header-logo header-logo

24 April 2024
Issue: 8068 / Categories: Legal News , Fraud , Criminal
printer mail-detail

Serious Fraud Office enters era of pragmatism

Criminal lawyers have broadly welcomed a five-year strategy for the beleaguered Serious Fraud Office (SFO)

Recently appointed SFO director Nick Ephgrave’s foreword states he wants cases to ‘progress at a faster rate’, with ‘bold and pragmatic decisions’ taken on casework.

The strategy, published last week, sets out four key outcomes: to have ‘a highly specialised, engaged and skilled workforce’; keep on top of new technology; combat crime through ‘intelligence, enforcement and prevention’; and be a ‘proactive, authoritative player in the global and domestic justice system’.

Nick Barnard, partner at Corker Binning, noted Ephgrave ‘has decided to set aside the previous iteration of the SFO Strategy—which was intended to run until 2025—and begin his tenure with a fresh slate.’

Barnard said the focus on recruitment and retention was ‘notable’ as ‘this has been a problem for the SFO in recent years, which must be resolved if high-profile failures of the kind which dogged the [former director Lisa] Osofsky era are to be avoided’. 

Barnard pointed out Ephgrave’s repeated references to ‘pragmatism’—‘a word completely absent from the previous strategy. This may demonstrate an understanding that the SFO needs to be realistic on what it can achieve with the law and resources available to it.’

Louise Hodges, partner at Kingsley Napley, said the plan contained ‘some important new ideas… for example, the desire to increase or better use intelligence—whether real-time covert intelligence, whistleblowers or assisting offenders—would be a shift in SFO techniques, although not without risk.

‘A big question mark for me is which type of organisation the SFO sees as its target. So far, the investigations opened under the new director have involved relatively small and lesser-known businesses, some already in administration.’

Issue: 8068 / Categories: Legal News , Fraud , Criminal
printer mail-details

MOVERS & SHAKERS

Constantine Law—Anita Vadgama

Constantine Law—Anita Vadgama

New senior partner hire at consultant-led employment / regulatory law firm

Ward Hadaway—Emma Swann & Jill Donabie

Ward Hadaway—Emma Swann & Jill Donabie

Firm adds two partners to growing education practice

mfg Solicitors—Lauren Collins, Emily Stancer & Sara Southall

mfg Solicitors—Lauren Collins, Emily Stancer & Sara Southall

Trio of newly qualified solicitors strengthens Worcester office law firm

NEWS
NLJ's latest Charities Appeals Supplement has been published in this week’s issue
The treasury has sought to reassure the legal profession over concerns about cost, bureaucracy and independence when the Financial Conduct Authority (FCA) takes over regulation of anti-money laundering compliance
One out of two barristers has come under pressure from clients to act unethically, according to the results of this year’s Barristers’ Working Lives survey
The Court of Appeal has held the Competition Appeal Tribunal (CAT) was wrong to set aside a Competition and Markets Authority (CMA) decision on unfair pricing of phenytoin, an epilepsy drug
A flagship employment law reform is due to come into effect on 1 July, extending unfair dismissal rights to employees after six months in their job instead of two years
back-to-top-scroll