Praised for its understanding of the ‘nuances and context of the fintech ecosystem’, Shoosmiths LLP is geared to handle an array of projects and deals, covering payments, open banking, artificial intelligence, and digital transformation. Leadership duties are divided between Prakash Kerai, described by one client as being ’at the centre of the fintech universe’, and Luke Stubbs in Manchester, whose outsourcing expertise is relied upon by both customers and suppliers in the fintech space. Sam Tyfield is equipped to advise on the offering, broking and trading of cryptocurrencies.
Testimonials
Collated independently by Legal 500 research team.
‘The team is very proactive in engaging in the fintech community - as thought leaders as well as advisers to their clients. There are few law firms who go as far as Shoosmiths to integrate with the community and as a result - they are one of the most trusted legal voices in this area.’
‘The individuals really get the nuances and context of the fintech ecosystem and relevant tech, legislative and regulatory trends - and crucially, how they align together. In particular, Prakash Kerai is seemingly at the centre of the fintech universe, connecting relevant individuals, organisations and workstreams in order to assist with advancement.'
- 'A very personable team and great partners to work with. An absolute pleasure.’
‘Prakash Kerai is my financial services firm's first choice for external legal support on FCA-regulated SaaS and other cloud IT contracts. Prakash has a great understanding of the underlying technology and market contract positions, with a fine attention to detail. He is also a persuasive negotiator.’
Key clients
- Stonegate Group
- Together Money
- Vaultex
- Compare The Market
- PremFina
- Close Brothers
- RCI Financial Services Limited
- UK Finance
- Volkswagen Financial Services
Work highlights
- Advised PremFina on its material outsourcing of its core loan engine to Thought Machine, a unicorn start-up providing next-generation banking and payment technology via an SaaS model.
- Advised Stonegate Group on the contracts for its creation and operation of a new customer-facing app “MiXR” including payments functionality.
- We advised Compare the Market on the procurement of an enterprise resource planning system, and its contracting arrangements for the implementation of the same with its chosen implementation partner.
Practice head
The lawyer(s) leading their teams.
Prakash Kerai, Luke Stubbs