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Year of Call:  1972

Year of Silk:  1996

Richard Jones QC Banking & Finance CV

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Senior Practice Manager
Daniel Griffiths

Practice Group Clerks
James Ashford
Mitchell Nash
Cameron Grant
Oliver Lee

Chief Executive & Director of Clerking
Tony McDaid

Tel: +44 (0) 845 210 5555
Fax: +44 (0) 121 606 1501


Richard Jones QC - Banking, Finance and Financial Regulation

Richard has wide experience in this field. 

He has particular interest and experience in money laundering insofar as it affects legal and accountancy professionals. He has contributed to the Practitioner's Guide to UK Money Laundering Law and Regulation.

He has extensive experience of disputes affecting financial services professionals and consumers and in particular claims for breach of duty by IFAs. He is currently acting in several cases involving Keydata, and Senior Life Settlements.

He advises upon the relationships of intermediaries with the FSA, and acted for the FSA in the Semperian case (failure to obtain FSA authorisation to change of control in complex restructuring).

He has particular expertise in the area of confidential information in the private equity sector (Vercoe v Rutland [2010] EWHC 424 (Ch)) and has advised extensively in respect of such disputes.

Richard has also been engaged in disputes between HMRC and taxpayers seeking to recover VAT input tax, a developing area. 

Cases include:

Mirror Group Pensions case (acting for Bank of America) in Maxwell related litigation involving Credit Suisse and liquidators of Bishopsgate Investments (trial lasted 10 months)

Bank of America – trial involving interpretation of promissory notes plus dealing with case in Court of Appeal

Sepoong v Formula One (dispute involving financial instruments produced by Ecclestone for Formula One in Korea)

Advising various banks on issues such as : terrorist legislation; obtaining recovery of monies transferred out of the jurisdiction in error

Advising General Counsel of Nomura on potential claims arising out of credit crunch and issues related to FSA approach; consequences of recent decisions on privilege within corporations for protecting correspondence against disclosure in such circumstances

Advice to Edward Jones (Canary Wharf UK) on product mis-selling and compliance issues

Irish Life – various actions relating to compliance issues and mis-selling of pension and other products

Advice relating to breach of duty on the part of accountants in respect of misuse of pension products

Richard was engaged in the market abuse case involving AIT plc; and has advised on and appeared in a number of notable cases.


Second edition of the Practitioner's Guide to UK Money Laundering Law and Regulation FSA

Joint author (with Professor Peter Johnstone) of Investigations and Enforcement in the Butterworths Compliance Series


- Approved for public access work


Midlands Chancery and Commercial Bar Association
London Common Law and Commercial Bar Association


"He has both the cerebral ability and the adversarial ability." "He's intelligent and looks at cases thoroughly but is also a very good advocate." 
Chambers UK 2016






'A particular expert in financial services matters, including cases with group litigation orders and professional negligence’
Legal 500 2015

Experienced silk with a strong reputation on the Midland Circuit. He heads the chancery and commercial group at No5 and his commercial practice focuses on financial services disputes. 
"He has provided good advice and is very approachable." 
Chambers UK 2015

‘An expert in financial services matters.’
Legal 500 2014

'Richard Jones QC comes highly recommended for his excellent advocacy skills’.
Legal 500 2013

'Richard Jones QC provides ‘good tactical assurance’ in financial services matters, and property specialist' 
Legal 500 2012 

Richard Jones QC is a general commercial litigator and is ‘thorough and down to earth’.
Legal 500 2011

'Richard Jones QC is frequently instructed in financial services matters.'
Legal 500 2009