Financial services firms that carry on regulated activities in the UK and the individuals that perform controlled functions for those firms are regulated by the UK's Financial Conduct Authority (‘FCA') under the UK Financial Services and Markets Act ('FSMA') regime. The FSMA regime (as amended by the Financial Services Act 2012) has introduced a further regulator, the Prudential Regulatory Authority ('PRA') for dual-regulated firms such as deposit takers and insurers.
The immediate outcome of the banking crisis was the more 'intrusive' and intense policing of the FSMA regime by the FCA's predecessor (the FSA) in the UK, with the FSA seeking to make judgments on the judgments of the senior management of its regulated firms. This pro active regulatory approach has been reinforced with the UK's Financial Services Act 2012 giving the FCA additional powers to intervene and take action against the firms and the individuals that it regulates.
There has also been greater international co-ordination and co-operation between national regulators in relation to policy and individual cases with the US's Dodd-Frank Act also providing the US regulators with greater powers and 'reach'.
We work closely with firms and their individuals in:
Harvey Knight worked with the FSA's Authorisation, Supervision and Enforcement Divisions for six years. He ensures our team has a unique insight into the:
5.0/5.0 Review for David A. Stein by a Of Counsel on 11/19/12 in Wealth Planning
David is a extraordinary lawyer, the complete package. He is smart, sensitive, handles clients and opponents well. One can have complete confidence when working with him.
5.0/5.0 Review for David A. Stein by a Partner on 07/18/12 in Trusts and Estates Taxation
David Stein is a law firm leader and client favorite. I have heard from his former partners at an elite firm. He has had many academic accomplishments, but most importantly he is dedicated to his clients and practices under the highest ethical cons... Read moreRead more
David Stein is a law firm leader and client favorite. I have heard from his former partners at an elite firm. He has had many academic accomplishments, but most importantly he is dedicated to his clients and practices under the highest ethical constraints, never pushing the envelope in a field of many greys. Read lessRead less
5.0/5.0 Review for Jeremiah (Jeremy) Moffit on 09/27/17 in Trusts and Estates.
Jeremy was instrumental in achieving a great estate settlement for me. He is most professional and ethical. He maintained an excellent line of communication. His explanations of legal jargon were appreciated. The best attorney I have ever come in... Read more
Jeremy was instrumental in achieving a great estate settlement for me. He is most professional and ethical. He maintained an excellent line of communication. His explanations of legal jargon were appreciated. The best attorney I have ever come in contact with. Read lessRead less
5.0/5.0 Review for Jeremy B. Crickard on 08/29/12 in Trusts and Estates.
Excellent communications and very knowledgeable.
We are an equal opportunity employer committed to enhancing diversity within the workplace.
We recognize and value the benefits that a diverse workforce can bring to the organization. Diversity is not limited to gender and ethnicity, and includes factors such as religion or belief, disability, age, marital status and sexual orientation. All our employees and Partners are responsible for the promotion and advancement of equality and diversity within the Firm.
Much of our work on diversity in the last three years has been about putting good monitoring tools in place to ensure that we understand where the gaps are within our workforce, making changes to our strategies and communicating our policy on equal opportunities and diversity to our staff and training those involved in managing and recruiting others.
Since 2002, Withers has experienced a period of growth. The expansion of our client base has highlighted our clients' need for a highly skilled and diverse workforce. The business need to support diversity is evident and Chris Priestley (a Partner in our Commercial group) has been nominated to ensure that Diversity is high on the partnership agenda.
In 2006 we undertook our first diversity audit of our workforce, monitoring age, sexual orientation, religion, ethnicity and disability. New joiners are monitored on an ongoing basis. Our diversity statistics are published below.
Each year our staff are asked to acknowledge their understanding of and commitment to the Firm’s Equal Opportunities Policy as part of our annual audit.
Our Supervisors and Partners receive training to ensure they understand their obligations in implementing our equal opportunity policy in the workplace.
In addition, all interview panelists are trained in the Firm’s approach to diversity and given guidance on our structured skill based approach to interviewing.
Opportunities for promotion are communicated and made available to all staff on a fair and equal basis. A skills framework is used in all promotion, appraisal, and pay discussions to ensure a consistent and fair approach across the Firm.
Selection of candiates for promotion to 'Of Counsel or Partner' status is undertaken by a panel of Withers Partners, whose selection decisions are based upon technical expertise and pre-defined partner competencies.
Training is made available to all staff and Partners in line with our business needs. Training needs are recognized formally via our appraisal process, which is objective and skill based, to ensure a fair and equal approach.
Withers was ranked 2nd (out of the top 100 law firms) for having a high percentage of female equity partners in The Lawyer Career Report Survey 2006.
Withers also ranked 2nd (out of the top 50 firms) for Diversity with respect to women and ranked 1st for Diversity with respect for Gay and Lesbians in the Vault survey 2006.