepresentations which induced it to make a failed investment in a US-based clean energy company.

Strengths:

Christopher Burdin
An extremely capable junior with impressive experience acting in a wide array of high-value banking disputes. He is particularly well versed in cross-jurisdictional matters, often tackling international cases arising from civil fraud. "A very impressive barrister. He is very dedicated, thoughtful and cerebral in his approach." "He's technically excellent, has great attention to detail and is an impressive strategist. He has always been extremely diligent, friendly and approachable."
Recent work: Acted in Dexia Crediop v Comune di Prato, a case concerning six interest rate swaps entered into between Dexia and Prato.

Strengths:

David Head QC
Capable silk involved in a variety of complex banking cases, frequently concerning swaps mis-selling, professional negligence and misrepresentation claims. He acts for a wide array of banks and City institutions.
"David has a calm head, takes a very commercial, considered approach and tends to be unflustered. He is careful at selecting the right arguments to run and disregarding those that might not fly." "He's very user-friendly, very down to earth and very good with clients. He can put things in a way that the clients understand and he has a manner in court which keeps the judge onside."
Recent work: Acted on behalf of the National Asset Management Agency, the statutory body created by the Republic of Ireland in response to the 2008 financial crisis, to resist a £10 million claim by Alfred Street Properties, regarding multiple interest rate swaps.

Strengths:

David Quest QC
Well-renowned practice in the banking and finance sphere focusing on areas involving fraud, professional negligence and insurance disputes. He handles matters involving offshore elements and has experience in financial investigations and misrepresentation claims.
"David is very bright and creative. He comes up with clever points which you don't often anticipate, making him very effective." "David is a smart barrister. The judges always listen to him. He comes prepared and he's extremely quick."
Recent work: Defended Banque Havilland against allegations by the State of Qatar that Havilland was part of an international conspiracy of banks aimed at undermining the Qatari economy.

Strengths:

David Simpson
Adept at handling a broad range of banking disputes, including interest rate swap claims and mis-selling disputes. He acts for leading national and multinational financial institutions and has added experience in contentious regulatory proceedings. 
"An industrious, very bright and very committed barrister."
Recent work: Acted for the defendant in the matter of Sodha v Standard Chartered Bank. The case concerned an individual who claimed entitlement to recover a deposit from the bank which he alleged to have maintained with the bank in Uganda in the 1970s.

Strengths:

Ewan McQuater QC
Has an outstanding reputation as a highly versatile commercial silk with a well-established practice in banking and finance disputes. He offers related experience in practice areas including corporate restructuring and insolvency, and civil fraud. He is adept at handling international cases and appearing in foreign courts including the DIFC. McQuater frequently acts for both domestic and offshore banks and both private and commercial companies.
"He is a very strong leader, commands the courtroom and makes good judgement calls. He navigates the client interactions successfully as well." "A very strong senior silk. He is very tough, good on strategy and very hard-working, as well as really good on the detail."
Recent work: Defended Barclays Bank in its high-profile dispute with Amanda Staveley, the principal of PCP Capital Partners, relating to Barclays' £5.8 billion capital raising during the financial crisis. The complaint centres on allegations that Ms Staveley was deceived in relation to £360 million of fees and USD3 billion of loans being paid to Qatari investors in the same fund-raising.

Strengths:

Farhaz Khan
Has a strong practice in a wide range of financial services and banking disputes and has experience in cases concerning UAE law. He is particularly adept in the area of pensions as well as cases involving LIBOR rates and mis-selling claims.
"A very good banking and finance barrister who is extremely popular with clients and very thorough." "He has been involved in great cases and can walk the talk."
Recent work: Continued to act in the case of Lehman Brothers v Dubai Holdings, concerning a USD2 million claim brought by the claimant bank against a Dubai government holding company for default interest payments owed under an ISDA derivative.

Strengths:

Hodge Malek QC
Prominent silk who handles an impressive array of high-profile matters concerning PPI mis-selling, alongside general fund and trust disputes and allegations of fraud and money laundering. He is particularly active in representing international clients in both domestic and overseas courts in a range of multi-jurisdictional matters.
"He thinks outside the box, but not in a pointless way!" "Malek is extremely adept."
Recent work: Acted in the case of PCCI v Nexus Management Group, which concerns a USD70 million banking fraud claim against 14 defendants. The case relates to money that was stolen from bank accounts in Malaysia and laundered through the Malaysian and international banking system.

