BCL Solicitors LLP

Richard Sallybanks

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Practice Areas

Richard Sallybanks is a partner in BCL’s Business Crime and Regulation team and specialises in complex business crime and regulatory defence work. Clients describe him as “very wise, with a cool head, an enormous ability to master the detail of a case and a great tactical brain, an invaluable asset to any defence”.

He has been involved in numerous SFO, FCA, HMRC & CMA investigations and prosecutions over the years. His recent SFO experience includes the Alstom, Barclays Qatar, and Tesco investigations, representing senior individuals under suspicion, and he acted for Robert Tchenguiz in his successful defence of the SFO’s Kaupthing Bank investigation (which included successful proceedings against the SFO to establish that their search warrants had been unlawfully obtained).

Richard has acted in a number of FCA criminal and regulatory investigations for high-profile brokers, traders and senior executives, including allegations of insider dealing and market abuse. He is experienced in cartel investigations conducted by the CMA and cross-border anti-trust investigations including those by the US DoJ.

His most recent case was the successful defence of one of the three former directors of Tesco, prosecuted by the SFO for false accounting and fraud in relation to a £250 million profit overstatement. In December 2018, his client was acquitted when the trial judge ruled that there was no case to answer, a decision upheld by the Court of Appeal in refusing an application by the SFO for leave to appeal.

"Richard is a superb solicitor," say his clients. "He's very calm and you get a real sense that everything is under control and they can stop panicking. He has a very serious understanding of the law and the client."

"He has an unusual background in both commercial law and serious crime, so if you need a solicitor to act in an SFO corporate crime raid, he is your man; he knows everything about companies and everything about criminal cases…"

Richard is also praised as "extremely hard-working and utterly dependable, he's a very good analyst - he sees all the evidence at once and sees the wood for the trees," while a barrister has commented, “He is also very good with the numbers and can understand a set of accounts."

Career

Qualified at McKenna & Co (now CMS), joined BCL Solicitors in 1995 and became a partner in 1999.

Professional Memberships

The Law Society; International Bar Association; American Bar Association; Association of Regulatory & Disciplinary Lawyers; British Russian Law Association; Fraud Lawyers Association.

Publications

He is regularly quoted in the press on key issues in business crime.

https://www.bbc.co.uk/news/business-46459884

https://www.ft.com/content/672fdb88-f949-11e8-af46-2022a0b02a6c

http://www.cityam.com/270251/serious-fraud-office-trial-against-tesco-executives

https://www.ft.com/content/b6c2b688-1f29-11e9-b126-46fc3ad87c65

https://www.thetimes.co.uk/article/former-tesco-executive-carl-rogberg-cleared-of-fraud-dkhm8v69d