From digital assets to smart contacts and major fintech projects across multiple jurisdictions, A&O Shearman‘s offering runs the fintech gamut with blockchain, cryptocurrencies, and financial instruments linked to digital banking additional areas of expertise. The firm is a popular destination for clients ranging from disruptive start-ups to global institutions. Ben Regnard-Weinrabe leads the payments law practice and is the global fintech co-lead. His far-reaching regulatory practice spans expertise in central bank digital currencies and e-money transactions. William Samengo-Turner is co-head of technology for EMEA and is regularly called upon to assist major corporations with digital transformations. Nikki Johnstone is equipped to assist with the regulatory framework and contractual structuring of new financial products. Jane Finlayson-Brown has in-depth knowledge of large scale outsourcing projects, while data protection issues are an area of strength for Karishma Brahmbhatt. Rory Copeland‘s experience extends to obligations and promotion rules concerning payment services. Charlotte Rowlandson is a key contact for private acquisitions and disposals in the fintech space.
Fintech in London
A&O Shearman
Practice head(s):
Ben Regnard-Weinrabe; Will Samengo-Turner
Other key lawyers:
Nikki Johnstone; Jane Finlayson-Brown; Karishma Brahmbhatt; Rory Copeland; Jamie Greenwood; Charlotte Rowlandson
Key clients
Atalaya Capital Management
Bridgepoint Advisers Limited
Checkout.com
McPike Global Family Office
Western Union
Zopa
eBay Inc.
Uber
Remitly, Inc.
Mangopay
Work highlights
- Advised a bank syndicate comprising BNP Paribas, HSBC and RBC Capital Markets on the European Investment Bank’s inaugural issuance of sterling-denominated digital bonds, also marking the first public issuance HSBC’s tokenisation platform.
- Advised the digital bank Zopa on its latest funding round that raised £75 m ($93m to drive its next phase of growth.
- Provided UK payments regulatory and other financial services (including AML) advice to Remitly in connection with their acquisition of Rewire.
Clifford Chance LLP
Clifford Chance LLP‘s far-reaching fintech practice spans advice on technology such as blockchain, artificial intelligence and insurtech, fintech litigation and M&A. The unit is also active across financial regulation, tax, IP and data privacy. Clients include financial institutions, tech-focused corporates, and fintech and insurtech disruptors. Simon Crown, who co-leads the team, has a high level of experience relating to the impact of Brexit on payments businesses. Kate Scott completes the leadership team and is particularly strong in follow-on litigation from regulatory investigations. Monica Sah‘s wide-ranging portfolio of work extends to crypto asset regulation, while Caroline Meinertz has significant experience in the transaction services sector, and Simon Gleeson is frequently engaged by governments and regulators to help with the establishment of regulatory regimes. Diego Ballon Ossio and Laura Douglas are both well versed in financial services in the metaverse and Web3.
Practice head(s):
Simon Crown; Kate Scott
Other key lawyers:
Monica Sah; Caroline Meinertz; Simon Gleeson; Jeremy Walter; Diego Ballon Ossio; Laura Douglas
Testimonials
‘They provide timely and detailed advice on crypto related matters (including areas that are still evolving).’
‘Monica Sah and Laura Douglas are responsive, provide answers and advice in a timely manner and address the key pain points that we flag.’
Key clients
HQLAᵡ
IRSG
Central Bank of the UAE (CBUAE)
Work highlights
- Advising HQLAᵡ on a range of various developments, including with pilots of potential future use cases.
- Advising the Central Bank of the UAE (CBUAE) on its Central Bank Digital Currency (CBDC) Implementation Strategy.
- Advising a leading blockchain solutions provider on the establishment of its crypto-asset exchange.
Hogan Lovells International LLP
Payments, financial services regulation and technology issues – such as blockchain, cryptoassets and the financial services implications of AI – make up some of the key pillars of Hogan Lovells International LLP‘s wide-ranging offering. The practice is jointly overseen by global head of fintech, Emily Reid; head of the financial services regulatory practice, Jonathan Chertkow; head of of the digital assets and blockchain practice, John Salmon, and co-head of the sustainable finance and investment group Bryony Widdup – who joined from DLA Piper in November 2022. Michael Thomas is well placed to assess the regulatory feasibility of the use of crypto-based tokens, while James Black is a go-to name for major digitilasation projects. Payments specialist Roger Tym is regularly sought out by major payment services disruptors, while Anthony Doolittle frequently advises crypto exchanges on corporate governance matters. Jennifer Staniforth, James Sharp and Mark Orton further extend the fintech expertise at the firm.
Practice head(s):
Emily Reid; John Chertkow; John Salmon; Bryony Widdup
Other key lawyers:
Michael Thomas; James Black; Roger Tym; Anthony Doolittle; Jennifer Staniforth; James Sharp; Mark Orton; Elizabeth Greaves; Charlie Middleton
Testimonials
‘The team is in touch with current and emerging trends, and executing on innovative and impactful projects.’
‘Excellent legal advisers, highly personal and engaged. Deep content knowledge and experience and willingness to innovate, even in a start-up environment.’
‘In touch with current and emerging trends, and executing on innovative and impactful projects.’
Key clients
AXA PPP Healthcare Group Limited
Bloom
Banked
Bitpanda
Covertech
Clearpay
Credit Karma
Credit Kudos
Curve UK Limited
Communion
Cordoba Capital Markets
Fairscore / Updraft
Floww
Fygo
Fluro Platform Limited
Global Digital Finance
Gaia Family
Habito
Moneyfold
Monzo Bank
Open Banking Limited
Offgrid Finance
PayPal
Pitchedit
PropElle
Paysafe
Pivotal Group
Santander Innoventures
Stripe
WeCovr
Updraft
Zopa
Latham & Watkins
Praised for handling complex mandates ‘at the intersection of technology and regulation’, Latham & Watkins advises across the fintech spectrum, with market infrastructure, blockchain, consumer credit and insurtech among the group’s key areas of strength. The London-based Andrew Moyle, global co-chair of the firm’s fintech industry group, is equipped to handle complex cross-border technology deals for clients from a wide variety of sectors. Stuart Davis leads the London fintech team and is praised for combining ‘deep technical expertise’ with commercial sensibilities. Payments and crypto specialist Christian McDermott is noted for his focus on the monetisation of assets via NFTs. Sam Maxson is particularly strong in the field of cryptoassets, while financial regulation expert Gabriel Lakeman is a key contact for banks, insurers and investment companies. Brett Carr‘s diverse practice extends to advising central banks on fintech regulatory regimes.
Practice head(s):
Andrew Moyle
Other key lawyers:
Stuart Davis; Christian McDermott; Gabriel Lakeman; Sam Maxson; Brett Carr
Testimonials
‘Brilliant understanding of the payments market. They provide excellent commercial advice.’
‘Stuart Davis is an exceptional payments and fintech lawyer. He understands complex regulatory issues and provides excellent commercial advice.
Christian McDermott is very responsive. He has a deep knowledge of the market and is always focused on providing high-quality and practical advice.
Brett Carr is one to watch. He has excellent industry and market knowledge. He is very responsive and consistently delivers timely and actionable advice.
‘Superb knowledge at the intersection of technology and regulation.’
‘Stuart Davis has deep technical expertise but at the same time his advice is commercial and actionable.’
‘World class team. I would not hesitate to label them the best fintech team out there.’
‘Andrew Moyle is a master of bringing clarity and clear strategy through the most complex of problems.’
Work highlights
- Advising Floww on regulatory, commercial and corporate structuring matters in relation to its platform launch and fundraising.
- Advising Transcard on all aspects of its expansion into the UK and Europe.
- Legal counsel to Elwood Technologies, providing legal and regulatory advice and advising on its £70m Series A financing round.
Linklaters LLP
A diverse mix of financial institutions, payment servicers providers and disruptive start-ups turn to Linklaters LLP for its ‘excellent guidance through the relatively uncharted waters of fintech’. The team is especially well regarded for its expertise across blockchain, the digitialisation of financial markets and products, payment systems, investment in fintech, and data and tech investigations, enforcement and litigation proceedings. Global practice co-head Julian Cunningham-Day is equipped to advise on the commercial and regulatory aspects of complex collaborations, while fellow global co-head Harry Eddis is an authority on novel ways to deliver payments services. Fionnghuala Griggs, also a global co-head, frequently advises on M&A deals in the fintech arena. UK head of fintech Richard Hay’s workload includes international projects involving digital securities, while Michael Voisin is noted for his wide-reaching work on derivatives-related activities. Ben Packer, Lisa Chang and Sam Quicke are further key contacts at the firm.
