header-logo header-logo

29 March 2024 / Lucy Blake
Issue: 8065 / Categories: Opinion , Fraud
printer mail-detail

Bold beginnings at the SFO

166027
Does Nick Ephgrave’s appointment herald a new era for the Serious Fraud Office? Lucy Blake predicts the beleaguered SFO may be about to change tack

The Serious Fraud Office (SFO) has endured considerable flack in recent years following several high-profile collapsed prosecutions and closed investigations. The decision not to renew Lisa Osofsky’s tenure but instead appoint Nick Ephgrave, a former police officer, as the organisation’s new director (the first non-lawyer to hold the SFO’s directorship in its 35-year history) was interpreted by many as an indication of a change in direction for the agency.

An early clue as to Ephgrave’s strategy and priorities for the coming five years came in February, when he gave his first public speech since replacing Osofsky in August 2023. After several months in the job, Ephgrave has had plenty of time to look under the bonnet and take stock of the SFO’s problems and how they might be fixed. His speech, and indeed many of his actions since joining, suggests he won’t be sitting on his hands.

Past

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Womble Bond Dickinson—Paula Myers

Womble Bond Dickinson—Paula Myers

Womble Bond Dickinson appoints Paula Myers to private capital team in Leeds

mfg Solicitors—five promotions

mfg Solicitors—five promotions

Law firm mfg Solicitors announces five promotions at Birmingham office

Brabners—six promotions

Brabners—six promotions

Brabners adds six to partnership in record year for partner promotions

NEWS
Calls to raise the age of criminal responsibility from 10 to 14 have been renewed, with the Bar Council arguing the current threshold criminalises children too early and risks pushing them towards lifelong offending
The legal profession's AI challenge extends far beyond fabricated case citations, according to a warning about the next phase of technological risk
Law firms should use the transition period before the Financial Conduct Authority (FCA) assumes anti-money laundering (AML) supervision to strengthen governance and compliance, experts have warned
Cross-border disputes increasingly demand creative approaches to gathering evidence, with litigators needing to look beyond traditional letters of request
A Court of Appeal ruling has clarified the distinction between contracts of 'indefinite' and 'perpetual' duration, with potentially significant implications for commercial drafting
back-to-top-scroll