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The Financial Conduct Authority’s (FCA's) updated Enforcement Guide: Exceptional and Additional Circ
Our accountants team has extensive experience of handling both contentious and non-contentious matters for accountancy firms. We have been involved in numerous high profile matters and are uniquely placed to assist all sizes and types of accountancy firms.
On the non-contentious side, our professional practice lawyers offer a range of services for the largest international accounting networks as well as for smaller firms. These include risk management implications for global networks, and insurance and reinsurance captive arrangements under the different legal and regulatory regimes in which they operate.
Our contentious experience includes defending firms sued in small to multimillion-pound claims, and dealing with disputes covering the full range of audit, tax, advisory, valuation and insolvency services provided by accountants. We handle claims concerning allegations of failure by the auditors to detect fraud. This is a specialised area requiring specific expertise with regards to auditors’ reports. We advise on a range of regulatory, disciplinary and investigatory proceedings, and guide our clients through the particular challenges presented by parallel domestic and cross-border civil and disciplinary proceedings.
We also work with a number of accountancy firms in relation to their employment matters, partnership disputes and team moves.
Advised a group of several Consultant Sedationists in relation to their grouping under the banner of "Sedation Solutions". This involved the incorporation of the new LLP (and a related limited company), advising the parties in relation to the LLP Agreement, advising the LLP in relation to the acquisition of several medical practices, preparation of personal guarantees of the Members, and all related matters (including preparation of terms and conditions, licence to occupy premises, and...
Advised an accountancy firm on their PI submissions regarding the FRC investigation into previous employee. We also investigated the background as to why our client went insolvent
The FSA led an investigation into operations systems and controls (FS regulated advice). This raised questions regarding the nature and extent of our client's cover. We were therefore required to advise as to the adequacy of this cover. We then assisted with the transition of our client into another accountancy firm.
Advised on the Incorporation of an accountancy business, including transfer of the business from the partnership to a new company and preparation of a shareholders agreement.
Advised an individual in relation to their investment in an LLP. Our role included the incorporation of the LLP, advice in relation to the preparation of the LLP Agreement, preparation of senior and junior debt documentation and all security documentation, and all ancillary documentation (including consultancy agreements, management agreement, and all members' resolutions etc).
Advised our client on a number of complex employee/partner related matters arising out of the merger of two accountancy firms, and subsequent restructuring, which included a TUPE transfer of the business. The merger triggered exits from 6 teams of partners and their staff at 6 different locations across the UK. We provided urgent advice to the newly merged entity in relation to the protection of its business interests.
Acting for a major accountancy in relation to a liquidation of a stockbroking company. In relations to a multi-million pound negligence claim
Transfer of the business of an accountancy practice from a partnership to an LLP, including an LLP Members agreement and rebranding
Initial policy coverage investigations, advice and triaging for a broad book of non injury placed insurance policies
Acting in relation to a claim by an employee in a local grocery business against his employers’ directors after he was seriously injured falling down a lift shaft. Inadequate insurance was in place for the injuries sustained.
Acting on a delegated authority basis on a portfolio of TMT (Technology, Media and Telecommunications) cases including into small claims and fast track court proceedings
Acting on a delegated authority basis in relation to a varied book of solicitors pre-litigation professional negligence cases
Acting for a large number of insurers who offer all or any of professional indemnity, property liability and public liability insurance on a general retainer as well as delegated authority basis in relation to defending over 2,500 retro-fit cavity wall insulation cases including pre-litigation
Claims handling a book of outsourced pre-litigated and litigated cases against surveyors and valuers
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Global Senior Partner and Chair of Global Management Board
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Partner
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