Practice head(s):
Julian Cunningham-Day; Harry Eddis; Fionnghuala Griggs; Richard Hay
Other key lawyers:
Michael Voisin; Lisa Chang; Ben Packer; Sam Quicke; Katharine Collard; Olivia Murphy; So Yeon Um; Arjun Lakhani
Testimonials
‘The team has lawyers with strong payments experience and provides timely client updates on relevant issues.’
‘Jean Price provides great practical advice.’
The team is excellent at guiding a client through the relatively uncharted waters of fintech. They gave first class advice that presciently anticipated many of the risks that materialized with the turbulence of the crypto market.’
Richard Hay is a stand out lawyer. He is able to explain complex concepts and risks in simple language. He is also able to accompany clients well during the development phase of a fintech project when the client is moving fast, breaking things and experimenting.’
‘Exceptional service levels and engagement from day one. They are always on hand and provide the best service possible. Synced and operating at the highest levels, at all times.’
Key clients
Fnality International Ltd, Fnality UK Ltd
United Nations High Commissioner for Refugees (UNHCR –The UN Refugee Agency)
International Swaps and Derivatives Association, Inc.
Wise
Work highlights
- Continuing to act on a project for Fnality International Ltd to develop a new global wholesale payment system based on blockchain technology.
- Advised Revolut on a number of matters, including advising on its series E funding round led by SoftBank.
Norton Rose Fulbright
Engaged by clients including major financial institutions, trade bodies, insurtech startups and payment infrastructure providers, Norton Rose Fulbright advises on matters across the fintech spectrum, including payments systems, distributed ledger technology, digital assets, decentralised finance and transformative transactions. The practice is jointly led by five partners. Global head of fintech Sean Murphy is well placed to advise on the development and deployment of financial services technology. Co-head of payments Victoria Birch advises clients ranging from governments to start-ups on fundraisings, regulatory compliance strategic investments into fintech companies. Fellow co-head of payments Albert Weatherill advises on a broad range of domestic and cross-border financial services regulatory matters. Hannah Meakin, who heads the fintech regulation department, is an authority on the use of distributed ledger technology in relation to market infrastructure and commodity derivatives. Head of insurtech Nicholas Berry, who completes the leadership team, has an in-depth understanding of the deployment of emerging technology in the insurance space. James Russell and Michael (Mike) Knapper are further names to note.
Practice head(s):
Sean Murphy; Victoria Birch; Albert Weatherill; Hannah Meakin; Nicholas Berry
Testimonials
‘Global reach and office network and a cultural and commercial willingness to work with start-ups/fintechs as well as big corporations.’
‘Strong expertise in trademarks and payments.’
‘The team is very knowledgeable at what they do and have stood us in good stead over a consistently long period of time. They are my go-to legal advisors in the UK and I would be lost without their commercial focus and sound advice that I know I can trust.’
‘An exceptional team, combining deep expertise from both a legal and a technical and operational perspective.’
Key clients
AIG
Anansi
Aquiline Capital Partners
Arch
Bybit
FMO
HSBC Investment Bank
Global Parametrics
Global Blockchain Business Council
IG Markets
InsurWave
InsurX
Kneip
Nexus Mutual
Northern Trust
Pay.UK
Paxos (formerly itBit)
Paypal
Post Trade Distributed Ledger Group
Riskbook
Revenio Capital
SmartCo
Stable Group
Standard Chartered Bank
Starling Bank
Superfluid
TPAY
Zego
Zurich
Work highlights
- Advising the Global Blockchain Business Council (GBBC) on its merger with Global Digital Finance Limited (GDF).
- Advising COWA on its $100 million Series A funding round and follow-on debt and equity rounds.
- Advising Aquiline Capital Partners LLC on its acquisition of a controlling stake in Ripe Insurance.
Ashurst
Acting for global banking and financial services clients as well as fintech start-ups and disruptors, Ashurst‘s fintech practice is especially active in matters relating to digital assets, digital money – such as central bank digital currencies – and the creation of digital platforms. A small number of partners jointly chair the practice: Etay Katz, known for guiding major banks through technological transformations; David Futter, whose fintech practice extends to the development of digital platform based payment projects; Jonathan Cohen, particularly active in the UK neo-bank sector; Tara Waters, a technology specialist with notable experience of work involving distributed ledgers and cryptoassets; and Bradley Rice, who is handling a growing volume of mandates related to the emergence of new forms of digital money. Jacob Gold and Daniel Franks are further key contacts.
Practice head(s):
Etay Katz; David Futter; Jonathan Cohen; Tara Waters; Bradley Rice
Other key lawyers:
Jacob Gold; Daniel Franks; Sidika Ulker
Testimonials
‘Etay Katz is outstanding: incredible business and industry understanding; extremely solution-oriented and capable.’
‘Very good knowledge and commercial awareness of the team that can collaborate across different areas’
‘a team of bright, highly commercial, and client-oriented people who enjoy collaborating with one another and creating innovative solutions for modern-day problems.’
Key clients
British Business Bank
Goldman Sachs
Asto Digital (Part of Santander Group)
eToro Group
Nomura
Nomisma Exchange
McLaren Group
Monument Bank
Vauban Technologies Limited
Zenus Bank
Ioconic
Ramp Swaps
District34
Online Giving (dba Enthuse)
Step Ladder
Spark Change
Banking Circle
Work highlights
- Advised Goldman Sachs on the development and launch of its proprietary, multi asset class digital platform, GS DAP™.
- Assisted Fintech trading platform, eToro, with its multi-billion dollar flotation on the US stock market alongside external US counsel.
- Advising AFME’s in respect of digital transformation and its response to ESMA’s call for evidence on the DLT Pilot Regime.
Baker McKenzie
Noted for its capabilities in new technologies such as AI and blockchain, Baker McKenzie provides structuring, regulatory, technology and strategic advice for a wide range of clients including financial services companies, private fintech businesses and digital platforms. The unit is additionally well regarded for its advice on tax issues, particularly in the digital payments space. Leadership duties are split between technology expert Sue McLean, who advises on issues ranging from cloud computing to digital transformation, and financial services specialist Mark Simpson. Sarah Williams is well placed to advise on matters concerning retail investment platforms.
Practice head(s):
Sue McLean; Mark Simpson
Other key lawyers:
Sarah Williams
Key clients
Afterpay
AUB
De Giro
Ebury
Finbourne
Mollie
R3
Raisin Deposit Solutions
S&P
UBS
Work highlights
- Advised Ahli United Bank on its acquisition of Citi’s consumer banking business in Bahrain.
- Advised UBS on its transnational placement of $50m digital securities on a permissioned blockchain.
Bird & Bird LLP
Praised for being ‘fully immersed in the industry’, Bird & Bird LLP‘s fintech practice is particularly strong across payment services, blockchain, open data and crowdfunding. The team combines expertise in commercial and regulatory work, disputes, tech outsourcing and IP. Disruptive digital technology expert Jonathan Emmanuel heads the practice and has longstanding experience of advising on complex technology outsourcing mandates. Electronic cash, cryptocurrency and payment mechanisms are all areas of expertise for Trystan Tether. Christian Bartsch has a proven track record in managing projects across multiple jurisdictions, while Gavin Punia has fostered particular experience in the regulation of digital wealth management services. Thomas Hepplewhite and Christina Fleming are further key contacts.
Practice head(s):
Jonathan Emmanuel
Other key lawyers:
Trystan Tether; Christian Bartsch; Gavin Punia; Thomas Hepplewhite; Christina Fleming
Testimonials
‘The team all focus on fintech as a division of the technology transactions team so they are fully immersed in the industry.’
‘Jonny Emmanuel heads the team. He has real passion for the subject area, exceptional knowledge and he is really engaged with the team and what they’re working on.
‘Christina Fleming is excellent, she has good command of the subject area and is easy to work with.’