Strengths:

Ian Wilson QC
Enjoys a good reputation with regard to his representation in banking matters, which commonly turn on issues of securities, swaps, options and structured financial products. He also has noted expertise in relation to the Consumer Credit Act. His practice further covers insolvency, commercial fraud, energy disputes and professional negligence. 
"Ian is extremely intelligent and completely unflappable. He's brilliant on his feet and exceedingly client-friendly." "I appreciate the clarity of his advice. His written work is always very good and he is a great trial advocate. He pays great attention to detail and has the ear of the judges."
Recent work: Acted for the defendant in the case of Holeszowski v Clydesdale Bank, which involved a successful application in the High Court to strike out a £36 million claim against Clydesdale, relating to the alleged fraud and conspiracy of a former employee at the bank.

Strengths:

Jonathan Davies-Jones QC
Highly experienced banking practitioner whose knowledge and understanding of the area is due, in part, to his previous career as an investment banker specialising in M&A. He is highly adept in managing litigation in the banking and commercial spheres and regularly handles multi-jurisdictional cases. Davies-Jones acts for a wide array of national and multinational banks in a range of high-value financial disputes and has additional expertise in the area of arbitration claims.
"He is a formidable barrister and a technically excellent, detail-oriented man." "He is a very clever and strong advocate."
Recent work: Acted for Co-op Bank in a dispute with Italian transport company Astra, arising out of the proposed sale of distressed debt assets and concerning issues of unjust enrichment.

Strengths:

Jonathan Nash QC
Has a superb practice in financial disputes involving such matters as distressed debt, bond issues and mis-selling allegations. He also has renowned expertise in derivative-related matters and regularly handles class actions and multiparty disputes.
"He displayed good advocacy and he had the ear of the judge." "He is always available and his responsiveness is outstanding. He is also very good in court - a calm, measured advocate who judges listen to."
Recent work: Continued to defend Genworth in a claim brought by AXA, regarding a £300 million sale and purchase agreement said to be due in respect of payment protection insurance mis-selling.

Strengths:

Liisa Lahti
Promising junior with expertise in a broad range of financial cases as well as disputes within the international trade and arbitration spheres. She often handles matters involving LIBOR manipulation and swaps mis-sellings.
"She's incredibly hard-working, very bright and has very particular specialised knowledge of LIBOR." "A very good junior counsel who is increasingly coming to prominence. She is a real talent and excellent on financial disputes."
Recent work: Acted for the claimant in HMG Investment Holdings v NatWest, a multimillion-pound claim for the mis-selling of interest rate hedging products.

Strengths:

Lisa Lacob
Experienced junior with expertise in acting for claimants in a wide variety of financial disputes. She frequently advises on mis-selling claims, breach of duty allegations and misrepresentation issues, and further handles mortgage lending cases.  Her practice benefits from her experience working as a solicitor for a leading international firm's banking group, which gave her particular insight into syndicated lending and securitisations.
"Lisa is an extremely knowledgeable, capable and effective barrister." "She's incredibly responsive, commercial and really strong with the court. She can digest a huge amount of material on short notice."
Recent work: Represented a large group of claimants in proceedings against Clydesdale Bank and National Australia Bank regarding the sale of tailored business loans. The allegations concern fraudulent misrepresentations about the breakage costs customers were required to pay to exit these products.

Strengths:

Matthew Hardwick QC
Accomplished in acting both for and against an array of domestic and international banks in cases frequently concerning fraud disputes and breaches of contract. He has an established practice partly built on matters arising from the 2008 financial crash, particularly PPI and swaps mis-selling disputes.
"He has great energy, gets on top of the facts quickly, and is so good on his feet." "He's very good and has a bit of stardust about his advocacy. A very impressive barrister." "A very insightful, very helpful and very candid barrister."
Recent work: Successfully defended Greystone against a deceit and negligence claim brought by Vincent Walsh, an ex-RBS banker, concerning a series of film investment schemes.

Strengths:

Matthew Parker QC
Well-regarded barrister with a solid reputation in relation to banking and finance cases. He has further expertise in handling civil fraud and professional negligence matters, as well as those dealing with offshore issues. Parker is equally adept at handling disputes involving bank payments, instruments and security documents. He acts for a diverse range of clients including leading foreign and domestic banks, private business holders, regulatory bodies and, most notably of late, institutional investors.
"He is very approachable and responsive. He is also very commercially minded and very hands-on." "Matthew is an eloquent speaker, a persuasive advocate and very easy to work with. He has an excellent manner with both solicitors and clients."
Recent work: Acted for co-defendant Mr Bogolyubov in the case of PrivatBank v Kolomoisky & Others. The case concerns a USD2.6 billion damages claim brought by PrivatBank against two of its former shareholders.

Strengths:

Michael Lazarus
Highly accomplished senior junior experienced in managing bond issues, asset acquisitions and fraud matters. He handles a wide range of litigation and arbitration cases, and is also adept at matters surrounding IT and telecoms disputes, making him well placed to handle cases at the intersection of finance and computing.
"One of the best senior juniors around and the smartest barrister I have come across. He's very user-friendly, very good value for money and very efficient." "Michael is very methodical, measured and really understands the detail."

