Financial Services



Covid19 is having a profound effect on Financial Services and raising numerous legal issues. Please see our dedicated COVID19 hub for our barristers' latest commentary and articles. For further information on Financial Services, please contact our clerks on 0207 269 0300."

Old Square Chambers’ barristers are instructed by Financial institutions, corporate clients, individuals, IFA’s and organisations covered by the FSA regulations to advice in matters involving employment, regulatory and contract law.

We are recognised for our experience on in both The Legal 500 and Chambers & Partners, with Members appearing in a range of tribunals and courts, including the High Court, court of appeal and Supreme courts.

Our areas of expertise within financial services law

Old Square have an extensive range of Counsel with proven expertise in employment law and associated contract law disputes. Our members advise and act both for and against international banks, building societies, Corporate entities, accountancy firms and individuals. The recent changes in regime brought by the UK Government have increased the duty owed by those organisations, individuals and their employees. We are well placed to advise on those extended liabilities and the vicarious liability of their employees actions, including any which result in criminal prosecution.

In most large organisation there are often claims of whistle blowing, which can be detrimental to both the employee and the employer, especially if covered by the press. We are recognised for our experience in handling high profile/sensitive matters. Counsel are able to offer industry specific expertise and guidance on the best strategic settlement in these matters.

We have a comprehensive understanding of the regulations controlling use and restrictions of the use of confidential information by financial institutions and their employees, both present and former. Members are regularly instructed to advise and also to obtain injunctive relief involving the use of that confidential information, including the restraint of trade.

Our expertise includes but is not limited to :

  •          Bonuses
  •          Individual and collective employment rights
  •          TUPE
  •          Discrimination and Victimisation (all forms)
  •          Breach of fiduciary duty
  •          Whistleblowing
  •          Holiday and Sick Pay
  •          Wrongful and unfair dismissal
  •          Regulatory FSA
  •          Liffe membership


Our financial services clients

Barclays, Coutts, RBS, JP Morgan, Merrill Lynch, Zurich, Ahli United Bank and Lloyds TSB are some of our Financial Services clients. Financial and investment advisors, including Liffe members, in professional discipline and performance related matters can also call upon our barristers with experience in these areas.


What the directories say:


Legal 500: Old Square Chambers is ‘a great set, filled with talented individuals’. In addition, the service is ‘absolutely first rate’ and ‘the clerks are very professional and always keen to help’


Chambers & Partners: A good, pure employment chambers full of down-to-earth, pleasant and capable practitioners" that is noted for the sheer number of bodies it can throw at employment law. The set is also known for its selection of really fine practitioners in its ranks. It features a very strong discrimination team and has one of the leading experts on commercial agents in Oliver Segal QC. It has long been recognised for its work in industrial relations disputes due to the presence of towering figures such as Lord Hendy QC. Commentators further praise the set for its efforts in TUPE and equal pay cases.



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