Key clients
A large bank in the Middle East
Crypto Open Patent Alliance (COPA)
Santander
Mastercard
Jobandtalent
Work highlights
- Assisted a large bank in the Middle East in relation to the negotiation of a £20m+, long-term Master Services Agreement to govern the call-off of outsourced IT services.
- Handling litigation in relation to the ownership rights of Bitcoin following a competitive tender process run by Crypto Open Patent Alliance (COPA).
- Advised Santander on its £25m debt facility arrangements for Fibre & Wireless, one of the UK’s regional altnets.
CMS
CMS pulls together a strong offering that covers the fintech spectrum encompassing expertise in online platforms, digital assets, fundraisings, and disputes. The unit is additionally well regarded for its support of fintech start-ups through the firm’s equIP start-up programme. Practice chair Ian Stevens‘ broad practice includes assisting financial services clients with the procurement and supply of new technology platforms. Charles Kerrigan is well placed to advise on the law and regulation of digital asses in the UK, while new technology expert Sam Robinson is described as ‘one of the most knowledgeable people in the industry.’ Anthony Waller contributes his corporate expertise to the firm’s offering, while Vanessa Whitman frequently handles fintech and crypto disputes. Embedded finance expert Fiona Henderson and intellectual property transactions specialist Daniel Gallagher are also recommended.
Practice head(s):
Ian Stevens
Other key lawyers:
Charles Kerrigan; Sam Robinson; Vanessa Whitman; Kushal Gandhi; Fiona Henderson; Daniel Gallagher
Testimonials
‘We have used multiple law firms. They all claim to have specialist knowledge of the payments environment. None has ever come close to CMS’s level of knowledge.’
‘Sam Robinson is one of the most knowledgeable people in the industry.’
‘All interactions with CMS individuals are easy as they are relaxed and focused.’
Key clients
Barclays
NatWest
Lloyds B
HSBC
RBS
Metro Bank
Clydesdale Bank
TSB
Santander
AIB No
Silicon Valley Bank
Coinbase
Copper
Klarna
ClearScore
Blenheim Chalcot
Anacap
Global Growth Capital
JP Morgan
Parmenion Capital Partners
Charles Taylor InsureTech
Pension Insurance Corporation
Hastings
Property Partner
Elfin
Wayhome
Goji
Envestors
Hazy
Bud Financial
Arivu
ApprovalMax
Archax
ARM
Baselime
BitQuest
Buildacy
Cent Finance
Cerebreon
Circularr
Dashly
Deontic Data
Distributed Finance
Ethin
FundAdminChain
Globacap
Greenr
Hello Cash
IE Hub
iWarranty
Kestrl
Kikapay
Klarytee
Lab 1
Leaseum
Lumio
Maanch
MagicOrange
MAX Group
Mercore
Montis Digital
OhentPay
Penfold
Plend
Prediko
ProGrad
Sidekick
SpendKey
Sprive
Stratis
StudentFinance
Supermoney
SupraFin
Switchd
Swoosh Transfer
TechPassport
Umazi
Uncapped
Vyne
WVE Money
Zazuu
Zeed
Work highlights
- Advised Bloom on a private securitisation consisting of a senior note issuance to various Fortress entities and in an equity raise.
- Advised Archax, the only FCA regulated blockchain based investment exchange in the UK, on various matters, including the launch of its investment platform.
- Advised NatWest Group on its acquisition of a majority shareholding in Cushon.
Deloitte Legal
Deloitte Legal covers a myriad of fintech issues spanning digital payments, AI, digital identity and insurtech. The unit sits within a firmwide fintech team that is able to call upon expertise in areas such as corporate finance, tax and consulting. Practice head Chris Hill is an IT lawyer whose wide-ranging offering extends to open banking and fintech contracting. Clare Jenkinson, who joined from HSBC in July 2022, is well placed to advise on large multi-business regulatory change projects. Cryptocurrency specialist Rich Folsom is equipped to handle disruptive data projects, while Richard Aitchison further extends the commercial and regulatory expertise at the firm. Jake Ghanty left in February 2023.
Practice head(s):
Chris Hill
Other key lawyers:
Clare Jenkinson; Rich Folsom; Richard Aitchison
Key clients
GoHenry
Flux
Debite
AltDRX
Banking Circle
Settla
Prograd
Nala Payments
Credit Kudos
Ekko
Reewild
Work highlights
- Advising GoHenry on its series B funding round and its acquisition of Pixpay.
- Advising ESG fintech Ekko on its partnership agreement with REPX to allow sports fans to carbon offset their purchases at stadiums.
- Advising SME finance platform Debite on its regulatory structure and the set-up of its new product lines.
DLA Piper
DLA Piper advises a mix of banks, fintechs and trading platforms on a wide range of transactional and regulatory mandates. The team is additionally well placed to advise companies on the implementation of blockchain technology solutions and the creation of digital assets. Martin Bartlam and Anthony Day chair the practice; Bartlam is well versed in matters related to NFTs and digital infrastructure, while Day is a specialist in the regulatory aspects of fintech. Sophie Lessar frequently advises on payments services and virtual assets, while Marina Troullinou is singled out for her expertise in the regulation of digital securities. Bryony Widdup left the firm in October 2022.
Practice head(s):
Martin Bartlam; Anthony Day
Other key lawyers:
Sophie Lessar; Marina Troullinou
Key clients
London Stock Exchange Group
Dubai Virtual Asset Regulatory Authority
GoHenry Limited
Work highlights
- Advised the London Stock Exchange Group (LSEG) on establishing a decade-long strategic partnership with Microsoft.
- Worked with the Dubai Virtual Assets Regulatory Authority (VARA) on the creation of the Emirate’s virtual asset specific regulatory framework.
- Advised GoHenry on its acquisition by Acorns Grow Incorporated.
Fieldfisher
Turned to by a number of fintechs, banks and high-growth startups, Fieldfisher‘s strong fintech offering encompasses technology infrastructure, the establishment of trading and peer-to-peer platforms and the commercial and regulatory side of payment solutions. Practice head Simon Briskman‘s diverse practice extends to advising on SaaS adoption and cloud-based core banking systems. John Brunning is well placed to advise on fast-moving technologies and emerging risks. Tech-focused VC and M&A lawyer Tom Ward acts for a wide range of fast-growth VC -backed companies, while Thomas Colmer is praised for his ‘deep industry expertise on the corporate side of capital markets fintech‘. Tim Bird is well versed in cross border M&A transactions. Simon Lafferty is also recommended.
Practice head(s):
Simon Briskman
Other key lawyers:
John Bruinning; Tom Ward; Thomas Colmer; Tim Bird; Simon Lafferty
Testimonials
‘Excellent, considered advice.’
‘Deep industry knowledge of capital markets IT landscape.’
‘Thomas Colmer has deep industry expertise, having also worked on the corporate side of capital markets fintech.’
Key clients
SymphonyAI LLC
Trading Technologies International, Inc.
Phides Holding Limited
Genesis Global Technology Limited
Carmoola
Hammock Financial Services
Strategic Software Applications Ltd (trading as Ruleguard)
Pushpull Technology Limited
Leeds Equity Partners
Tembo Money
BondAuction Ltd
MarTrust Corporation Limited
Singletrack Systems Ltd
Herbert Smith Freehills LLP
From major banks and insurers to start-ups and challenger businesses, Herbert Smith Freehills LLP advises at all levels of the fintech ecosytem. The broad practice is known for its strengths in regulatory matters, data protection and blockchain and digital assets. Practice co-head Nick Pantlin has specialist expertise in the application and adoption of emerging technologies in the financial services and fintech sector, while fellow co-head Caroline Rae is noted for the depth of her transactional acumen. David Coulling has a focus on transformational tech-driven deals, while Marina Reason‘s broad practice extends to strategic structuring and licensing perimeter advice. Chris Bushell frequently handles contentious matters related to digital assets. Alex Cravero has an in-depth understanding of mandates concerning blockchain, artificial intelligence and machine learning.
Practice head(s):
Nick Pantlin; Caroline Rae
Other key lawyers:
Barnaby Hinnigan; David Coulling; Marina Reason; Chris Bushell; Alex Cravero; Terence Lau
Testimonials
‘Terence Lau is very responsive and highly regarded.’
