Burness Paull wins place on financial compensation panel
Burness Paull has won a brief to support the independent body that protects customers of financial firms that have failed.
The Financial Services Compensation Scheme (FSCS) has appointed eight law firms to form its second legal panel following a rigorous six-month procurement exercise.
The panel will last for four years and, having previously provided Scots law advice to the FSCS, Burness Paull has had its remit extended by being appointed to the main core legal services lot.
The head of the firm’s restructuring & insolvency practice Michael Thomson and expert professional negligence and financial services litigator Ewan McIntyre will lead the Burness Paull team supporting FSCS.
“This is a very hard-earned appointment that requires complex legal services to be provided for a unique client,” commented Mr McIntyre.
“Being selected for the core services lot alongside some of the UK’s other premier law firms underlines our specialist financial sector expertise and ability to service clients across UK and beyond.”
James Darbyshire, FSCS’s general counsel, said: “We’re delighted to announce the successful procurement of our new legal panel. The number and quality of firms made for an exceptionally strong field and is testament both to the degree to which FSCS’s role is recognised and valued, and to the quality and impact of FSCS’s legal work.
“Against a backdrop of increasing customer expectation and a changing economic and regulatory landscape, I’m confident we’ve got the right mix of legal partners to help us deliver our strategic priorities in the years ahead.”