Adam Culy

Practice Areas

Adam is an accountancy professional liability / regulatory specialist (in particular defending FRC cases and all forms of accounting litigation). Previously General Counsel at BDO and a criminal prosecutor, Adam brings a wealth of sector experience and a sharp focus to resolving complex accounting issues.

At Stephenson Harwood, Adam handles a range of commercial litigation and professional liability matters with a particular focus on insurance related issues, the accountancy regulators (ICAEW/FRC), and the defence of claims involving tax and audit.

Adam offers a client-focussed insight into the full range of accounting services and the pressures they face from regulators and claimants. This allows him to quickly grasp the key issues in accounting disputes and resolve them. His success at BDO helped it remain the only larger accounting firm at the time to avoid sanction by the FRC. Adam is referred to as joining the firm in 2020 within the Legal 500 UK Professional Negligence area, where the team is well regarded for providing "an excellent, all-round legal service with good client management, very able lawyers, with sound judgement." His references from BDO include: "Combines first-class legal knowledge and judgement with a calm and reassuring manner. A pleasure to work with" ( Mark Shaw, Head of Business Restructuring, BDO).

His and his team's notable successes in litigation include BDO's win in the recent £250 million One Blackfriars case [2021] EWHC 684, Supreme Court appeal win in regulatory proceedings (Barnes v Eastenders [2014] UKSC 26), the leading recent decisions on administrator's duties: Bernsten & Anor v Tait [2015] EWCA Civ 1001 and Davey v Money [2019] EWHC 997 (which included the recent COA judgment ending the "Arkin Cap" when enforcing costs against the litigation funder), and Green v BDO [2005] All ER on the use of the Insolvency Act against accountants.