‘A cross-practice ‘team’ of appropriate partners and associates is formed according to the need for each brief and they work extremely well together.’
‘Genuine interest in our unique issues and commitment to finding practical solutions, via a collaborative approach.’
Work highlights
- Advised WiseTech Global on the acquisition of Bolero.
- Advised ClearBank on the first phase of the client’s international expansion into Europe, and potentially the USA, during 2023 and 2024.
- Advised Huozhi, a fintech social enterprise start-up, in relation to its secure aid funding solution, which enables the secure tracking of aid from NGOs and government donors.
Osborne Clarke LLP
Described as a firm that ‘genuinely understand how to work with early stage businesses‘, Osborne Clarke LLP assists clients ranging from small innovators to multinational corporations on a range of regulatory and transactional mandates. The broad-based fintech practice, which has seen an increase in instructions in relation to buy-now-pay-later matters, is additionally well equipped to handle cryptoassets disputes and tech procurement mandates. Regulated lending specialist Nikki Worden - who co-heads the fintech practice - is praised for her ability to 'balance technical know-how with an understanding of how things need to get done.’ Fellow co-chair Mark Wesker advises on takeovers, IPOs and fundraising deals, while international payments practice head Paul Anning is particularly active in the US payments market. Rachel Couter excels in financial services regulatory investigations, while Tom Try specialises in corporate transactions. Receivables financing expert James Tarleton, regulatory specialist Paul Harris and the ‘highly responsive’ Ben Player are also recommended.
Practice head(s):
Mark Wesker; Nikki Worden
Other key lawyers:
Paul Anning; Tom Try; James Tarleton; Paul Harris; Ben Player
Testimonials
‘ Osborne Clarke delivers advice in a timely manner and are always willing to accommodate and meet the demands of the most demanding and fast paced companies.’
‘Paul Anning understands payments and insurance regulation and is able to solve complex legal issues of entities facing different types of financial regulation.’
‘Paul Harris is one of the best lawyers in payment services.’
‘Ben Player is a superstar! Ben produces top quality work and gives expert advice.‘
‘OC are one of the very very rare professional services firms who seem to genuinely understand how to work with early stage businesses.’
‘Nikki Worden has incredibly deep technical knowledge but has done enough time in industry to balance the technical know how with and understanding of how things need to get done in industry.’
‘Nikki Worden is outstanding. She has a brilliant reputation so to attach her name to a position we’ve been advised on carries weight.’
‘Mark Wesker is the most approachable corporate lawyer.‘
Key clients
Squareup Europe Limited (part of Block, Inc)
Microsoft Corporation
Funding Circle Limited
Revolut Limited
Super Payments Limited
Fintern Limited
Wirecard Card Solutions Limited
Airbnb Payments UK Limited, Airbnb Ireland
Clearbank Limited
WEX Europe Services/WEX Fleet France SAS
Liberis Limited
gohenry Limited
Trustly Group AB
J.P. Morgan
Totallymoney.com
CashPlus Bank
Salary Finance Ltd
Prodigy Finance Ltd
BC Home Loans Ltd
SquareTrade Limited
UK Finance
Loqbox Limited
Work highlights
- Advised Squareup Europe (part of Block, Inc.) on strategic matters in the UK and across Europe.
- Advised Liberis on its recent financing and its international strategy refresh, as well as providing an international advice platform via OC Solutions.
- Advised Fintern on its latest fundraising led by Hambro Perks and also on the debt and equity investment in its consumer arm Abound.
Simmons & Simmons
Simmons & Simmons' wide-ranging fintech practice encompasses expertise in payments, open banking, distributed ledger technology and digital banking. The team is also equipped to advise on insurtech, digital lending and decentralised finance. The ‘commercial, responsive and thoughtful’ Angus McLean heads up the practice; noted for his track record of guiding fintech and institutional clients through transactions with a strong intellectual property element. George Morris is singled out for his knowledge of cryptoassets and blockchain, while Oliver Irons - who heads up the firm’s international payments practice - has a notable focus on innovative payment solutions. Rosali Pretorius is increasingly active on instructions concerning the impact of digitalised client service offerings. Crypto, fintech and banking disputes are all frequently handled by Douglas Robinson. Gordon Ritchie and Sophie Sheldon are further names to note.
Practice head(s):
Angus McLean
Other key lawyers:
George Morris; Oliver Irons; Rosali Pretorius; Douglas Robinson; Gordon Ritchie; Sophie Sheldon
Testimonials
‘Angus McLean – stand out focus on fintech and client development.’
‘Angus McLean is excellent – he was commercial, responsive and thoughtful in his approach. We would highly recommend him.’
‘We work with Simmons for payments and e-money expertise and the team has supported on safeguarding, knotty cross-border analysis, and crypto perimeter advice.’
Key clients
Bank of London and Middle East
LAMX
Work highlights
- Assisting BLME in setting up a new digital bank, called “nomo”, offering several sharia compliant banking and wealth products.
- Advising LMAX on issues including plans to expand its business across Europe, the US and Singapore and to extend its product offering to add listed FX and crypto derivatives.
Slaughter and May
Working with established fintech players and new disruptors alike, a number of neobanks, insuretechs, payment service providers, financial regulatory bodies, and financial data companies engage Slaughter and May for assistance with various strategically important projects. Rob Sumroy - co-head of the practice - manages a varied workload which includes good governance and compliance-related advice for fast-scaling fintechs. Fellow co-head James Cook is equipped to advise across a wide range of corporate matters, from business establishment to listings, while UK payments and e-money expert David Shone rounds out the leadership team. Regulatory expert Jan Putnis‘ contentious and non-contentious capabilities are called upon by heavyweights in the space, while Tim Fosh is noted for his expertise in transactional structuring and the UK bank ring-fencing regime.
Practice head(s):
Rob Sumroy; James Cook; David Shone
Other key lawyers:
Jan Putnis; Tim Fosh
Key clients
Wise
Stripe
Checkout.com
Revolut
Monzo
OakNorth
DoJo Paymentsense
Jeeves
Credit Karma
Zodia
Klarna
PrimaryBid
TrueLayer
Alpha FX
Y Tree Limited
Aztec Protocol
Bud Financial
TreasurySpring
FNZ
Novus
Uncapped
By Miles
Saltpay (now Teya)
Coinbase
Zopa
As investors in fintech:
SC Ventures
SoftBank Vision Fund
Ripplewood
Farallon
Euroclear
abrdn
Omers Ventures
Balderton Capital
Cocoa Y
Silicon Valley Bank (now HSBC Innovation Banking)
Work highlights
- Advised Wise on a range of legal and regulatory assignments this year, including the launch of its investment product in the UK and Europe and governance-related matters.
- Advised TreasurySpring on the establishment as well as contractual arrangements in relation to its treasury investment platform.
- Advised Klarna on a range of legal and regulatory assignments as it pursues its strategic expansion in the UK.
Travers Smith LLP
Multi-year transformational, strategic projects are at the heart of Travers Smith LLP ‘s fintech, market infrastructure and payments group’s offering. The ‘exceptional’ Natalie Lewis and Tim Lewis spearhead the team’s offering. Phil Bartram, senior consultant Mark Evans and Louisa Chambers are additional key contacts at the firm.
Practice head(s):
Natalie Lewis; Tim Lewis
Testimonials
‘Extremely supportive and flexible approach.’
‘Natalie Lewis, Louisa Chambers, and their teams are exceptional.’
Work highlights
- Advising Pay.UK Limited on a proposed payment system for over £4.5bn of payments per day.
- Advising RTGS.global Limited on the design, structure and operations of its innovative new cross-border payments.
- Advising Euroclear United Kingdom and International Limited on novel and complex legal and regulatory issues impacting its activities as the UK’s central securities depository (CSD).
Addleshaw Goddard
Litigation, M&A, outsourcings, and complex financings stand out as recent areas of activity for Addleshaw Goddard. The practice is a key destination for fintechs, major UK clearing banks and PE houses. Elvan Hussein – praised for her ability to ‘cut through complexities with clarity’ – head up the the fintech group. William James has a proven track record in large-scale payment processing mandates and technology outsourcing work. David Anderson is well versed in corporate transactions in the fintech space, while fintech disputes team head James Herring frequently handles finance litigation for payment institutions and fintech organisations. Zoe Connor is an authority on funds finance products, while Jack Houselander is well placed to advise payments clients on issues such as commercial contracts and product development issues.
