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3 Verulam Buildings

Financial Services

9 ranked barristersBand 1London (Bar)UK Bar 2021 View ranking table
chambers review
Ranked Barristers
chambers review
Ranked Barristers

Chambers Review

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.

3 Verulam Buildings maintains a dominant position in the market for its impressive financial services practice. Members of chambers are keenly sought after for sophisticated, high-stakes regulatory concerns, and act for a prestigious client base including major banks, brokerages and private equity firms, as well as the regulatory bodies themselves. One impressed source notes: "The barristers across the board are very friendly, knowledgeable and provide commercially astute advice." Recent highlights for the practice include The State of Qatar v Banque Havilland & Vladimir Bolelyy, a hugely consequential multibillion-dollar claim involving allegations of fraud and conspiracy to undermine the Qatari economy.

Client service:

"The clerking is very much in the Premier League." "The clerks are very professional, easy to work with and good at getting hold of barristers at short notice." Stephen Penson is the senior practice manager.

Strengths:

Adam Temple
An increasingly prominent junior in the financial services sector, with solid experience of advising both the regulators and a range of banking and corporate institutions. He has recently been particularly active working for private clients on regulations concerning peer-to-peer lending and interest rate swaps. He is also noted for his work in relation to collective investment schemes.
"He's extremely bright, incredibly hard-working and very user-friendly." "He is tenacious and willing to run difficult arguments."
Recent work: Represented the FCA as sole counsel against a firm alleged to have conducted regulated activities without authorisation.

Strengths:

Ali Malek QC
A powerful advocate in the financial services sector, respected both for his highly effective and technical advice, and for his forceful representation of clients facing investigation and enforcement proceedings. He is particularly noted for his strength and experience operating internationally.
"A strong opponent. When he's in a case you know you've got a fight on your hands." "He is good for high-value, complex cases. A smooth operator."
Recent work: Represented Banque Havilland and Vladimir Bolelyy against the state of Qatar in a multibillion-dollar fraud claim.

Strengths:

Charlotte Eborall
Brings cutting-edge insight into the workings of the FCA, thanks in part to her time on secondment there. She has a good knowledge of Part VII transfers, as well as the regulatory space between consumer credit and financial services more generally. She represents both regulators and regulated companies.
"Very assured. A real specialist in the area." She provides thorough, clear and concise advice and she is excellent to work with."
Recent work: Advised Ernst & Young as the Skilled Person on the Santander ring-fencing transfer scheme.

Strengths:

Farhaz Khan
An widely admired junior with a growing following among the largest corporations and institutions in the sector. Instructed by both private clients and the regulator, and combining his knowledge in this area with a broader commercial and civil practice, he is well able to contend with the most complex and multifaceted issues in the space.
"One of the most creative and ingenious thinkers in this area of law. He is a delight to work with, very hard-working and driven." "An obvious choice for FCA regulatory matters and disputes involving complex financial products. He knows the issues back to front."
Recent work: Represented St James' Place Wealth Management against claims of providing negligent financial advice brought by a high net worth individual.

Strengths:

Hodge Malek QC
A towering figure in the financial services sector as a result of his work in a series of high-profile international cases on behalf of financial institutions as well as regulatory bodies. He is well versed in the rules concerning the operations of M&A and consumer credit programmes. 
"Hodge has a massive reservoir of experience to draw on. He is excellent on the technical issues and equally good on bigger-picture strategy. He always has the confidence of his clients." "An astute tactician who gives clear strategic advice and has an excellent understanding of the financial services regulatory environment. He is particularly strong in navigating complex international investigations and disputes."
Recent work: Acted for broker firm Canaccord Genuity in a dispute with Medsted concerning the trading of contracts for difference.

Strengths:

Michael Blair QC
A leading light of the financial regulatory scene thanks to his extensive experience not only at the Bar but also within many regulatory bodies through their various iterations. Now working primarily in an advisory capacity, he is highly valued for the strength of the counsel which he can offer on pan-European matters.
"He is very clear, detailed, analytical and technically exact in his advice, while also being very commercial." "He is very practical and pleasant to work with. He has a deep understanding of regulatory perspective derived from extensive experience of advising the FCA."

Strengths:

Robert Purves
A very highly regarded junior whose much sought-after advice ranges from technical advisory work on the applications of existing legislation to representation on contentious matters of investigation and enforcement. He benefits from his time spent working at the Financial Services Authority, and offers particular expertise in the insurance sector.
"He is very bright, commercially aware and technically precise in his advice." "He is very sharp, able to absorb a large amount of information rapidly and can cut through the noise to find the important points. He is great at finding innovative solutions."
Recent work: Represented Safestore before the Upper Tribunal relating to insurance regulatory issues arising from a VAT dispute.

Strengths:

Saima Hanif QC
A well-respected barrister who represents both individuals and institutions undergoing investigation and enforcement proceedings by financial regulators. She is recognised for her understanding of Brexit-related finance issues.
"A fantastic litigator. She is very professional, cuts through complex matters efficiently and grasps what the core issues are very quickly." "Her excellent judgement and high work rate are valued by clients, instructing solicitors and the QCs who regularly rely upon her."
Recent work: Represented Andrew Tinney, the former COO of Barclays Wealth, who was accused of shredding a confidential report and misleading the FCA and the regulator in the US. Although he was found guilty of a lack of integrity, he was not given a ban from the financial services industry or a fine by the Upper Tribunal.

Strengths:

Sophie Mallinckrodt
A highly regarded junior with a broad practice covering some of the most technical aspects of financial regulation, particularly in collective investment schemes and the mis-selling of financial products. She is also known to handle high-profile enforcement actions.
"A star of the future. She's pleasant to deal with and bloody clever."
Recent work: Advised the PRA and FCA on the ring-fencing regime, which required banks to complete Part VII transfers.

Financial Services

3 Verulam Buildings

firm
Location

3 Verulam Buildings

Gray's Inn

London

Greater London

UK

WC1R 5NT

View Set Profile

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)

Financial Services


Ali Malek QC
Band 1
Hodge M Malek QC
Band 1
Michael Blair QC
Star Individuals
Saima Hanif QC
New Silks

Juniors

London (Bar)

Financial Services


Adam Temple
Band 2
Charlotte Eborall
Band 3

6 of 9 results