England - London • Corporate and commercial

Slaughter and May

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Fielding a team of ‘high-quality lawyers with excellent market knowledge and commercial acumen’, Slaughter and May handles a broad range of financial services regulatory matters, including advisory issues, such as policy developments, and the regulatory aspects of large-scale transactions. Practice leader Jan Putnis services a diverse roster of financial institutions, with notable expertise in cross-border corporate and commercial transactions, while Nick Bonsall acts for insurers, banks and asset managers, demonstrating a keen interest in the EU/UK regulatory regimes for solvency/own funds and governance. Other key contacts in the team include senior counsel Kristina Locmele and ’pragmatic’ David Shone. Head of the EU financial regulation practice Sabine Dittrich joined the firm from UBS Asset Management in January 2023. Since publication, Tim Fosh has moved to Eversheds Sutherland (International) LLP.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team were superb.’

  • ‘We worked with David Shone, and members of his team. David was brilliant. Very pragmatic, yet held the line when it really was important. Fully understood the issues so he could anticipate what we would want, and negotiate accordingly.’

  • ‘Very high quality lawyers with excellent market knowledge and commercial acumen.’

Key clients

  • Barclays
  • Standard Chartered / SC Ventures
  • Banco Santander
  • American Express
  • Checkout.com
  • Aviva
  • Zurich
  • Schroders
  • abrdn
  • Moody’s
  • Svenska Handelsbanken AB
  • OneSavings Bank
  • Klarna Bank AB
  • Silicon Valley Bank
  • Monzo Bank
  • NewDay
  • Legal & General
  • Allianz SE
  • Prudential
  • ASDA
  • Vodafone

Work highlights

  • Advised on its acquisition of River & Mercantile Group’s UK advisory, fiduciary management and derivatives business, and acquisition of a 75% stake in Greencoat Capital Holdings.
  • Advised Zurich on its Brexit-related insurance business transfer scheme from Zurich Insurance plc (ZIP), now based in Ireland, to its Swiss incorporated parent company, Zurich Insurance Company Ltd (ZIC), under Part VII of the Financial Services and Markets Act 2000

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Jan Putnis

Jan Putnis

Hall of fameSlaughter and May

Partner; Jan is Head of our Financial Regulation Group and co-Head of our Financial Institutions Group. Jan’s practice focuses on matters of strategic importance to financial institutions, with particular emphasis on regulatory advice (both contentious and non-contentious) and multi-jurisdictional corporate and commercial transactions. He acts for a broad range of financial institutions, including banks, investment banks, brokers, insurance and reinsurance groups, market infrastructure operators, asset managers and fintech businesses. Jan has been at the forefront of the industry’s thought leadership on the impact of Brexit, which includes working with several industry bodies, such as UK Finance and TheCityUK. He is recognised as a leading individual in the 'Financial Services: Non-contentious Regulatory' section of Chambers UK, and is the contributing editor of The Banking Regulation Review (Law Business Research, since 2010). He is a regular contributor to PLC Magazine and a member of the Financial Markets Law Committee.

Next Generation Partners

Nick Bonsall

Slaughter and May

Partner; Nick is a partner in our Financial Regulation Group and a member of our Financial Institutions Group. He has a broad financial institutions practice, with extensive experience advising insurers, banks and asset managers on a range of stand-alone advisory and transactional projects. Nick also supports financial services clients on supervisory and contentious regulatory matters concerning UK and overseas regulators. He is regularly called upon to advise on complex prudential regulatory matters, and has a keen interest in and understanding of the EU / UK regulatory regimes for solvency/own funds and governance, and also on transactions designed to create capital efficiency or otherwise be accretive to solvency / capital ratios. Nick frequently advises on financial institution reorganisations and portfolio acquisitions/disposals, including by way of the UK Part VII process. As part of this work, he advised one of the largest UK retail banks throughout its preparation for and implementation of measures to comply with the UK retail banking ring-fencing regime. Nick is a member of Slaughter and May’s Brexit Committee and sits on the Financial Markets Law Committee’s scoping group for insurance. He is the co-author of the UK chapter of The Banking Regulation Review and the author of the EU chapter of The Asset Management Review (both published by Law Business Research).

Practice head

The lawyer(s) leading their teams.

Jan Putnis

Other key lawyers

Nick Bonsall, Kristina Locmele, Sabine Dittrich, David Shone