Practice head(s):
Elvan Hussein
Other key lawyers:
William James; David Anderson; James Herring; Zoe Connor; Jack Houselander; Rebecca Hickman
Testimonials
‘The AG team brings a high degree of precision and clarity to the work we instruct it to assist with.’
‘Elvan Hussein is fiercely articulate and cuts through the complexities with clarity.’
‘Fantastic industry insights. A great cross-specialism payments team that is very joined up in their approach.’
‘Rebecca Hickman – very proactive, provides very pragmatic and commercial advice that is constructive and always provides a clear summary of the risks and potential ways forward. A real passion for the payments industry, which helps provide clients with useful commercial insights.’
‘A perfect partner for an early stage client. Quickly understood our needs, priorities and financial imperatives and translated this into commercially minded, practical, streamlined advice. Clearly knowledgeable and experienced in the sector, they were able to guide us through the process with little fuss to a high quality outcome.‘
Work highlights
Bristows LLP
Payment services, regtech, insurtech, and digital transformation are some of the key areas of strength for Bristows LLP‘s ‘excellent’ technology-focused fintech practice. Additional strengths include AI, DLT and blockchain, while the team is also well placed to handle contentious mandates. The team is led by the ‘outstanding’ Louise Eldridge, who is well regarded for her expertise in blockchain and digital transformation matters. Outsourcing projects for IT students is a noteworthy area of focus for telecoms expert Toby Crick. Marc Dautlich frequently guides fintech clients through issues at the intersection of technology and data protection. Mac Macmillan leverages her pre-law background in software development to inform her advice on a range data protection matters, while Mike Edgar boasts an in-depth understanding of tech procurement issues.
Practice head(s):
Louise Eldridge
Other key lawyers:
Toby Crick; Marc Dautlich; Anna Cook; Vikram Khurana; Mac MacMillan; Mike Edgar
Testimonials
‘A good depth of knowledgeable IT contract specialists.’
‘Toby Crick provides consistently excellent team and client-relationship management.’
‘Mike Edgar’s development has been a pleasure to witness.’
Key clients
Quant Network
Optal Financial ltd
Littlepay
Eigen technologies
Core Logic
Aspen Insurance
Adthena
ISB Global
The Guardian
Isle of Man Enterprises Plc
Work highlights
- Advised Baringa on a fintech collaboration with Blackrock.
- Continued to advise specialist reinsurer Aspen on a stream of fintech development and procurement projects.
- Advised Isle of Man Enterprises PLC and its grocery retail business on its ongoing digital transformation programme.
Dentons
Known for its strength in the payments space, Dentons advises on payments regulation, electronic money, digital banking and IT outsourcing transactions for a host of banks, non-traditional lenders and fintech firms, among other clients. The practice has also seen an increase in instructions relating to cryptocurrency, blockchain and the B2B payments space. Gateway and BNPL agreements stand out as a recent area of activity for practice head Tristan Jonckheer, while dispute resolution partner Craig Neilson frequently handles contentious mandates related to cyberattacks, cryptoassets and payments. Jessica Cooke has specific expertise on regulatory licensing issues faced by global financial services businesses, while Matthew Gilhooly is active on financial service outsourcing regulations.
Practice head(s):
Tristan Jonckheer
Other key lawyers:
Craig Neilson; Jessica Cooke; Adrian Yeo; Matthew Gilhooly
Testimonials
‘Tristan and his team work tirelessly to quickly understand the key issues, get to the heart of the issue, and work to find a suitable solution.‘
Key clients
PayPal
TreviPay (formerly MSTS)
Goldman Sachs
Ripple Labs
Her Majesty’s Treasury
John Lewis Partnership
M&S
ING Bank
SMBC Bank International
FIFA
Work highlights
- Advising John Lewis Partnership in relation to the exit from its partnering agreement with HSBC under which it provides a branded credit card.
- Advising FIFA on the launch of FIFA’s global e-commerce solution, with a global FIFA store and individual stores for key FIFA tournaments.
- Advising Sainsbury’s supermarket on a new payments orchestration arrangement with ProcessOut (PO).
Eversheds Sutherland (International) LLP
The 'practical, commercial and effective' digital financial services and fintech team at Eversheds Sutherland (International) LLP are active across collaborations and joint-development agreements between our large institutional clients and early-stage fintechs, IPOs and work involving crypto-assets. Governance and transparency issues connected to the use of business data and M&A due diligence are additional areas of expertise. Cardiff-based practice head Matthew Gough is equipped to advise clients on a broad array of commercial agreements. Advising financial institutions on technology arrangements is a fulcrum of Craig Rogers' practice. Simon Lightman is described as 'excellent technically and very easy to work with'. Clients include fintechs, challenger banks and investors.
Practice head(s):
Matthew Gough
Other key lawyers:
Craig Rogers; Simon Lightman; Paul Pugh
Testimonials
‘The team is a pleasure to work with. Practical, commercial and effective. Strong focus on cost management. Very highly recommended.’
‘Simon Lightman is excellent technically and very easy to work with. Feels like his just as invested in a successful outcome as you are!’
‘Excellent industry knowledge. Very approachable and well connected in the industry.’
‘Craig Rogers is a clear industry leader. He has deep experience and knowledge in the fast moving sector. ’
‘The team have a flexible approach focused on problem solving. They are very knowledgeable on both black letter law and its application in practice.’
‘Ruth Fairhurst is particularly knowledgeable on payment services regulation and industry practice.’
Key clients
Zopa
Pollen Street Capital Limited
FLEETCOR Technologies, Inc. (FLEETCOR)
HSBC
Fox Williams LLP
With a fintech practice geared towards challenger banks and other disruptive fintech businesses, Fox Williams LLP‘s ‘highly regarded’ practice demonstrates strength across financial products, financial services regulation, data privacy, HR law and corporate and tax matters. Recently, the team has been particularly active supporting fundraisings and M&A in the fintech sector. Practice head Jonathan Segal has an in-depth understanding of the growth stage lending platform space, while regulatory expert Chris Finney is well placed to advise on disruptive fintech products. Corporate specialists Andrew Woolf and Guy Morgan frequently handle fundraisings and M&A in the fintech sector, while regulatory partner Peter Finch is noted for his focus on payments and consumer credit.
Practice head(s):
Jonathan Segal
Other key lawyers:
Chris Finney; Andrew Woolf; Guy Morgan; Kolvin Stone; Peter Finch; Mardi MacGregor
Testimonials
‘The breadth of knowledge, delivered in a commercially sound manner, is very refreshing and the team has been my go-to on complex regulatory matters for many years. Highly regarded and recommended.’
‘Jon Segal: sound legal advice always delivered with a dose of personality and understanding of commercial realities.’
‘Peter Finch is clearly very knowledgeable on regulatory matters, which is invariably a very useful resource for us.’
‘The team is proactive and swift in carrying out their work.‘
‘I have been impressed by the level of practicality and value-add provided by specialists in technology, financial services, fintech and corporate teams.’
Key clients
LendInvest plc
Revolut
Koyo Loans
Onmo
Allica Bank
Zopa
Thincats
Credit Karma
Nova Credit
Griffin Financial Technology
LHV Bank
Wealth Kernel
Generation Home
Fiinu
Sabre Payments
Payhawk
Wagestream
Fidel API
Tabeo
Carmoola
Gaia Fertility
Tranch
Playter
Outward VC
Perenna
Copper
Work highlights
- Advised Allica Bank on a £100m equity raise led by TCV alongside Allica’s existing investors Warwick Capital Partners and Atalaya Capital Management.
- Advised “Banking as a Service” bank, Griffin, on its customer-facing documentation and regulatory issues related to becoming a fully licensed bank.
- Advised Perenna Bank on its £25m Series A investment.
