From advising banks on UK product documentation to consumer credit issues and strategic digital transformation projects, Shoosmiths LLP is well placed to assist a host of clients on all manner of work, ranging from start-ups to major financial institutions. Technology expert Prakash Kerai co-heads the practice alongside the Manchester-based outsourcing specialist Luke Stubbs. Suzanne Taylor, who divides her time between Manchester, London and Birmingham, advises consumer finance clients on regulatory compliance with the FCA. Thomas Morrison is particularly praised by clients for his 'significant knowledge and experience in UK payment system regulations.'
Testimonials
Collated independently by Legal 500 research team.
‘The team is very proactive and initiate the first meeting to understand our bank's businesses, and current and potential needs in the regulatory field.’
‘Thomas Morrison has significant knowledge and experience in UK payment system regulations and provided tailor-made solutions to meet the individual bank's requirements. In addition, Mr Morrison also provided regulatory advice on the branch's customer APP design which helped the bank to plan its improvement in the fintech field. ’
‘Hannah Field is an excellent litigator, bringing experience and strategic insight to her matters.’
‘The Shoosmiths team provided excellent pragmatic advice and ably supported our business in the delivery of key strategic project both on time and on budget. The team had a strong understanding of the regulatory position and the challenges in our sector and shaped their advice so that it was risk and outcome focused. The team were well resourced and sought support from colleagues in other practices areas when needed.’
‘Suzanne Taylor is very personable, provides clear advice and is very responsive. She has a deep knowledge of our sector and this came through in the pragmatic advice given.'
- 'Russell Jones was always on hand to support with our project and turned things quickly and efficiently for us.'
Key clients
- UK Finance
- Virgin Media O2
- Mercedes-Benz Financial Services UK Limited
- RCI Financial Services Limited
- Stonegate Group
- Together Money
- Dr Craig Wright
- Tulip Trading Limited
- Vaultex
- Compare The Market
- PremFina
- Close Brothers
Work highlights
- Supporting one of the world’s top four card companies on its product and service innovations. Many of these have involved new technology (such as virtual cards and wearables), digital applications and digital journeys.
- Working with a CMA9 bank, to review and update its UK product documentation (predominantly agreements and terms and conditions) for compliance with current laws and regulations.
- Advised Stonegate Group on the contracts for its creation and operation of a new customer-facing app “MiXR” including payments functionality. As well as advising on the contracts with the app developers and host Digitas, the team provided specialist advice to the client on its contract with Bink, a provider of card-linking technology.
Practice head
The lawyer(s) leading their teams.
Prakash Kerai, Luke Stubbs