LAWFUEL – The Legal Newswire – Herbert Smith has continued the expansion of its highly regarded Financial Services Regulatory (FSR) practice with the hire of Patrick Buckingham.
Patrick joined the firm as a partner on 10 September 2007 having previously been European Regulatory Counsel at Lehman Brothers. While at Lehman Brothers, Patrick had responsibility for a wide range of financial services regulatory issues affecting the bank’s European businesses. He is particularly known for his expertise relating to the Markets in Financial Instruments Directive (MiFID) and he acted as a lead legal and regulatory advisor to Lehman Brothers’ internal MiFID implementation programme. Patrick started his career as a solicitor at Slaughter and May, where he qualified in 1994. Before joining Lehman Brothers, he spent six years at Clifford Chance.
Patrick’s arrival at Herbert Smith will further strengthen the firm’s non-contentious regulatory offering. It will mark a step towards the consolidation and integration of the firm’s contentious and non-contentious FSR capabilities into a unified practice area.
Herbert Smith’s FSR practice already enjoys a reputable market position. It is highly regarded by financial institutions for its prowess on contentious regulatory matters and the team of leading experts in the field including Martyn Hopper, David Mayhew, Christa Band, Peter Burrell, Elizabeth McKnight and Scott Cochrane. Patrick’s role will be to advise primarily on regulatory issues arising on corporate and finance transactions and on compliance and risk management issues facing financial institutions.
Talking about his immediate priorities and objectives, Patrick commented:
“I am looking forward to helping clients address the ever quickening pace of regulatory change, including, in the immediate future, assisting them with the significant and time critical task of complying with the requirements of MiFID.
Herbert Smith’s commitment to establishing a unified contentious and non-contentious financial services practice and its unique combination of ex-FSA and industry insiders will give the firm a distinctive edge when it comes to providing clients with the seamless, commercially astute advice they are looking for.”