Mayer Brown International LLP
Especially popular with financial institutions, Mayer Brown International LLP assists a wide variety of fintech clients with work related to outsourcing transactions, IP, open banking, and strategic investments. The team is also praised for its ‘excellent grasp of the emerging landscape in cryptocurrency regulation.’ Leadership duties are split between Mark Prinsley, whose fintech expertise extends to cross-border cybersecurity regulatory work, and Chris Chapman, who is equipped to advise on matters involving regulatory and law enforcement authorities. Oliver Yaros is well versed in protection matters and IP transactions. Musonda Kapotwe frequently leverages her banking and regulatory experience to guide fintech clients through transactions.
Practice head(s):
Mark Prinsley; Chris Chapman
Other key lawyers:
Oliver Yaros; Musonda Kapotwe; Jake Lindsay
Testimonials
‘Excellent grasp of the emerging landscape in cryptocurrency regulation.’
‘Musonda Kapotwe has excellent knowledge of cryptocurrency regulatory matters.’
Key clients
Bank of New York Mellon
Crédit Agricole (Indosuez Wealth Management)
HSBC
Nomura
Previse
Sun Hung Kai
Thomson Reuters
T Rowe Price
Work highlights
- Advised Indosuez Wealth Management on its acquisition of 70 per cent of Wealth Dynamics Ltd.
- Represented Sun Hung Kai & Co. Limited in its Series B investment in Sygnum Bank, the world’s first regulated digital asset bank.
Pinsent Masons LLP
AI and machine learning, open banking, payments and digital identification mandates are key focus areas for Pinsent Masons LLP. The ‘hands-on and fast’ team also frequently advises banks and fintech companies on an array of collaborative partnerships. Glasgow-based Yvonne Dunn drives the group's offering, advising fintech start-ups and established financial institutions on open banking and equity investments, among other matters. Angus McFadyen is an authority on digital identity issues, while regulatory expert Andrew Barber is a key contact for payments and e-money clients. Luke Scanlon is equipped to advise on use of synthetic data in AI applications for financial services.
Practice head(s):
Yvonne Dunn
Other key lawyers:
Angus McFadyen; Andrew Barber; Luke Scanlon; Ben Brown
Testimonials
‘Hands-on, fast, good understanding of the business and pragmatic.’
‘I would like to mention Angus McFadyen, Andrew Barber and Ben Brown. They have been real partners and I cannot think of any lawyers more pleasant to work with.’
Key clients
GS Fintech Limited
TeaPayment Ltd
Smart Data Foundry
Open Identity Exchange (OIX)
ING Bank NV / Yolt Group
Legal & General
NatWest
Open Identity Exchange
Sage
Smarter Financial
Sticklr
Loyalize
Lloyds Bank plc
Work highlights
- Advised a group of key stakeholders on the future of the open banking implementation entity.
- Key advisers to the Natwest Accelerator which has supported over 1,400 businesses at different stages of growth.
- Advised a global cloud technology provider on the regulatory requirements, international standards and best practices approach towards implementing AI technology for fintech and financial services clients.
Taylor Wessing LLP
Taylor Wessing LLP is sought out by banks, financial service providers, investors and emerging fintech companies on investments, fundraisings, M&A, litigation and regulatory work. The practice is jointly headed up by four partners: Graham Hann is a go-to lawyer for transformational projects concerning IT and data; venture capital specialist Angus Miln has a strong book of work for emerging and high-growth technology companies; Charlotte Hill is an expert in financial services regulation, and Howard Palmer is noted for his work with fintech companies on venture capital investments. Other key figures include Clare Reynolds, who has in-depth knowledge of operational resilience and cloud computing.
Practice head(s):
Angus Miln; Howard Palmer; Graham Hann; Charlotte Hill
Other key lawyers:
Tandeep Minhas; Josef Fuss; Richard Viegas; Sian Skelton; Clare Reynolds
Key clients
Kantox
Bitpanda Custody (fka Trustology)
SEON
Monzo
Curve
Thought machine
Kuda
Dawn Capital
Titanbay
Bankingly
interactive investor
Argent
Work highlights
- Advised Kantox on its sale to French banking giant BNP Paribas.
- Advised Dawn Capital on investments into Fonoa, Elwood Technologies’ $70m Series A funding, and Cover Genius’ $70m Series D.
- Advised Thought Machine on its $160m Series D funding round led by Temasek, with participation from Intesa Sanpaolo and Morgan Stanley.
White & Case LLP
White & Case LLP‘s far-reaching fintech offering encompasses regulatory matters, data, financial crime and financial products. Among other strengths, the team is well regarded for its ability to support fast-growth point of sale firms as they develop their products. Jonathan Rogers, who heads up the UK fintech practice, has a proven track record in payments advice dating back to the passing of PSD1 in 2009. His London colleague Guy Potel is the global head of the fintech interest group and is well placed to advise on M&A work involving fintechs. Jonah Anderson’s transatlantic practice spans due diligence and emerging markets investigations. Helen Pantelides is well versed in growth equity mandates, while regulatory perimeter issues, corporate transactions, and interactions with regulators are among Mark Smith’s areas of expertise.
Practice head(s):
Jonathan Rogers; Guy Potel
Other key lawyers:
Jonah Anderson; Helen Pantelides; Mark Smith
Key clients
LHV
WorldRemit
SAMA
Celsius
Mercedes Pay
Meta
Prism
Amazon
Bud Financial
Pollinate
Work highlights
- Acting for AS LHV Pank, an Estonian bank, on the transfer of its UK ‘banking as a service’ to a new UK subsidiary.
- Advised WorldRemit on financial regulatory matters related to its international regulated business.
- Advised the Kingdom of Saudi Arabia’s Central Bank to evaluate, advise on and draft the regulatory framework for open banking.
Burges Salmon LLP
Praised for its ‘expert knowledge', Burges Salmon LLP‘s fintech practice covers a broad range of transactional and advisory work including financial regulatory advice, blockchain and cryptocurrency issues, equity investments and payments matters. Practice head Martin Cook is noted for his capabilities in regulatory work and big-ticket technology transactions. Joanna Monahan is well placed to advise on transactions involving platform-based services. Corporate specialist Alex Lloyd is equipped to advise on fundraisings and corporate governance matters, while Brandon Wong is a key contact for financial services regulatory work.
Practice head(s):
Martin Cook
Other key lawyers:
Joanna Monaghan; Alex Lloyd; Brandon Wong; Niall Mackle
Testimonials
‘Expert knowledge, friendly, and very responsive and collaborative.’
‘I have found Niall Mackle one of the very best, collaborative, and client focused associates I’ve worked with – he has been absolutely brilliant.’
‘Alex Lloyd and Martin Cook have been supportive partners with great in-depth expertise and quick communication.’
‘An all-round great team.’
Work highlights
- Advising an African-headquartered banking group on a major digital and technology transformation project.
- Acting for an international payments firm on its UK authorisation and operational establishment.
- Advising a wealth management platform on its launch and the development of new product propositions.
Cooley (UK) LLP
Embedded in data privacy and cybersecurity matters, Cooley (UK) LLP is a key port of call for various fintech companies, investment firms, and payment service providers, who turn to the team for its capabilities in areas such as intellectual property protection, outsourcing requirements and capital raisings. Practice chair Guadalupe Sampedro is well placed to advise on complex regulatory matters in the payments and financial services space. Chris Coulter is noted for his in-depth knowledge of intellectual property transactions, while Yulia Makarova frequently advises on regulatory approvals for venture capital.
Practice head(s):
Guadalupe Sampedro
Other key lawyers:
Chris Coulter; Yulia Makarova
Testimonials
‘Cogent team of professional advisors.’
‘Yulia Makarova is personable, professional and efficient.’
Work highlights
- Advising eBay on a wide range of data protection and ecommerce matters related to its payments business globally.
- Advising Dapple on all the data protection, privacy and financial services regulatory issues related to the launch and operation of its NFT platforms.
- Advising an international platform aimed at the tokenisation of employer/employee relationships on regulatory framework and regulatory perimeter matters.
Gowling WLG
Cryptoasset regulatory advice, payment services issues, and corporate transactional work stand out as recent areas of activity for Gowling WLG, while commercial contracts, tax and IP are additional areas of strength for the practice. Technology specialist David Brennan helms the firm’s fintech offering; his corporate expertise extends to advice on public takeovers and private acquisitions. Kristian Rogers is noted for his capabilities in capital raisings and fund restructurings. Commercial litigators Helen Davenport and Sean Adams extend the unit’s contentious expertise, while Sushil Kuner is praised for her ‘wealth of knowledge concerning fintech and FCA regulatory work’. Ian Mason left the firm in January 2023.
