Hogan Lovells launches Financial Services Regulatory Consulting practice with hire of Director Steve Murphy

Market first-mover and strategic response to Brexit uncertainty in the financial services sector.

LONDON, 4 July 2017 – Law firm Hogan Lovells has launched a new Financial Services Regulatory Consulting practice. The new practice combines both legal and consulting services and provides financial services companies with the ability to easily manage and integrate their combined legal regulatory strategy and compliance needs. 

The new practice sits alongside Hogan Lovells’ growing portfolio of innovative advisory services around the world which combine legal and non-legal capabilities including cybersecurity, transfer pricing, and strategic communications.

To lead the new consulting offering, Hogan Lovells has recruited Steve Murphy from PricewaterhouseCoopers, where he was a Director in its Regulatory Consulting practice since 2008.

Hogan Lovells Financial Services Regulatory Consulting builds on the firm's current consultative approach to providing project management support to asset managers, banks, building societies, wealth management firms, payment services providers and insurance companies.

Steve brings 25 years of experience in financial regulation and compliance. As well as PricewaterhouseCoopers, his career also includes spells with Ernst & Young, KPMG, Barclays, and a secondment with the Financial Services Authority.

Commenting on the launch of the new Hogan Lovells Financial Services Regulatory Consulting and Murphy’s arrival, sponsor partner Emily Reid, who will work closely with Steve, said:

“We are not aware of any other law firm in the UK offering this combination of legal and consulting capabilities for financial services companies. The launch of our new Hogan Lovells Financial Services Regulatory Consulting practice and the arrival of an experienced director in Steve Murphy are well timed. With the uncertainty caused by Brexit, the next few years are likely to see significant upheaval and change for the sector. The ability to provide a complete range of services beyond that which is already provided by our lawyers will be crucial if our clients are to successfully navigate the challenges ahead.”

Steve Murphy added:

"Hogan Lovells has a market leading legal regulatory practice and our consulting service will complement this to implement advice and manage clients projects from end to end. It's exciting to be launching a completely new and unique law firm proposition and I am looking forward to working with the team here and growing our offering."

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