Experts in handling professional negligence disputes
We act in complex, high-value negligence or breach of duty disputes, including in the defence of class or group actions and other third-party funded claims.
Expert advisers to the financial services industry
We are extremely experienced in advising on professional negligence matters in the financial services industry including claims which are made more complex by regulatory issues. Our global experts take a very hands on approach and understand the delicacy and complexity of our clients' industries, often advising on matters relating to audits, actuarial, funds, major projects, legal and pensions advice.
An experienced global team
Our global team work together seamlessly to manage the most demanding and complex negligence cases, including some of the most significant audit negligence cases in the last 20 years.
Our experience includes advising:
- Cattles and Welcome Financial Services on a £1.6bn claim for audit negligence, one of the largest ever cases in the UK High Court;
- Weil Gotshal & Manges in defending a claim by private equity fund, Bancroft in connection with the acquisition of a Slovakian ice-cream company in 2008. The case is a rare example of an American law firm defending itself against claims of professional negligence in London;
- An investment bank in defence of claims based upon allegations of, amongst other things, breach of banker's duty;
- The administrators of a large company in relation to potential litigation concerning professional negligence by auditors;
- A large property company in respect of its claim that its tax advisers failed correctly to advise it of the implication of an employee allowance scheme;
- A betting companyb in the defence of claims of negligence in respect of problem gamblers in the gaming sector;
- A UK financial institution in connection with claims arising from its grant and sale of a loan portfolio. The advice provided relates to a dispute with the loan purchasers and a potential professional negligence claim against the bank's former solicitors; and
- Various corporate clients in relation to possible claims arising out of an investment lost as a result of the Bernard Madoff fraud;
- A PFI SPV on whether it was able to bring a claim against its accountants for professional negligence arising from its independent audit of the financial models relating to a roads project; and
- An international private bank on the defence of a multi-million pound claim by a former client alleging negligence against the bank.
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