DEPARTMENT PROFILE

Fountain Court Chambers

Financial Services

9 ranked barristersBand 1London (Bar)UK Bar 2021 View ranking table
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Fountain Court Chambers has continued to build on its established reputation as a "powerhouse" for financial services litigation. Members of the set are widely lauded for their capabilities across such diverse concerns as investigations, enforcement proceedings, challenges to sanctions and civil actions, and routinely act for both regulators and some of the most prominent regulated firms. One source comments: "All the individuals I've dealt with at Fountain Court are very thorough in their preparation, work extremely hard, and are very knowledgeable on the areas they advise us on." Headline work handled by the set includes representing the FRC in its case against Deloitte in relation to its audit of Autonomy.

Client service:

"They are accessible, friendly and helpful." "The clerks are very much on the ball. They respond very quickly, are always happy to help and go the extra distance." Alex Taylor is the senior clerk.

Strengths:

Bankim Thanki QC
Much valued by banks, on both the retail and investment sides, for his ability to construct a highly sophisticated defence in response to regulatory inquiries by the FCA, PRA and SFO. A strong background in commercial litigation combined with extensive international experience makes him a powerful choice for City institutions. He is also sought out to represent accountants.
"First-rate and a delightful opponent." "Massively impressive." "He always has great judgement when it comes to strategic issues."

Strengths:

Eleanor Davison
An accomplished junior counsel with a respected practice at the intersection of criminal law and civil regulatory matters. Her astute advice is highly valued by household-name financial institutions, and she is also noted for frequently counselling the FCA.
"Extremely good." "Smart, responsive and easy to deal with."

Strengths:

Henry King QC
Drawing upon his past life as a qualified chartered accountant, he is able to adroitly handle the most complex and technical aspects of regulatory disputes between financial institutions and the FCA. He is especially noted for his work helping banks sift through the fallout from the financial crisis. He is also experienced at acting in tax disputes and has extensive knowledge on tax avoidance schemes.
"Absolutely superb." "He is pragmatic, sensible and shrewd, with an incisive manner."
Recent work: Acted for the FRC in relation to KPMG's allegedly inadequate audit of the Cooperative Bank after the global financial crisis.

Strengths:

Nicholas Medcroft QC
Particularly admired for his strength in handling commercial litigation in a regulatory context, where he advises clearing banks and individuals who are undergoing FCA investigation and enforcement proceedings. He also acts for the FRC and the FCA.
"He is a real team player, whose user-friendly style is underpinned by an impressive analytical ability and a strategic approach to the most complex of matters." "He is always available at short notice, and is calm and collected."
Recent work: Acted for the FRC in its ongoing investigations into the collapse of Carillion.

Strengths:

Rebecca Loveridge
A high-quality junior who inspires confidence when acting in contentious matters involving regulators such as the FRC and FCA. Her areas of strength include advising on actions related to audits, as well as banking issues such as Libor fixing.
"She is very intelligent, thoughtful and great to work with." "She's very thorough, well prepared, and her drafting is of the highest standard."
Recent work: Represented the Bank of Scotland in defence of allegations of misconduct and misrepresentation in the Libor-setting process.

Strengths:

Richard Coleman QC
A well-regarded figure across the City, who is appreciated for his talent and experience in both litigation and other modes of dispute resolution. He is also noted for his ability to handle the administrative and public law aspects of financial services regulation.
"He is very thorough in his preparation, works extremely hard, and is very knowledgeable and pleasant to deal with."
Recent work: Acted for NatWest, Coutts and the Royal Bank of Scotland in the Ingenious Litigation, in which it is alleged that the banks were negligent in their investment advice.

Strengths:

Richard Lissack QC
Greatly respected on account of his finely honed skills across the criminal, regulatory and banking spheres. Qualified to practise in New York, Dubai, Northern Ireland and the Caribbean, he is much valued for his skill in handling proceedings with major multi-jurisdictional concerns.
"He has exceptional breadth and depth of knowledge in regulatory enforcement investigations." "He is fearless in front of the regulator and the go-to leading counsel if you wish to challenge the FCA."

Strengths:

Robin Barclay QC
A leading practitioner in many areas of financial services, whose widely acknowledged expertise in financial crime, fraud and other regulatory matters makes him an increasingly popular choice for both individuals and companies. He regularly drafts independent board reports, and his experience in civil and criminal matters means that he is often called upon to advise on a range of cross-border issues.
"He is extremely knowledgeable." "Flexible and responsive. His approach is nuanced yet pragmatic."
Recent work: Represented Guernsey-based financial services firm Louvre Trust and its board of directors in a corporate investigation regarding breaches of GFSC rules and anti-money laundering regulations.

Strengths:

Timothy Dutton CBE QC
A doyen of the Bar who is able to draw upon almost peerless levels of experience of handling a range of financial services matters at all levels. His parallel expertise in professional discipline makes him an especially good representative of individuals in the financial industry undergoing investigation. He is also adept at advising regulators and financial institutions.
"He's incredibly clever, has fantastic judgement, and is a really standout advocate. He is brilliant with witnesses and really good in submissions - he's got it all."
Recent work: Represented investment fund manager Tyndaris in its claim for approximately USD2.5 million in unpaid fees for managing futures investments. The matter is notable for being the first AI investment case to be fought in the Commercial Court.

Financial Services Department

Fountain Court Chambers

firm
Department location

Fountain Court

Temple

London

Greater London

UK

EC4Y 9DH

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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)

Financial Services


Bankim Thanki QC
Band 1
Henry King QC
Band 3
Nicholas Medcroft QC
Band 3
Richard Coleman QC
Band 3
Richard Lissack QC
Star Individuals
Robin Barclay QC
New Silks