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01 September 2023
Issue: 8038 / Categories: Legal News , Fraud , Criminal , Disclosure
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NLJ this week: SFO disasters & how to fix them

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The Serious Fraud Office (SFO) has faced some serious stumbling blocks in its time, so is it fit for purpose? In this week’s NLJ, in the first of a three-part series, Penningtons Manches Cooper lawyers Kate Bridgland, associate, Oliver Cooke, senior associate, and Richard Marshall, partner, put SFO prosecutions in the dock.

The collapsed prosecution of three former G4S executives this year is just the latest of many disasters at the beleaguered SFO. Bridgland, Cooke and Marshall outline some of these, and ask what went wrong. They investigate how significant a factor the SFO’s lack of resources may have been in its catalogue of failures to date. They look at the usefulness of ‘blockbuster’ funding. They turn to the issue of disclosure. They discuss the optics of investment, both in terms of financial resources and ministerial support.

The authors write: ‘With additional budget, the SFO would arguably be able to instruct more qualified experts, procure more sophisticated resources, and would have more experienced and well-qualified people on the ground to manage the various elements of complex proceedings (such as disclosure requirements, which have recently been a particular source of difficulty).’

Find Part 1 of the authors' series on the UK financial crime landscape here.

MOVERS & SHAKERS

Osbornes Law—Alex McMahon, Andrew Middlehurst & Harriet McMorrin

Osbornes Law—Alex McMahon, Andrew Middlehurst & Harriet McMorrin

Homegrown hat-trick: Osbornes Law promotes three former trainees to partner

mfg Solicitors—Sarah Bradford

mfg Solicitors—Sarah Bradford

Partner arrival boosts law firm’s growing real estate team

Freeths—David Smith

Freeths—David Smith

Freeths secures major tax hire with appointment of David Smith

NEWS
The Supreme Court has clarified the scope of a director’s duty, in a case where a chairman’s good intentions went awry due to the pandemic
Digital fraud is ‘baffling policymakers, investigators, prosecutors and enforcers’, leaving ‘a massive justice gap’, the author of a government-commissioned independent review has warned
Richard Lloyd’s independent review of the Legal Services Board (LSB) has delivered a devastating verdict, accusing the super-regulator of having ‘lost its way in recent years’
The House of Commons has passed the Hillsborough Law, in a historic achievement for campaigners, survivors and families of those who died in the 1989 stadium collapse
Judicial statistics show a steady rise in the number of female judges and Asian and mixed ethnicity judges in the past ten years—however, progress in terms of representation has stalled for both Black lawyers and for solicitors
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