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The team – including partners Clare Stothard and Steven Mills, as well as seven additional fee-earners and professional support staff – joins from Dentons.
Clare Stothard is a highly regarded and highly ranked disputes expert with a wide-ranging and impressive track record in retail and investment banking litigation. Prior to joining Dentons in 2016, she was a co-founder and leader of the banking and finance litigation group at Matthew Arnold & Baldwin (MAB), which gained a national reputation and won numerous awards.
She is hugely experienced in dealing with mis-selling allegations relating to various banking products, and also brings to bear significant experience regarding regulatory compliance and investigations.
Steven Mills is top ranked by Chambers for his banking disputes resolution work, which covers experience in a wide range of disputes relating to retail and investment banking, as well as enforcement issues. His expertise also covers regulatory compliance and investigations. He was also co-founder and leader of the banking and finance litigation group at MAB.
Already a major national player, TLT’s financial services team advises major UK banks and building societies; challenger and digital banks; fintechs; investment firms; international banks; and payment service providers. The hires support TLT’s strategy to consolidate its position as a leading firm in the financial services market and to grow its base in London, in order to meet the needs of clients as they face challenging market conditions and an ever more complex regulatory environment.
A specialist mortgage enforcement and lending services team will also join TLT from Dentons early next year.
Jonathan Hoey, partner and UK head of financial services disputes, comments: “Steven, Clare and their team are an excellent strategic fit for TLT, enabling us to ramp up our value proposition even more as we offer unrivalled services in banking litigation. By adding further breadth and depth to our financial services disputes offering in London, we are well positioned to meet the complex and evolving needs of our clients.”
Clare Stothard says: “TLT recognises that banking litigation is an area that’s ripe for growth and they see the value of investing to boost their ability to service it. It’s a forward-thinking law firm with its finger on the pulse, and I’ve got every confidence that together we will go from strength to strength.”
Steven Mills says: "TLT stands out as a major force in the financial services sector and in the dispute resolution world, and its commitment to supporting clients through the often challenging and diverse issues they face is second to none. Banking litigation is likely to become an increasingly active area given current market dynamics, and I welcome this opportunity to play a major role in TLT’s market-leading practice in London and UK-wide.”
23 November 2020