Strengths:

Nathaniel Bird
An increasingly prominent junior who garners praise for his expertise in commercial banking disputes. He frequently acts in high-profile matters dealing with civil fraud, as well as being skilled in international arbitration. "Nathaniel is fantastic. He's very sensible and massively easy to deal with." "He was incredibly capable, very diligent and exceptional for someone at his level."
Recent work: Acted for litigation funder Vannin seeking to recover £14 million from the RBOS Shareholders Action Group under two litigation funding agreements relating to the RBS Rights Issue Litigation.

Strengths:

Peter de Verneuil Smith QC
Well-regarded silk whose strong commercial chancery practice and expertise in fraud has gained him a burgeoning reputation in finance cases. He is adept at handling large-scale shareholder disputes, cases around securitisations (such as disputes concerning the correct construction of swap terms), and matters regarding loans and guarantees.
"Peter is very polished, tenacious and realistic in that he doesn't argue bad points of law." "He really stands out for his level of cool. He judges cases and identifies the key issues extremely well and articulates how those issues map onto the client's situation."
Recent work: Acted for the claimant in the case of Manning & Napier v Tesco. The matter involved a USD300 million claim for losses to Tesco shares held by American investment funds following the revelation in September 2015 that Tesco had engaged in improper accounting practices which inflated its profits.

Strengths:

Richard Hanke
Well-renowned practitioner with expertise in acting for prominent financial institutions with multinational branches. His practice frequently covers the commercial fraud, insolvency and financial services regulation sectors, giving him a broad perspective when handling banking disputes.
"A very strong advocate. He's incredibly well organised and inspires confidence in all those who use him." "Richard is phenomenally detailed, masterfully commercial and very quick on his feet in changing circumstances."
Recent work: Acted for NMR Rothschild & Sons in an unfair relationship claim brought by Carney & Fox, concerning loans advanced to the claimant pensioners and secured over properties in Spain and investment portfolios.

Strengths:

Richard Salter QC
Excellent silk accomplished in handling banking disputes at all levels of court, both nationally and internationally. He has been called to numerous foreign Bars including the Eastern Caribbean, the BVI and the Cayman Islands, and has recently appeared in the Bahamian courts. Salter has additional noted expertise in commercial disputes and arbitration proceedings, and sits as an arbitrator in the ICC and LCIA and other arbitral forums. He is highly experienced in cases involving payment recoveries, confidentiality breaches and investment disputes, among others.
"He has seen it all before and has fantastic authority." "He is terrific. A punctiliously accurate barrister."
Recent work: Advised Citibank in its capacity as trustee of USD451 million senior notes issued by Russian Standard, as to its obligations and rights following default and acceleration of the notes.

Strengths:

Scott Ralston
Well-regarded practitioner experienced in handling a wide range of banking and general commercial litigation. He has expertise in misrepresentation disputes, compensation claims and cases concerning financial issues relating to property.
"A brilliant banking barrister - immensely hard-working and capable." "A very strong junior with an easy and effective style in oral and written presentation. He is very concise and precise." "He is fantastic on forensic detail and really rolls up his sleeves and digs in."
Recent work: Acted for the Republic of Mozambique in a series of bribery and corruption claims brought by the Republic against Credit Suisse and French-Lebanese shipbuilding magnate Mr Iskandar Safa, as well as entities in his Privinvest group of companies.

Strengths:

William Edwards
Well-established junior whose practice includes arbitration, insolvency, fraud and negligence matters alongside his central expertise in banking and finance. His caseload covers structured financial products, corporate and personal lending, debentures and other security interests, and trade finance. He is adept at working on cross-border matters involving offshore banks.
"He stands out as an extremely bright, quick-minded and incredibly strong advocate." "William is outstanding. He is very thorough in preparation, very calm, and when put under pressure by the judge he never flounces around; he will have the answer and he gives it."
Recent work: Acted for Kazakhstan and the National Bank of Kazakhstan in two sets of proceedings involving attempts to enforce a USD500 million arbitral award against Kazakhstan.

Banking & Finance Department

3 Verulam Buildings

firm
Department location

3 Verulam Buildings

Gray's Inn

London

Greater London

UK

WC1R 5NT

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Ranked Barristers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Silks (QC)

London (Bar)

Banking & Finance


Adam Kramer QC
New Silks
Adrian Beltrami QC
Star Individuals
Ali Malek QC
Band 1
Andrew Onslow QC
Band 2
Andrew Sutcliffe QC
Band 3
David Head QC
Band 4