Barlow Lyde & Gilbert’s (BLG) new financial services regulatory team has scooped a place on private healthcare giant Bupa’s legal panel.
A team led by partner Chris Warren-Smith won a beauty parade to gain the appointment. BLG will provide Bupa with regulatory support ranging from day-to-day advice to managing any disputes that may arise.
Head of legal Paul Newton said: “Our appointment of BLG reflects the importance of integrating regulation throughout Bupa and ensuring that we approach the whole issue of regulation proactively.”
Bupa has previously handled much of its regulatory work in-house, but is seeking more support as regulation becomes more important.
BLG set up the regulatory team in June this year in response to increased demand from clients. It brings together contentious and non-contentious expertise, with Warren-Smith leading the litigation side and insurance partner Stephen Browning overseeing the non-contentious aspect.
Warren-Smith said: “We’re increasingly picking up a lot of work in this area, and Bupa’s a nice client to have. We look forward to helping it develop its regulatory strategy.”
BLG’s experience in the regulatory arena includes advice to Shell’s chief financial officer on Financial Services Authority and Securities and Exchange Commission investigations after it emerged the oil company had overstated its reserves in 2004.