Practice head(s):
David Brennan
Other key lawyers:
Kristian Rogers; Helen Davenport; Sean Adams; Sushil Kuner
Testimonials
‘Gowling really care about the customer and finding the best outcome for the issue. Such a pleasure to work with David Brennan and the team.’
‘Sushil Kuner is very knowledgeable, professional, great and easy to deal with. He has a wealth of knowledge concerning fintech and FCA regulatory work. Highly recommended!’
‘Good sensible and timely advice.’
Key clients
Molten Ventures plc
Blockchain Coinvestors Acquisition Corp
Klarna Bank AB
Work highlights
- Acted for Blockchain Coinvestors Acquisition Corp. I, a special purpose acquisition company, with respect to their $622m acquisition of Qenta Inc.
- Provided Klarna with frequent regulatory advice on the UK Consumer credit regime, the FCA’s financial promotion rules, product governance issues and payment services.
- Provided corporate support to Molten Ventures in respect of investments into portfolio companies and also provide ad hoc financial services regulatory advice.
Orrick, Herrington & Sutcliffe (UK) LLP
Practice strengths at Orrick, Herrington & Sutcliffe (UK) LLP include domestic and cross-border payments, EMI applications, and regulated transactions. Dan Jones, who joined the firm in November 2022 from Baker Botts (UK) LLP, replaced Jacqui Hatfield as head of the London practice following her retirement in January 2023. Jones is especially well placed to advise on EMI applications. Marco Boldini, who splits his time between Orrick’s Milan and London offices, has regulatory experience encompassing PSD2, AIFMD and Brexit-related topics, while Guy Stevenson frequently advises on the sale of financial services products through applications. Rebecca James is another key contact.
Practice head(s):
Dan Jones
Other key lawyers:
Marco Boldini; Guy Stevenson; Rebecca James
Testimonials
‘Strong expertise in the team in fintech related laws and regulations.’
‘A pragmatic approach and coherent yet eloquent solution for our specific request was provided by Guy Stevenson.’
Key clients
Adiona Technologies Limited
BlueSnap Inc
CashDash
Demonstrable Labs
Floww (Fomtech Limited)
Glorious Digital Limited
Griffin Financial Technology Limited
Jacobi Asset Management Limited
Koia Global Limited
Ledgercomm Ltd.
Lunu
MFS Africa
Nayms
Onto
Payler
Plim
PNC Bank
Pollen
PurpleDot
Rally Ventures Management, LLC
Splyt
Terra Payments Services (TerraPay)
TheBuildingBlocks
True Potential
Wirex
Ziglu
Work highlights
- Advised Wirex as lead counsel, providing advice on both payments and crypto regulations.
- Advised Ziglu as their lead regulatory counsel on the application of UK payment regulations on their business structure, capital requirements, and financial crime controls.
- Advising Griffin on regulatory issues connected with establishing a UK bank.
Alston & Bird LLP
Payments systems work is at the heart of Alston & Bird LLP‘s offering, with the firm advising on a host of related issues including payments regulations, outsourcing and consumer protection law. Richard Willis and Gupinder Assi head up the practice; Willis is particularly strong in new market entry work for banking, payments, and fintech clients, while Assi is a go-to lawyer for advice on agreements on with payments service providers. James Ashe-Taylor is further recommended for his extensive knowledge of EU payments legislation. Arriving to the team in May 2023 from Dentons, Jonathan Garforth is well placed to advise on the regulatory aspects of open banking and digital payments.
Practice head(s):
Richard Willis; Gupinder Assi
Other key lawyers:
James Ashe-Taylor; Jonathan Garforth
Testimonials
‘Alston & Bird is one of our main partners in payments matters in the US. Their team is business oriented, understands Cielo issues and governance. A&B is highly skilled in contracts and M&A negotiations and in payment industry.’
‘Richard Willis really makes a lot of difference in our deals.’
Key clients
Cielo, S.A.
Paymentus
Global Payments
Euronet Worldwide
U.S. Bank
Elavon
Work highlights
- Providing Paymentus with regulatory advice in the UK/EU and various other jurisdictions relating to their payment solutions, including the roll-out of their direct debit solution in APAC.
- Represented Global Payment and its affiliate, Global Payments s.r.o., in the acquisition of a payments business from Payone GmbH.
- Representing global payment service provider Euronet in antitrust litigation against Visa and Mastercard in the Competition Appeal Tribunal involving multi-million pound damages claims.
Browne Jacobson LLP
The ‘personable team‘ at Browne Jacobson LLP is sought out by high-growth fintech and insurtech companies, AIM-listed corporates, and international payments service providers for assistance in a host of corporate matters. Jon Snade and Declan Cushley share leadership duties, with the former particularly well equipped to advise on cross-border private company transactions. Harry Pearson is noted for his knowledge of venture capital investment rounds involving fintechs, while Thomas Gibby is especially active on data protection compliance matters.
Practice head(s):
Jon Snade; Declan Cushley
Other key lawyers:
Harry Pearson; Thomas Gibby
Testimonials
‘Personable team who are hard working and knowledgeable. They respond timely while acting commercially.’
‘Trusted, long-standing partner on all financing rounds.’
‘Jon Snade and Harry Pearson know the insurtech and fintech space super well and always push for the best outcome.’
Key clients
Enro Holdings Limited (T/A Superscript)
Equals Group plc
Laka LTD
Maven Capital Partners
Hlthie Limited
A-Plan Holdings / Aston Lark
The Delegated Exchange Limited
ThingCo Limited
Aventum Group Limited
Goodwin
Goodwin‘s fintech offering draws on wider expertise in venture capital, financial services regulation and tax matters. The team also has a key strategic focus on supporting entrepreneurs and early-stage fintech companies. The practice is jointly run by three partners; Andrew Davis, who specialises in corporate transactions; Andrew Henderson, an authority on financial services regulation who joined from Macfarlanes LLP in June 2022; and Ali Ramadan, a key contact for venture capital and private equity transactions. Glynn Barwick‘s regulatory expertise extends to EU and UK competition and merger control issues. Emerging growth companies frequently turn to Adam Thatcher for corporate advice, while James Taylor leverages his expertise in intellectual property matters to assist clients in the fintech space. Arvin Abraham, a former bank COO and an expert in fintech investments, joined from McDermott Will & Emery UK LLP in July 2023.
Practice head(s):
Andrew Davis; Andrew Henderson; Ali Ramadan
Other key lawyers:
Glynn Barwick; David Mardle; Adam Thatcher; James Taylor
Testimonials
‘Very professional team, knowledgeable of the relevant legal and regulatory matters. Very good attitude towards client work and pragmatic views towards finding solutions.’
‘Andrew Henderson is an experienced professional. Has a very hands-on approach on client matters and is readily available.’
Key clients
FNZ
Koos
Fidelity International Strategic Ventures
Galaxy Digital
Cleo AI
Vivid Money
Lightspeed Venture Partners
Octopus Ventures
Work highlights
- Assisted in FNZ’s approx. €12 million purchase of the issued share capital of B2B fund platform, ifsam – International Fund Services & Asset Management S.A.
- Advising Koos on regulatory aspects of their token platform.
- Fidelity International Strategic Ventures £20 million investment into Moneybox as the lead investor in a £35 million ($45,791,900) Series D funding round.
gunnercooke LLP
The ‘incredibly proactive and efficient’ team at gunnercooke LLP focuses on matters relating to cryptoassets, blockchain and Web3. Key names to note include James Burnie, who is praised for his ‘unmatched knowledge and experience in the Web3 space’, while Kathryn Dodds‘ Web3 knowledge is frequently brought to bear in work for clients from the creative arts industry. Will Foulkes, who joined from Stephenson Law in January 2023, expands the firm’s capabilities in corporate, commercial and regulatory law relating to blockchain technologies.
Other key lawyers:
James Burnie; Will Foulkes; Gareth Malna; Kathryn Dodds
Testimonials
‘The practice contains talented individuals across many different disciplines. They have provided us with access to the right expertise as and when we need it.’
