DLA’s regulatory group in FSA hire

DLA has hired high-profile Financial Services Authority (FSA) lawyer Helen Marshall as the firm’s regulatory group continues its policy of recruiting only from regulators.

Marshall was head of forensic investigation at the FSA, having joined nine years ago. She worked closely with DLA head of financial regulation Peter Bibby, who worked at the FSA from 1998 to 2002. Both worked on what was then the Securities and Investments Board’s (SIB) judicial review in respect to pensions guidance. Marshall also worked on the SIB’s copper investigations following the 1996 announcement by Sumitomo Corporation that it had lost $2.6bn (£1.65bn).

Her appointment is in line with a policy of ensuring staff have worked for or spent time at the FSA, which the firm is now trying to apply across the regulatory practice group. “It’s a recruitment policy we’re adopting across all the regulatory areas we cover,” said Bibby. “The FSA’s a particularly high-profile regulator.”

In June the firm recruited barrister Matthew Johnson from Customs and Excise and is hiring Kate Williams, a barrister from the Department of Trade and Industry (DTI) later this month. While at the DTI, Williams was working on the Equitable inquiry. Marshall’s appointment also follows that of Graham O’Connell, who joined from the FSA last October.

The group now has 19 partners and over 70 fee-earners.