Financial Services Sector

 

Our Approach & Track Record

 

GQ|Littler is the leading employment law firm for employers in the UK. We offer risk-based advice and litigation services on employment, immigration, employee tax and incentives issues. We work globally as part of Littler, the world’s largest employment law firm with over 1,500 lawyers in 80 offices worldwide.

What makes us different:

  •  Financial sector focus
  •  In house financial services expertise
  •  Risk-based advice
  •  We are a truly global employment  boutique

Located in the heart of the City our practice focuses on the financial services sector. Our clients range from the largest investment banks to some of the newest and most innovative hedge funds.

 

 

Our sector expertise means we understand the challenges facing the sector including:

  • FCA/PRA Remuneration Code
  • Remuneration structures and practices
  • Dismissals and investigations in a regulatory context
  • FCA/PRA-compliant employment policies and documentation
  • SMR & CP regime, conduct rules and regulatory references

Many of our lawyers have worked in-house at, or have been on secondment to, some of the world’s leading banks. Our team also includes partners who had key HR roles in the City during the financial crisis.

Our Team's Experience

Regulatory Investigations

  • Advising a global investment bank on investigations and litigation concerning the LIBOR and FX scandals, including advice on EU data collections and transfer to regulatory agencies in the US.
  • Advising on the investigation into breaches of FCA regulations in an investment bank.
  • Advising a major investment bank in an investigation relating to an alleged fraud perpetrated by a city trader and his team in conjunction with the FCA and SFO.

Transactional

  • Advising RBS on its takeover of ABN AMRO and subsequent 53  country  integration.
  • Advising administrators of Lehman Brothers on employment law issues across EMEA, involving overseas insolvency regimes, unwinding offshore employee benefit trust structures and legacy tax/NICs issues.
  • Advising RBS on the disposal of its treasury funds business to Goldman Sachs.

Advisory

  • Advising a global investment bank on a 30 country IT outsourcing project.
  • Advising a global investment bank on the outsourcing of its middle office functions.
  • Advising a global investment bank, an asset manager and a hedge fund in relation to bonus scheme compliance with FCA and AIFMD remuneration regulations, including application of bonus forfeiture and claw-back rules.
  • Advising a FTSE listed investment bank on the exit of a main board director involving a £1.5m severance and advice on share options.
  • Advising investment banks on general disciplinary/grievance issues involving approved persons.
  • Advising a challenger bank on a new suite of risk-based employment documentation, including bespoke SMR- compliant employment contracts and policy documentation, and working on an ongoing retainer to advise the bank on a range of HR issues.

Litigation

  • Defending a bank against one of the largest multi-party bonus claims ever.
  • Defending a bank on a multi-million pound sex discrimination/victimisation claim and negotiating a favourable settlement.
  • Successfully defending an international financial services institution against a high value disability and sex discrimination  claim.
  • Successfully defending a global investment bank against a group action claim brought by 50 individuals alleging the transfer of their employment and failure to comply with information and consultation  obligations.
  • Defended a FTSE 250 financial institution against a highly complex multi-million pound High Court claim brought by a former consultant, and successfully obtaining security for costs.

What others say:

“Highly experienced boutique employment law firm offering expert advice to large financial services clients and other high-profile organisations”

Chambers and Partners, 2018 

Get in touch with us

If you would like more information about how GQ|Littler can help you or your organisation, please get in touch.

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