‘James Burnie has been invaluable to our journey as a start-up business in the digital asset space.’
‘Great to work with. Ease of communication and clarity on fees. Team genuinely care and take an interest in their clients.’
‘A very strong team, particularly James Burnie who is technically excellent and really understands the technology.’
‘Our experiences with the team were wonderful. In fact, the team left no stones unturned.’
‘Specialists in the area of virtual assets.’
‘James Burnie’s knowledge on cryptocurrencies fills me with confidence every time I speak with him and he is always up to date with the latest news.’
‘Gunnercooke stands out for being an incredibly proactive and efficient law firm with a global reach.’
Key clients
Financial Services Commission of the Government of Mauritius
Copper
Attestant
Swapsicle
Coinpass
Outlier Ventures incubator
Oneify
Mattereum
Popex
Nettle Group
Ziglu Limited
Naoris
Polarys
Work highlights
- Drafted the rules and guidance for the Mauritius cryptoassets framework, working closely alongside the Mauritius FSC.
- Assisted Ziglu with the legal and regulatory aspects of its business.
- Advising on one of the leading ESG tokens, NTTL, run on the Algorand chain.
Mills & Reeve LLP
Mills & Reeve LLP is turned to by a range of clients for its capabilities in a host of fintech matters, including the establishment of exchanges, regulatory guidelines, contractual arrangements, and seed investment rounds. The team is jointly headed up by Jagvinder Singh Kang, a seasoned transactional adviser, and Kevin Calder, noted for his commercial and IT acumen. Other key names to note include Alison Ross-Eckford, who joined the firm from Pinsent Masons LLP in 2022.
Practice head(s):
Jagvinder Singh Kang; Kevin Calder
Other key lawyers:
Zickie Lim
Key clients
Paypoint plc
Premia Solutions Limited
Brady plc
Receipt Bank
Skillcast Group plc
Bluestone
Validus IVC
Eckoh plc
Randall & Quilter Investment Holdings
Alphabit Fund I
Work highlights
- Advised IQ Capital and US Nasdaq listed FactSet on their participation in a $26m Series B round in BMLL Technologies alongside Nasdaq Ventures.
- Advised a private equity backed crypto exchange and currency provider on its global fintech arrangements, including UK GDPR requirements.
- Worked with CoInvestor to establish an innovative digital investment platform to allow sophisticated investors, wealth managers and fund manager to connect using easy to use digital solutions
Shoosmiths LLP
Praised for operating at the ‘cutting edge of service provision’ in the fintech space, Shoosmiths LLP offering spans expertise in payments, financial services regulatory work, and blockchain disputes. Technology specialist Prakash Kerai – who co-heads the practice – is well regarded for his work with new entrants to the fintech space. Fellow co-head Luke Stubbs frequently advises on payment services and the procurement of embedded finance solutions, while Sam Tyfield is praised for his ‘excellent domain knowledge‘. Thomas Morrison is also noted.
Practice head(s):
Prakash Kerai; Luke Stubbs
Other key lawyers:
Sam Tyfield; Thomas Morrison
Testimonials
‘Matt Green has an excellent grasp of the issues in cryptocurrency disputes and has an especially wide knowledge of the sector.’
‘In-depth knowledge of market structure issues impacting European and UK financial services firms and applicability of new technologies to financial services as a result.’
‘Sam Tyfield has both excellent domain knowledge as well as industry connections across technology and financial services firms as well as government and regulators.’
‘The team is at the cutting edge of service provision in this space, and constantly driving ways to provide value to clients.’
‘Matt Green leads the blockchain litigation practice. He was one of the first in this field and continues to lead this fast-developing field.’
‘The team are friendly, approachable and commercial. They make the complicated simple and work to deadlines, always delivering on time.’
‘Prakash Kerai provides a very good service. He’s a dogged negotiator with a great attention to detail. He’s our preferred external counsel for cloud based material outsourcings.’
‘Thomas Morrison has been absolutely first rate.’
Key clients
Together Money
Markel Insurance
Close Brothers
11:FS
Vaultex
Moove
B&M Bargains Plc
N Brown Group Plc
ABN Amro Bank NV
Zip Payments
Virgin Media O2
Tesco Mobile Limited
AIB Group (UK) Limited
Creation Consumer Finance Limited t/a BNP Personal Finance
ClearToken Holdings Limited
Work highlights
- Advising major bankers, lenders, and insurers on various business-critical fintech arrangements.
- Led a shadow s.166 review with the UK subsidiary of a regulated point of sale provider which was involved in a lengthy and protracted engagement with the FCA.
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Skadden, Arps, Slate, Meagher & Flom (UK) LLP is well placed to advise on major M&A transactions, data protection issues, regulatory mandates and international arbitrations. Practice head Simon Toms has a proven track record of advising on corporate transactions in the fintech arena. Azad Ali is equipped to advise on the regulatory aspects of crypto and NFT projects, while Eve-Christie Vermynck brings her knowledge of intellectual property and data protection issues to bear on an array of fintech mandates. Patrick Tsitsaros and Abigail Reeves are further names to note.
Practice head(s):
Simon Toms
Other key lawyers:
Azad Ali; Eve-Christie Vermynck; Patrick Tsitsaros; Abigail Reeves
Testimonials
‘Deep knowledge in the regulatory practice space and willingness to work with smaller firms in the tech/fintech area that need people who understand the tech.’
‘Strong digital commerce team with commercial lawyers that also have lots of large deal experience if needed.’
‘Simon Toms is extremely responsive, pragmatic and genuinely a great person to work with.’
‘Strong digital commerce team with commercial lawyers who can connect, that also have lots of large deal experience if needed.’
Work highlights
Squire Patton Boggs
Particularly strong in assisting banks with complex transactional work, Squire Patton Boggs also handles litigation, intellectual property and regulatory work. The team is headed up by Robert Bray, who is equipped to assist with an array of corporate transactions in the fintech space. Andrew Wilkinson is well versed in matters concerning commercial contracts, while Miriam Lampert frequently advises fintech companies on employment issues.
Practice head(s):
Robert Bray
Other key lawyers:
Julian Ciecierski-Burns; Miriam Lampert; Andrew Wilkinson; Ben Ticehurst
Testimonials
‘The lawyers are not only legal experts but also trusted advisors and partners. They took the time to develop a deep understanding of our business and industry, allowing them to provide strategic counsel that aligned with our business approach and culture. Their collaborative approach fostered a strong working relationship, and we have come to rely on their insights and guidance for our most critical legal matters.‘
Key clients
Broadridge Financial Solutions
Currency Cloud
TP ICAP Plc
Contis Group
Neptune Networks
Euronet Worldwide, INC
TransUnion
Finastra
Tide
CPP Group PLC
Laybuy Holdings (UK) Limited
Euronet Worldwide Inc (and YourCash)
Equiniti Group
New Day
ChargeAfter
Tenn Capital
Earnix Limited
Work highlights
- Advised LMAX Group in relation of the sale of a 30% stake in the company to J.C. Flowers & Co. LLC.
Wiggin LLP
Wiggin LLP’s fintech practice works with businesses at all levels, from fast-growth companies to multinational corporations, on a range of commercial and regulatory matters, with noteworthy expertise in the multi-jurisdictional analysis of the regulated status of cryptoassets. Jason Fisher – praised for his ‘first class personal client service’ – heads up the team alongside Marcus Bagnall, who joined from Linklaters LLP in January 2022 and is equipped to advise on industry digitalisation mandates and NFT development. IP specialist Calum Smyth is another name to note.
Practice head(s):
Jason Fisher; Marcus Bagnall
Other key lawyers:
Calum Smyth; Alexander Ross
Testimonials
‘Alexander Ross is an extremely knowledgeable partner. He was very thorough in the review and writing process, which was very useful to anticipate potential pitfalls with international laws for example.’
‘Wiggin provides a true partner-led service at extremely competitive rates. They are flexible in their approach to billing and fees, which has been extremely helpful in recent times whilst still maintaining first rate client care.’
‘Jason Fisher stands out. Easily able to go toe to toe with much larger global firms whist providing first class personal client service.’
Key clients
SAGE Group
Tessian
Thought Machine Group
Worldpay
Xplor
Volt